With the cost of an eviction at an extremely high rate, Empire Property Management Group has come up with a solution to further protect unexpected costs incurred in removing a tenant from a home.
If an eviction becomes necessary at your property, Empire will cover all costs incurred in removing a tenant from your home for $10 a month which comes out to .33 cents per day. Without such coverage, Empire Property Management charges $75 per hour for the eviction process. In comparison, this is very inexpensive when compared to an attorney who would charge $300 an hour.
A typical eviction in the Columbia market would average these costs:
|Without Eviction Assurance:||Without Eviction Assurance:|
|Initial Notice to Vacate||$150||Covered|
|Eviction Filing with Magistrate
|Court Fees for Justice of the Peace
||$121 – No Limit||Covered|
|Court Appearance for Owner
||$150 – No Limit ($75 per hour)
|Tenant Move Out Fee (Meeting Sheriff)||$350||Covered|
|Remove All Tenant Possessions||$1,000 +||Covered|
|Lock Change Required by Law||$150 - $300||Covered|
|Move Out and Cleaning||$550||Covered|
|TOTAL:||$2,500 + to $5,000||NO CHARGE|
With EVICTION ASSURANCE – Empire Property Management will cover ALL of the above costs incurred from an eviction on your behalf. For $10.00 per month – owners can assure they will not be hit with an unexpected cost of $2,500 or more!
This program will only cover the initial charges in removing the tenant and for the basic clean out. Any damages incurred by the tenant from normal wear and tear, or intentional destruction, will not be covered. Eviction Assurance is only offered to owners who have allowed Empire Property Management to properly screen their tenants through our application process, and those tenants that complete a lease agreement both written and executed with Empire.