How can landlords best protect their income?
With everyone feeling the squeeze of an economy under pressure, it’s important for Landlords to protect themselves in the event that a tenant should be unable to meet their payments. The losses can mount up - including lost rent for up to six months, eviction costs, legal fees and property damage, not to mention a period of vacancy post-eviction.
Rent Protection Insurance might seem like another unwanted expense, but Landlords must seriously consider whether they could absorb the cost of a tenant who defaults - and if not, whether insurance could help them ride out the storm, and protect their income.
For more information on how you can protect your rental income, see this article on Legalforlandlords.co.uk