The eviction ban is set to expire on December 31st. This protective measure was put in place to prevent COVID19 from spreading through displaced renters, as determined by the CDC. The order shields tenants who qualified for the CARES act and have experienced difficulty with rent payments, preventing them from being forced into crowded living arrangements or shelters. To qualify, tenants must submit a declaration indicating pandemic-related hardship, provide evidence of applying for all available financial assistance (documentation recommended), and verify they would likely become homeless if evicted. Here’s what the eviction moratorium means for property investors in Lubbock, and how it affects your real estate investment strategies.
Legitimate Eviction Reasons Still Apply
Evictions for reasons unrelated to non-payment during this moratorium can still proceed for real estate investors in Lubbock. You’re not obligated to tolerate criminal activity, threats to other residents, or other valid eviction causes. However, conduct thorough due diligence to confirm your tenant doesn’t qualify for protection under current orders, and be ready to halt eviction proceedings if they provide a signed declaration of pandemic-related financial hardship. Make sure you fully understand all CDC guidelines plus any state or local government directives regarding tenant protections. Landlords risk substantial civil penalties for violations. Keep in mind that tenants who cannot affirmatively answer all qualifying questions don’t receive protection, and they sign declarations under penalty of perjury.
Handling Partial Payments Effectively
When the order expires, tenants will still owe all unpaid rent plus their regular monthly payments going forward. At Electrum Properties, we recommend establishing partial payment plans with tenants, encouraging them to contribute whatever they can during this challenging period. For real estate investors in Lubbock affected by the eviction moratorium, the alternatives are covering the income gap from other resources or pursuing legal action for back rent. The latter option presents considerable challenges, as the very reason for non-payment is financial hardship. Finding win-win solutions that help both property owners and tenants maintain stability is our specialty and aligns with our mission to solve real estate problems with mutual benefit.
Navigating Eviction Filing Procedures
A significant update to the CDC’s original moratorium now permits real estate investors in Lubbock to initiate eviction proceedings before the order expires, though actual evictions cannot be executed during the covered period. This clarification, found in the FAQ section of the CDC website, details what falls under the order’s guidelines. Typically, evictions take between 3 to 30 days. Depending on local regulations following pandemic-related moratoriums, courts will begin processing evictions potentially as early as January 2021. Property owners should stay informed about ongoing legal challenges to the moratorium on constitutional grounds, arguing the CDC lacks authority to implement rent policies. We at Electrum Properties continuously monitor these developments to help solve your real estate problems quickly and with cash solutions that give you your freedom back.
Developing Sustainable Repayment Solutions
When possible, real estate investors in Lubbock should consider creating flexible repayment plans for accumulated back rent during the moratorium. Many landlord-tenant relationships are positive, with both parties wanting to preserve their arrangement. If both sides can manage a solution with additional monthly amounts added to future rent payments, you can retain good tenants while helping families maintain housing security. This creates the win-win scenario that Electrum Properties champions in our approach to solving real estate problems. We recommend collaborating with tenants well before the deadline to establish mutually beneficial arrangements that provide freedom and stability for everyone involved, supporting both homeowners and communities.
Critical Importance of Documentation
When communicating with tenants protected under the eviction moratorium, real estate investors in Lubbock should carefully document all interactions. Should matters escalate to legal proceedings, thorough evidence of your actions and attempts to work with tenants will be crucial. This documentation also protects you against potential omissions of fact during court hearings. Proper record-keeping is essential for safeguarding your investment while ensuring fair treatment for all parties – a fundamental principle we embrace at Electrum Properties when helping property owners solve challenging situations with fast, cash-based solutions.
Electrum specializes in helping you understand your rights as a landlord and navigating what the eviction moratorium means for real estate investors in Lubbock. As cash home buyers focused on creating win-win solutions, we’re dedicated to helping property owners overcome challenges and regain their financial freedom. If you’re experiencing tenant issues or considering selling your rental property quickly for cash in any condition, our team is ready to provide solutions that benefit both you and your community. Simply send us a message or call us today at 806-630-0875 to discuss your options and take the first step toward getting your freedom back!