Many landlords hold back from putting their property on the market because they are worried that it might not go to plan. But there are plenty of ways to protect yourself and your property. Find out more in this article.
Many landlords hold back from putting their property on the market because they are worried that it might not go to plan. Perhaps you have heard horror stories from friends, or you might've even watched Nightmare tenants on tv and seen a terrible situation you don't want to happen to you.
In reality, those situations are very rare, and you will usually see huge errors on the landlords' side as well as the tenants, which escalates and causes big problems.
One way to ensure this doesn't happen is to employ a letting agent to handle things for you. This way, you will have all legislation issues complied with and someone there to regularly visit and liaise with your tenants on your behalf.
To further protect yourself, you can take out Rent Insurance.
Rent insurance policies cover you as the landlord for any unforeseen problems that may arise in the future with your rental property.
If you are worried about having to start legal proceedings or go to court to remove a tenant, the insurance will cover that.
If you are worried that the tenants might not pay, the insurance will cover that.
It is a way of protecting yourself from major issues and unforeseen costs and expenses, giving you total peace of mind.
And the best part is if you sign up for our Gold or Silver level, Rent Guarantee Insurance is available to you for a small surcharge payment, which would have been discussed with you at your valuation appointment.
If you want to learn more about Rent insurance, get in touch with a member of our team today.