T&H Realty Services Blog

I’m sure you’ve heard the saying, “all good things must come to an end”, and as we wrap up our “Inside T&H” series, that’s exactly what we want to talk about.

The end.

While we hope to remain your partner for years and years to come, there will inevitably come a time when we part ways.

Terminating a contract is never something we look forward to, but we understand that it’s a natural part of the investment process.

And when it’s time to end your contract, we want to make sure you are handled with the same care as we provided when you began the relationship with us.  

We have identified 3 main reasons why you may want or need to terminate your contract and the process involved in each.

At T&H Realty Services, a key part of our Property Management service is to provide our Owner Clients with the highest degree of protection for their asset.

Clearly, obtaining a proper security deposit from your Tenant is a big part of this.

A security deposit is one of the most important lines of defense for Landlords. A security deposit not only protects the property, but also the Landlord’s finances should anything be damaged during their renter’s lease period.

Let’s dive a little deeper into how we handle this very important issue for our Clients.

Several blogs back we discussed our move-in process.

While you will see some similarities between our move-in and move-out processes, move-outs are obviously a whole different ball game.

Knowing that you’re losing a Tenant as opposed to gaining one puts some added tension on you as the property Owner, and we understand that.

The process of moving a Tenant out and getting the home in rent-ready condition again is relatively involved and our whole staff puts in a lot of time and effort to coordinate everything for you in the most efficient manner possible.

You want to minimize vacancy, and so do we.

If you’re not getting paid, we’re not either.

Let’s take a closer look at our move-out and turnover process so that you can have an overall better understanding of how we handle these big events for our Clients.

In the grand scheme of being a Landlord, there are few things more painful than an eviction.

No Landlord wants them.

But, if you do this long enough, you’ll almost certainly have to evict a Tenant.

At T&H Realty, we evict less than 1% of the Tenants we place.

Unfortunately, in spite of our best efforts and in spite of extreme Tenant screening, evictions are a harsh reality of being a Landlord.

Because, as we all know, life happens: Divorce, job loss, illness ,etc.  

Evictions, as you might guess, require significant care from our team, and we are prepared to communicate with you heavily until the situation is resolved.

Rest assured that we're here to expedite the process and get your property re-rented as quickly as possible.

Below is a basic guide to how we handle evictions for our Clients.

Usually, when you think of what a Property Management company does, the first things that likely come to mind are collecting rent, handling maintenance issues, conducting move-ins, and other notable events.

And, clearly, those are are important functions. 

But, you may not even realize all of the smaller, in-between tasks that come with the job.

The tasks associated with managing and enforcing the terms of our Lease make up a big part of what we do for you as a rental property owner.

The key, obviously, to managing this minutiae comes down to a strong Lease. To use a cliche... the devil is in the details.

A strong Lease not only sets expectations and standards for the Tenant, but it protects you and your asset.

And even with a strong Lease, you must have the systems and resources in place to enforce it.

So, today, we’re going to discuss a few ways we do this for you.

As we’ve discussed numerous times, vacancy is a cash flow killer.

Not only is it important to rent the property quickly, it’s equally, if not more important, to keep your Tenant in your property.

Renewals are a Landlords best friend.  

And as we’ve mentioned in other blogs, renewals are a win-win-win situation, so we do our best to make as many as possible happen.

I say renewals are a win-win-win for the following reasons:

1. You don’t have to put out any money for turnover costs or suffer any vacancy.

2. The Tenant doesn’t have to deal with the cost and hassle of moving.

3. Each member of our staff gets a year end bonus dependent on the amount of renewals we have, so the more the better!