In a post-pandemic world, Maryland's eviction numbers are once again rising.
A 9-month sample size saw close to 17,000 evictions statewide. If you're an Upper Marlboro landlord, you need to protect your investment property, but having to evict a tenant is never ideal.
Fortunately, there are things you can do to protect against and even prevent eviction. Today, we'll help you create an eviction protection plan that works for you and your situation. Keep reading and learn more about what you can do to mitigate the pains of the tenant eviction process.
Maryland's Eviction Laws
Before you put your protection plans in place, it's important to understand Maryland's eviction laws. Here, you may only move to evict a tenant for nonpayment of rent and lease violations.
While you don't need a notice to evict a tenant for nonpayment, nonviolent lease violations afford them 60 days' notice. Under no circumstances may you attempt an eviction outside the bounds of the law.
Eviction Prevention
The best form of eviction protection is prevention. To prevent a poor tenant from entering your property, you need thorough tenant screening. This involves criminal and financial background checks to ensure they're responsible and a suitable fit for your rental.
When you have a great tenant in your property, it greatly lowers the risk of having to carry out an eviction. If you can keep them satisfied long-term, this is the best way to maximize your rental income.
Once you've got a good tenant, write up a thorough lease that outlines the rules of the property. Make sure the lease also contains clear information about what happens in the event of lease violations. If you're upfront about the rules and inspect the property regularly, you can prevent most bad tenant behavior.
Landlord Protection Services
It's never a bad idea to include an eviction clause in your landlord insurance policy. Eviction insurance in Upper Marlboro MD can help cover any of the costs associated with eviction, which can be difficult to swallow.
If you truly want protection, however, hiring a property manager who offers eviction protection is the best way to go. An official eviction protection plan is a promise from your property manager that you won't be on the hook for any of the financial fallout from an eviction.
Not only will the property manager take care of the eviction process, which can be stressful and time-consuming, but they'll also handle the expenses and lost income that result from evicting a tenant. All you need to do is wait out the process and get ready to welcome a new tenant once it's complete.
Get Eviction Protection Today
Whether you need legal eviction assistance or full eviction protection, a rental property management company can help. At PMI Experience, our tenant screening and eviction protection services ensure you're never stressed about poor tenants.
As one of Maryland's top property management groups, we can help you thrive as a landlord. Contact us today to learn more about eviction protection, as well as our many other landlord services.
