Updated almost 8 years ago on . Most recent reply

Optional Eviction Coverage
I am signing an agreement with a property manager for a property. I am new to this. There is an optional $20/mo optional eviction coverage, stating that in the case of an eviction, the PM will pay all associated lawyer and court costs. Is this worthwhile?
Thanks! Jen
Most Popular Reply

If the PM is screening correctly an eviction should be a fairly rare occurrence. In my SFRs I had only two in 10 years. The biggest cost from an eviction will likely be loss of rents and turn costs. I expect the legal costs in tenant-friendly states might be significant, but I would be surprised if your costs in Montana would be more than $1000.
Ask your PM what it normally cost them to evict a tentant