What is Eviction Insurance?

This is an optional service offered to HomePointe customers as our way of proving that we pick good residents and that we will back that claim up with protection for you. Under the program HomePointe agrees to pay attorney fees and court costs in connection with an Unlawful Detainer Action for all tenants placed in the property by HomePointe and after 180 days for tenants placed by others provided HomePointe accepts such residents placement into the program. Should the resident request and be granted a jury trial for the Unlawful Detainer Action, owner shall bear all costs to litigate from that date. Please note that jury trials are extremely rare. Evictions normally cost is excess of $700.00, while eviction insurance costs as little as $10.00 per month per tenant. Just at the time when no rents are coming in, you can avoid having to front the costs to evict by having this popular protection.

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 HomePointe Property Management reserves the right to not provide eviction insurance at its sole descretion.  Some existing tenants may not have been qualified by others and do not meet HomePointe's standards..

 
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7 Comments on What is Eviction Insurance?

Evictions are costly and ugly, and it's nice to know that your company offers a service that creates a measure of security and peace of mind for it's tenants if such an unpleasant situation ever arises.

04/30/2008 12:15 AM by David Saks - Real Estate Broker (The Real Estate Mart of Tennessee, Inc.)

Never heard of this before. Thanks for the info. One learns something new every single day.

04/30/2008 12:49 AM by Bob & Carolin Benjamin - E Phoenix Arizona Real Estate (The Benjamin Team - Keller Williams Integrity First Realty )

A knowledgable property manager teamed with a good eviction attorney also help.....In Va, I can file the UD/eviction since the lease is in my corp name and I go to court and can order a tenant removal.  If the tenant wants a trial, they must put $$$ owed into court and they never do and I do have an attorney who can appear for $200....for my $300 late/notice fee, I can remove tenants and since I also file a Small Claims suit for the remainder of any lease rent, deliquent tenants want to deal to prevent the double whammy. 

Homepointe's program makes sense in a larger market with a more fluid tenant population

04/30/2008 06:46 AM by Wallace S. Gibson CPM (Gibson Management Group, Ltd.)

Very neat program.

Just a word to the wise.  Your super huge photos a few blog posts down are stretching your blog and messing it up  a tad.

04/30/2008 06:48 AM by Chris Elizabeth Griffith ~ Bonita Springs Fl Real Estate (Keller Williams Elite Realty, Bonita Springs, FL)

Robert, what an excellent service by Home Pointe to their clients!

04/30/2008 12:23 PM by Duane Marlink, Rate A Home (Rate A Home)

Wow - never heard of this. Sounds like a blessing for landlords to have. -Carla

05/01/2008 11:16 PM by Carla Harbert - RE/MAX Pros (Full Time REALTOR in Ohio)

About half of our clients take advantage of this service.  It is especially used in average to below average neighborhoods.

05/07/2008 01:21 AM by Robert Machado, CPM MPM Sacramento Area Property Manager and Property Management (HomePointe Property Management, CRMC)

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Property Manager: Robert Machado, CPM MPM Sacramento Area Property Manager and Property Management (HomePointe Property Management, CRMC)
Robert Machado, CPM MPM Sacramento Area Property Manager and Property Management
Sacramento, CA
More about me…
HomePointe Property Management, CRMC

Office Phone: (916) 429-1205 Ext.: 105
Cell Phone: (916) 531-5896
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