The phone call every landlord dreads…

furyIt’s not the news that your tenant is behind in their rent (although that’s never fun either).

It’s a phone call explaining that your tenant has done the dodgy on you by maliciously damaging your investment property. I’ve had it happen to me in the past and I’m sure it will happen again in the future. Sadly, it’s just part and parcel of being a property investor.

Which leads me to my next questions… Do you have landlord’s insurance?

I am a HUGE advocate for having adequate insurance on all of your investments so if you don’t have an up-to-date policy, I’d suggest that you get one – pronto.

These latest figures from landlord insurer Terri Scheer shows just costly it can be to be a landlord, with one claim of $40,000 recorded to repair damages to a property caused by an angry tenant.

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

Become a successful Property Investor

Start Here With Your Free Investment Gift Pack Valued at $297

Get one step closer, Fill in the form below

More from Real Wealth Australia

Blog - The Next Boom Cycle Is Coming... Prepare Yourself
Articles

Post COVID-19 Property Boom Cycle is coming… prepare yourself!

The Corona virus pandemic is in the process of trashing property prices by possibly up to 30% according to some and when it’s over be …

How to invest and prosper in uncertain times
Articles

How to invest and prosper in uncertain times

Most of us have gone from living our lives, going about our business, taking care of our homes, to a level of uncertainty that caught …

Will the property market crash_
Articles

Will the property market crash?

Australia is in lock-down, schools are closed, many people have lost their jobs or are working from home. We must all exercise safe distancing, which …