Since the COVID eviction moratorium expired in 2021, evictions have jumped considerably throughout the United States. Florida, in particular, saw a shocking increase of 187% in eviction and foreclosure rates.
With the restricted eviction process during COVID-19 no longer in place, how will it affect landlords and tenants in Punta Gorda, FL? How can both parties protect themselves from such stressful, costly processes?
This post-pandemic evictions guide provides insights for both sides, so read on.
For Landlords
A report found that landlords shell out nearly $4,000 to replace an apartment resident who leaves.
Unfortunately, evictions can cost more, as landlords must pay legal and court fees. And even if the court sides with the landlord, it doesn't always mean they'll get the money their tenants owe them.
So, before you evict a tenant, consider the following first.
Non-Payment of Rent
Are you evicting a tenant for non-payment of rent? If so, Punta Gorda eviction rules (per the Charlotte County government) require you to give a 3-day notice to tenants.
However, you can choose to give them more than that. They may just be in a financial pinch that they can recover from soon and be able to pay you what they owe through a payment plan. While you don't have to offer this to all non-paying renters, consider doing so for those who've always been excellent tenants.
Breach of Lease
First, consider the severity of the tenant's violation. Is it minor and easy to remedy, and is this the first time it has occurred? If so, give the tenant time to fix the problem before filing an eviction.
Eviction Protection Plans
If you have no choice but to evict a tenant, check if you have an eviction protection plan. You likely have one if you're working with a reputable property management company. With this, your property manager should handle the eviction and cover some of its costs.
For Tenants
If you're a renter unable to pay rent, speak to your landlord about your predicament. They'll likely work with you if they know what you're going through and have always exhibited good tenant behavior.
You can also seek help from the government. The Housing Choice Voucher program is an example of eviction assistance Punta Gorda renters can apply for. The Charlotte County government also provides aid for renters facing eviction.
If your landlord says you've breached the lease agreement, it's best to apologize and remedy the issue ASAP. Otherwise, your landlord may file an eviction case against you.
Avoid Evictions
Evictions can leave tenants without a home and cause landlords significant income loss and stress. That's why both parties must do their best to avoid such predicaments.
PMI Heartland Realty can help both sides mitigate those risks. We're a franchisee of PMI, a larger national company that has specialized in full-service property management solutions for over 20 years.
If you're a renter, we can help you locate rental properties that best suit your budget. If you're a landlord, our comprehensive marketing, tenant placement, lease enforcement, and eviction protection services can fill your Punta Gorda property with qualified tenants.
So, speak with our team today! We'll happily discuss what we can do for you, whether you're a renter or a landlord.
