Mat Zalk is the President and Property Manager at Keyrenter Property Management which has offices in Tulsa, Oklahoma City, and Arkansas. He focuses on the acquisition and management of single and multi-family residential properties on behalf of himself and a small network of investors.
Before founding Keyrenter Tulsa, Mat was a Strategy Director at The Property Finder Group, where he worked closely with the CEO and senior management team on various international acquisitions, scaled local teams in the group's Saudi Arabia and Egypt offices, and executed a number of strategic projects in the business' core market of Dubai. Mat has been an active investor since 2014 and is a licensed real estate agent in Oklahoma.
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.
