Optional Eviction Coverage

[Jen Stevane]

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

[Greg Scott]

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