What insurance do you need to protect your income and profits? Landlord insurance is a key strategy to help minimise risks and maximise profits as a buy-to-let landlord. However, like other insurances, landlord insurance is not ‘one size fits all’. To ensure that you select the correct insurance cover for your needs, you should understand [...]
What you need to know before protecting your buy-to-let property You insure your life, your car, your home, your health, and even your earnings. Insurance is the way that you protect yourself from risks – the risk of leaving your loved ones with bills they cannot pay, the risk of being involved in a road [...]
Don’t let an insurance claim harm your long-term cash flow A short while ago, I wrote a blog which outlined 7 essential tips to keep your buy-to-let maintenance costs down in winter. Pre-winter maintenance isn’t only essential to keep your tenants happy and your void periods rare and short, but also to protect your cash [...]
The essential property inspection guide You’ve signed a tenancy agreement, and the tenant has moved in. Now it’s time to sit back and wait for the rent to roll in, and pull the tenant into line when they pay rent late – right? If only it were that easy! Buy-to-let landlords have a legal obligation [...]
Don’t make the mistakes that crucify so many small-scale landlords Landlord insurance is very different to normal home insurance. If you let a property and it is covered by a standard home insurance policy, don’t expect the insurer to cover any damage caused by your tenants. They won’t. Richard and Rosalind Meryon found this to [...]
Protect yourself and your buy-to-let investment Did you know that if your tenant trips over a broken tile in your property’s kitchen and breaks their leg, you could be sued? Imagine having to find the cash to cover your tenant’s lost earnings and medical bills. Do you have a few thousand tucked away to pay [...]
How to protect yourself and your property investment When you become a buy-to-let landlord, you take on a huge range of responsibilities, each with the potential to cost you money, time, and reputation. Faulty white goods and substandard repairs could end up with an injury to a tenant. Problem tenants that have all-night parties or [...]
An applicant applied for the property and passed the referencing process without any problems, including the credit check, employer reference, affordability checks etc. The landlord declined Rent & Legal Insurance. At the third month’s rent due date, no payment was received and there was no response from the tenant. Ezytrac commenced the arrears procedure and, [...]
Changeover property We took over a property from another agent, but the landlord agreed for the old agent to find a tenant and we would take over management from the move-in onwards. Prior to the move in, the landlord organised for works totalling £1,700 to be done to the property, using a contractor recommended by [...]
I thought I would share this story with you about one of the tenants that moved into one of the properties that we manage. He applied for the property in the usual way and passed all referencing checks that we carry out on all tenants. He had a reference from his employer as well as [...]
