There your property manager goes again about the importance of landlord insurance! It is a question many investors have asked themselves. Let's have a look at four reasons why landlord insurance is important.
1. Tenants circumstances change
You may complete all the checks, the tenant may have savings in the bank, strong employment and show all the makings of the perfect tenant however this is still not a safe bet. The tenant could fall into financial hardship and be unable to pay their rent at any time. Your landlord insurance will cover much of the losses in this circumstance.
2. Accidental Events
I am sure many landlords have had that 4:50pm Friday phone call from their property management team. You know the one where a tree has fallen on the roof or there has been a fire or flood in the living room! Well guess what, your landlord insurance has you covered here. You can rest easy knowing that you won't have to fork out extra funds unexpectedly.
More and more tenants are pet owners these days and as much as we love our furry friends they can sometimes cause damage to flooring, skirting and gardens. Luckily many insurance companies are increasing benefits for pet damages.
Overall all for as little as $280 a year, its worth purchasing landlord insurance.
Are you selling? If so you will want to ensure that your home is styled to perfection.
A properly styled home can mean the difference between the price that you wanted and the price that you needed.
By engaging in these four simple steps your home will look spick and span and have much interest from your buyers.
Our team has the knowledge and market experience to accurately appraise your home. Our aim is to serve you in that we focus on income growth, fast tenancy turnovers, minimal loss of rental income, reduce vacancy periods and long-term good quality tenants. Leading up to every lease renewal our team will provide you with an updated market appraisal and rental recommendation. This gives you an understanding of where your investment sits in the market. We also provide our investors free, no obligation sales appraisal.
Within our property management department transparency and communication is a core value guiding our business standards and policy. As such we provide investors an owner portal in which they can see what our property management teams sees. Owners have full access to inspections, statements, rentals payments, invoices, quotes and more.
We structure our property management department so that our investors have one point of contact at all times. This is called a portfolio-based department which means that property managers are assigned an area and a small amount of investments in which they manage from A to B. We find that provides a more personal service, is less pressure on our team, ensures longevity of staff and improved overall services standards.
We understand that experience is key, which is why our property managers are well trained and have extensive experience within the industry. We know that landlords are concerned about securing high quality tenants, reducing wear and tear, minimizing rent arrears and taking care of maintenance. We are here to look after you! Our team attends yearly legislative events in order to expand our knowledge and service capabilities.
No matter the situation that arises our team pride ourselves on being the experts and having a solution.
Give our team a call today for a no obligation chat 07 3851 0011 or 0400 872 232.