As a landlord you should be investing in a rent guarantee insurance. The benefit outweighs the costs and give you complete peace of mind.
At Move On, why strongly recommend this to all our landlords and if your agent cannot offer this to you, then perhaps the tenant hasn’t passed the necessary referencing?
- NO EXCESS
- RENT PAID ONCE TENANT IS ONE MONTH IN ARREARS.
- RENT PAID UNTIL THE TENANT VACATES
- ALL COURT COSTS PAID
- ALL LEGAL COSTS FOR SOLICITOR PAID
As an agent, we do not have a crystal ball into the future. A tenant can pass all the necessary referencing, but their situation can change – we only have to look at Covid recently to know, life is unpredictable.
With the cost of living and energy bills going up, this can have an impact on your tenants outgoings.
Costs vary for the insurance, but typically they are between £300 and £400 per annum – a lot less than losing month’s rent!
Having worked in the lettings industry for 40 years, owned Move On for 17 years and have a personal portfolio of properties. I have probably gone through most challenges and the systems I have put in place pre-empt so many losses that a lot of landlords’ face. That is why Move On are known locally as the lettings experts.
Let me help you have a more stress free 2023 by managing your properties. Email me for an informal chat on firstname.lastname@example.org