It’s every property investors nightmare, the tenant from hell. This tenant doesn’t pay their rent for months but when they finally leave, it’s a scene of destruction.
Rooms filled with rubbish, carpets ruined and holes in the walls are left by these nightmare tenants. Fortunately these people are the exception and most tenants are no trouble. However when you strike one of these people you remember it.
There are things you can do to mitigate the risk. Make sure your property is well presented. If it’s neat and tidy you are more likely to attract a better tenant. Do as many background checks as you can and make sure you conduct regular property inspections. Perhaps even visit the property personally to collect rent in the first few weeks. Keep on top of any rental arrears. If the rent is late in the first few weeks, alarm bells should sound immediately.
Landlords insurance also provides a safety net. It includes covers you for damage to your property, the contents you leave for your tenants and it also covers you for loss of income from the loss of rent. eChoice insurance has a team of insurance experts who can find the best cover for you at the right price. Even if you have existing cover we can do a free health check and find you a better deal.
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