As a companion program to the Eviction Protection Program, we have developed the Lost Rents Program that will reimburse a property owner for the rent that is not paid when an eviction is necessary.
Walnut Creek, CA (PRWEB) October 08, 2011
Stokley Properties Inc., a full service Bay Area property management company in the Bay Area, is pleased to announce its Lost Rents Program.
“As a companion program to the Eviction Protection Program, we have developed the Lost Rents Program that will reimburse a property owner for the rent that is not paid when an eviction is necessary,” said Joseph Stokley Jr. of Stokley Properties. “Under this program, if a real estate owner or investor suffers from an eviction, Concord property management, Stokley Properties Inc. will continue to pay the property owner rent for 30 days on the 'Basic Plan,' and up to 60 days under the 'Premium Plan.'”
One of the concerns of real estate property owners is the costly process of eviction as it costs a lot of money in both court costs and lost rent. With Stokley Properties’ Lost Rents Program, along with its Eviction Protection Program, property owners will not have to worry about this issue at all.
“Our clients are very pleased with the opportunity to participate in a program like this. It takes a lot of the anxiety out of being a real estate investor,” adds Mr. Stokley.
The cost of “The Basic Plan” covers 30 days of rent payment and costs only 1.5 percent of the normal monthly rent. “The Premium Plan” will reimburse a landlord for 60 days of rent payment and costs 2.75 percent of the normal monthly rent payment. The Lost Rents Programs credits the rent to the owners account at the commencement of the eviction process and continues to pay for up to 60 days, depending on their plan.
For more information, call 925-658-1415 or visit http://www.stokleyproperties.net.
About Joseph Stokley Jr. and Stokley Properties Inc.
Joe is the principal broker and owner of Oakland property management Stokley Properties Inc. Over the past 20 years Joe has been active in real estate investments and property management. Previously a Regional Vice President for a national real estate investment firm with holdings of more than $2 billion, Joe was responsible for sales and marketing of large commercial office buildings and retail shopping centers across the United States.
Stokely Properties covers Concord, San Ramon, Brentwood, Martinez, Oakland and all across the Bay Area.
# # #