Mat Zalk is the President and CEO of Keyrenter Property Management, which manages about 3,500 single-family rental homes across Tulsa, Oklahoma City, Northwest Arkansas, Wichita, Kansas City, St. Louis, and Indianapolis, with a new office in Ocala, Florida. He has grown the company in part through the acquisition of local property management companies.
Before founding Keyrenter Tulsa, Mat was a Strategy Director at The Property Finder Group in Dubai, where he worked with the CEO and senior team, scaled local teams in Saudi Arabia and Egypt, and led strategic projects in the company's core Dubai market. He has been an active real estate investor since 2014, holds real estate licenses in Oklahoma, Arkansas, Missouri, Kansas, Indiana, and Florida, and is a past president of EO Tulsa. He co-hosts The Same Day Podcast with Yoni Schmidt.
Evictions are an unpleasant yet necessary part of property management. Property owners are often hesitant to evict a tenant and use it only as a last resort. But, delaying evictions diminishes cash flow, directly impacting ROI. So, how can you conduct an effective eviction that benefits you while giving the tenant leeway?
According to Mat Zalk, the eviction process should be tactical and occur within the first month of delinquent payments. For Keyrenter Property Management, this entails issuing a late rent notice five days after the payment date and initiating the legal process another five days following the notice. The company also conducts mediation so the tenant and landlord can reach a mutually favorable agreement. Whether you have a tenant who makes consistent late payments or a resident who refuses to leave, Keyrenter can take over the eviction process and oversee the management of the property thereafter.
Tune in to this episode of The Same Day Podcast as Chad Franzen of Rise25 catches up with Mat Zalk of Keyrenter Property Management to discuss how to handle evictions. Mat discusses Keyrenter's eviction and mediation processes, the greatest challenges of the property management industry, and COVID's effect on evictions.
