Evictions are something we absolutely hate to do, and it’s often the worst part of property management. It can be traumatic to both the resident and to the owner, but sometimes it has to be done. One of the reasons owners hire us to manage their properties is to make decisions like this for them without letting emotions get in the way. When we handle evictions, we manage them efficiently and quickly.
Reasons for Eviction
The majority of the time, evictions are due to residents not paying rent. Landlords can also evict when residents aren’t taking care of the property or complying with the lease. But the vast majority of the time, the reason for filing for an eviction is for nonpayment of rent.
Late Rent and Deciding to Evict
In Indiana, eviction is a pretty smooth process. We have an attorney handle everything, which is legally required. We are not allowed to do it ourselves.
Residents know that rent is due on the first of the month. The resident has a couple days to pay the rent without any kind of late fees; this is our grace period. If the resident has a balance of more than $150 on the 15th of the month, an eviction is filed. We do not make exceptions or arrangements on due rents.
We would let the resident go no more than 3 weeks without paying rent before the eviction would be filed.
Indiana Eviction Process
Next, the attorney files the eviction at the courthouse to get a hearing date. That hearing date is called the VCIP date, which stands for the Verification Claim for Immediate Possession. It’s typically scheduled within a couple weeks of filing. When you go to court, the judge is going to ask the resident if they are in agreement that they do indeed owe rent. When they agree, the judge is going to ask if they would like all 10 days to vacate the property or if they can vacate immediately.
In the worst case scenario, the judge is going to give the resident an additional 10 days to vacate the property. Once the 10 days has come and gone, if the resident is still not out of the property, a sheriff will meet us at the property to do a lockout to get the resident out.
From start to finish, there are about three weeks before the eviction is actually filed to about two weeks in court and then possibly two more weeks to remove the resident. This equals around a 30-day process. We typically do not make any kind of payment arrangements with the resident along the way.
Our landlord rescue program helps landlords remove bad residents. Clients working with us can take advantage of our Gold or Platinum plans, where we offer eviction protection.
If you have any questions about evictions, please do not hesitate to contact us.
Indianapolis Property Management Services – A Wise Investment
Too many people get into the rental property market as a means to grow their investment money thinking it’ll be a passive investment. It’s a good decision for the most part, as property values tend to increase over time no matter where you are and the rent payments almost make this investment self-funding. However, what appears to be a perfect plan on paper often turns out to be anything but in reality. residents create management situations, whether they are good or not so good, and rental properties take time to maintain, even if they’re relatively new.
Unfortunately, a lot of rental property investors do not go ahead and hire Indianapolis property management services because they think it’d be too costly. In most situations, this thinking is misguided. As you’ll see below, CRM Properties can help you understand the full value of your rental property such that it’s quite possible that you can charge more in rent than you would have otherwise. Given that potential, it’s also quite possible that this extra rent revenue will help to pay for your property management in Indianapolis. Once again, you’ve achieved a largely self-funding model.