Rental / Eviction related pay to stay ordinances
Cleveland city council last summer passed a "pay to stay" policy. https://mayor.clevelandohio.gov/news/pay-stay-ordinance-offers-clevelanders-protection-eviction
The city of Lakewood is considering similar legislation. https://www.cleveland.com/community/2023/01/lakewood-city-council-ponders-permanent-rental-rights-ordinance-regarding-evictions.html
Tenants who fall behind in rental payments are subject to eviction. A "pay to stay" policy is a way to allow tenants in these circumstances to bring their rent current to avoid an eviction.
As property managers, even before the passage of Cleveland's policy, our 1st knee jerk reaction is to NOT always press for an eviction. We look at the circumstances on a case by case basis. Is the tenant who's late promising to pay mid month but doesn't and then they fall of the face of the earth avoiding your calls & text messages? Is this a problem with a tenant paying later & later each month? Or is this a 1 time situation when the tenant is late? Our intent is to balance maximizing income without giving the tenant the opportunity to live free.
If you are an investor struggling to maintain the expected rent collections, give us a call about possibly managing your properties. No only can we stabalize the income, but we are always improving the screening process for new tenants moving in to limit & / or reduce the likelihood of arrears building.
D & K Property Management Services
Karen Bostwick
(440)
590-5925
KarenMBostwick@yahoo.com
https://dkpropertymgmtsvcs.blogspot.com/
Broker License 2018002999
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