Program For Protection Against Evictions
It's reassuring to note that less than 1% of tenants placed by Nexus are evicted annually. Nevertheless, those few instances of eviction are not only stressful but can also be expensive and time-intensive. Understanding the unpredictable nature of life and its challenges, such as a tenant undergoing personal changes, losing employment, or facing familial disruptions, sometimes leads to their inability to meet rent obligations. Despite our persistent communication efforts and multiple arrangements, there are moments when Nexus must take the hard step of removing a tenant from your investment property to safeguard your investment.
Understanding the Nexus Eviction Protection Program:
The Nexus Eviction Protection Program is a signature offering from Nexus, designed to mitigate the hassles associated with evictions. In scenarios where eviction becomes inevitable, the program ensures:
Coverage of all legal and associated court fees.
Complete attendance by Nexus at all court hearings.
Payment of constable fees.
Comprehensive management of eviction filing fees, court costs, service charges, and legal expenses.
By investing a nominal annual fee, property owners can enjoy peace of mind, knowing that the tedious aspects of evictions are handled professionally by Nexus.
Evaluating the Need for Nexus Eviction Protection Program:
The suitability of the Nexus Eviction Protection Program largely depends on your comfort level with potential risks. Consider the following:
Are you comfortable bearing occasional lost rents?
Are you apprehensive about confronting an eviction?
Do you have clarity on the potential costs of an eviction?
Do you possess the support of a legal expert for guidance during evictions?
Coverage Offered by the Nexus Eviction Protection Program
The program is designed to provide an exhaustive list of services:
All legal and attorney fees.
Regular drive-by checks and property inspections throughout the eviction period.
All fees associated with court appearances.
Charges related to court filings.
Constable-related expenses.
Costs related to serving notices (e.g., Three Day Pay or Vacate notices).
Three decades of expertise focused on ensuring due process during evictions.
Thorough negotiations with tenants in arrears.
In Massachusetts, the average uncontested eviction could burden you with a $1500 expense. With the Nexus Eviction Protection Program, this expense is nullified.
Assessing the Need for Eviction Protection
You might consider this program if:
Delayed rents adversely impact your mortgage payments.
Your property is situated in an area with unreliable tenant demographics or economic challenges.
Your property, due to its condition, requires you to be more flexible with tenant selection.
Nexus Eviction Protection Program Pricing
For a modest annual fee of $99, billed every January (with a prorated option available at sign-up), the Nexus Eviction Protection Program offers extensive protection and peace of mind for property owners.
