Criminal element

It’s a sad fact that break-ins are common.

Your contents can be damaged or broken by thieves.

If you’ve failed in your duty of care (e.g. failed to repair broken locks), you could also be liable for losses your tenants suffer too.

Without insurance, you’ll have to pay to repair or replace what’s been lost.

Perhaps even sadder is the fact that sometimes the criminal element is actually your tenant.

It’s not unheard of for tenants to steal fittings and fixtures from the rental – often when they abscond after not paying their rent either.

It is also not a rarity that tenants inflict malicious damage on the property.

Depending on the policy, landlord insurance can reimburse you for losses from tenant theft and malicious damage.

If you are really unlucky, you may find your tenant is using your property for illegal purposes – like operating a drug lab.

Every investor wants a secure investment and reliable tenants.

But sometimes not everything goes to plan.

And some events cannot be controlled.

What can be controlled is whether you have the safety net that comes with landlord insurance.

RealRenta has all the tools that a property manager has, but less than ¼the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property

RealRenta also has a free vision, so why not check it out

Jason Gwerder
Friday, 11 February 2022

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