To coincide with our Eviction Protection program, RentWise Property Management also has a solution to ensure the owner’s will receive their monthly income even in the case of a full eviction – the Boise Rent Assurance Program.
Rent Assurance Program is $9 per month
The eviction process can take between 14 and 30 days in Ada and Canyon County. It could go quicker or take more time depending on the court system. During this time you most likely will not be receiving any income from your investment. This can leave you struggling with unexpected loss of income. Our Rent Assurance Program is an option for you as an owner to be reimbursed for one month’s rent while we are working on removing the tenant from the property.
This program is meant to coincide with our Eviction Protection Program which covers the cost of an eviction should it become necessary. If you have specific questions about this service please contact our office and we would be happy to answer your questions.
If an eviction becomes necessary at your property, and the tenant refuses to leave the home after a late notice has been service, RentWise Property Management offers a program that will guarantee a continued 30 days of income to the owner. Most evictions take between 20 and 30 days this will further prevent catastrophic and unforeseen rent losses to an owner should an evicting be necessary.
Every effort will be made to mitigate losses by working with a bad tenant. However, with this program, owners will receive at least 30 days of compensation while a tenant is being removed.
RentWise Property Management will pay the owner ONE MONTHS rental income if a tenant is evicted by the courts and forced to vacate with a writ of possession being executed by law enforcement.
A tenant does not pay rent by the 5th of the month, RentWise Property Management will post a proper three (3) day notice to pay or vacate. At the end of the 3-day time period an eviction filing will be started, we will attend court proceedings as necessary and file for a writ of possession. RentWise Property Management reserves the right to negotiate with the tenant regarding unpaid rents for up to 15 days during the month that is unpaid. RentWise Property Management will reimburse the owner for any lost rents (up to 30 days) until possession is gained and the property can be marketed again.
The monthly fee to participate in this program is just $9 per month.
This program does not cover early termination fees, tenants vacating with a military or court order clause, abandonments, or mitigated move outs. In most cases where a tenant willingly vacates the home would go back on the market to immediately be re-rent, which would minimize any income losses. Rent Assurance is only offered to owners who have allowed RentWise Property Management to properly screen and place tenants in the home with a fully executed lease in place.
Download the Rent Assurance Program Form:
You might also be interested in our Eviction Protection Program
When we qualify and place a tenant through our screening and back ground process, we will cover the cost of a potential eviction if it becomes necessary during our management. Click below to learn about our Eviction Protection Program.