The Law Offices of Kristy Hernandez offers rent collection and eviction services for landlords at affordable prices. If you are having difficulty getting a tenant to pay the rent consistently, you should consider having an attorney assist in the rent collection process. Putting an attorney involved in the monthly rent collection process shows your tenants that there will be swift and immediate legal action if they do not pay. Knowing that an attorney is involved helps insure that your tenants make paying rent their number one priority.
Many landlords have no trouble dealing with maintenance issues on their rental properties, but find lots of headaches trying to collect rent on time from tenants. Hiring an attorney to handle your rent collection is much more affordable than traditional property management because you continue to conduct your own property maintenance and repairs – the attorney only helps with collections. Traditional property management usually costs a percentage of the total monthly rent a landlord receives. Our office charges a flat monthly fee per rental unit for rent collection, regardless of the amount of rent you charge your tenant.
How rent collection works:
When you hire our office to handle your rent collection, each of your tenants will receive an introductory letter from the law form explaining that rent will now be collected through our offices. The introductory packet explains all late fines for tardy rent payment, and gives instructions on when and where to send the monthly rent checks. Each month our office sends out a rent statement on our letterhead with a postage paid return envelope. Tenants return the postage paid envelope to our offices with their rent payment, and our firm deposits the rent payments with the bank on your behalf.
If rent is not received on time, the attorney immediately calls the tenant and our office serves a 3 Day Notice to Pay or Quit. Quick action like a call from an attorney usually results in the immediate payment of rent. Having an attorney handle the rent collection each month insures that you will receive fast action in making the tenants accountable for their failure to pay. In the event that eviction is required, landlords using our rent collection services receive a discount on attorney fees for evictions.
Landlords Losing Rental Property in Foreclosure
Many tenants use a pending foreclosure as an excuse not to pay the monthly rent. This is a direct violation of their rental agreement and a landlord has the right to pursue collection of these funds. Although you may not be making the monthly mortgage payment, when you permit someone to live in property you own, you assume a great amount of liability for all incidents occurring on your property. Your rental unit also incurs wear and tear from the tenants use and enjoyment of your facilities.
Also, a landlord who is not paying the mortgage still has the responsibility of maintaining the habitability and safety of the premises for your tenants so long as they are the owners of the property. This maintenance and liability has an economic cost to the landlord that is compensated for by the monthly rent received from the tenant. Landlords who are unable to collect rent during foreclosure are paying these maintenance and liability costs with no ability to recoup their losses.
Kristy Hernandez has a strong background in foreclosure and has a deep understanding of landlords facing these circumstances. Usually landlords in foreclosure have substantial debt and cannot afford to be out of pocket any additional expenses, nor can they afford to lose rental income. If you have a rental property that is in foreclosure and your tenant has stopped paying, you are a good candidate for rent collection help. The Law Offices of Kristy Hernandez has an excellent track record of assisting landlords in foreclosure with collecting the rent up until the time that the foreclosure takes place.
The eviction process can be tricky. Our office understands that every day a non-paying tenant remains in possession of a landlord’s property costs the landlord money. Our firm has assisted hundreds of landlords with evictions and offers a low affordable flat rate for all eviction services. The Law Offices of Kristy Hernandez provides eviction services for commercial and residential leases. Affordable monthly payment plans are also available.