Philadelphia, PA -- (SBWIRE) -- 11/21/2019 -- DJCRE Property Management, the leading rental property management company in Philadelphia, takes tremendous pride in being the go-to rental property management company in Center City, South Philly, and the surrounding areas.
While the landlord-tenant payment structure is designed with all parties' benefits in mind, a tenant's failure to pay rent often leads to a lengthy, expensive, and sometimes contentious eviction process. With eviction come costly lawyer fees and substantial lost income, and property managers need to be aware of proper legal action to recoup losses and maintain a steady income. These options include a "cash for keys" agreement, which allows the landlord to pay the tenant an enticing payout to vacate the property so the landlord can find dependable tenants faster than waiting out the lease period and incurring more debt.
While this offer may seem like an appealing solution, DJCRE recommends various other alternatives the landlord may offer the tenant that does not include a cash payment. Alternative options include offering to allow the tenant to break the lease and not be subject to additional payment and using the security deposit and last month's rent to cover any past-due charges. These options are open to negotiation, since both the landlord and the tenant can benefit.
In the event that a tenant refuses any and all offers, the landlord may still proceed with the eviction process. DJCRE Property Managers believe in the power of effective communication, which can lead to a compromise or settlement, made out of court and off of record, that may slow the process down and increase in cost.
With over 40 years of experience in the real estate industry, DJCRE Property Management is the best choice for anyone looking to invest in the Philadelphia market, including property sales in Graduate Hospital. Those looking for more information are encouraged to visit the company's website at http://djcre.com.
About DJCRE Property Management
DJCRE has specialized in Philadelphia property management and homeowner's insurance for over 40 years. The company offers experience, expertise, and professionalism when handling mediation between renters, homeowners, and third party contractors. Their executives' background includes finance, building, real estate, and insurance.
For more information visit http://djcre.com.