One question that landlords often ask is whether they need Rent Guarantee for their properties. The answer is a resounding yes.

We live in a rapidly changing world, where safeguarding your investment is crucial. And there's no better way to protect your rental income than by having a comprehensive rent guarantee policy in place. As a landlord, you may find yourself in a situation where a tenant stops paying rent, either intentionally or due to unforeseen circumstances like job loss. With the current cost of living crisis and skyrocketing rents, tenants are facing increasing difficulties in making ends meet.

But fear not, we've got you covered. Our Rent Guarantee service offers a safety net that covers any unpaid rent and legal costs if the need arises. This service is available to both our Managed and Rent Collection clients. Reach out to us if you want to learn more about how Rent Guarantee can safeguard your investment. Additionally, most landlord insurance providers offer rent guarantee coverage, so it's definitely something worth exploring.

Here's an interesting statistic: letting agents are 272% more effective at preventing landlords from falling into arrears of two months or more compared to landlords who manage their tenancies themselves.* When you combine this statistic with the absence of an effective Rent Guarantee policy, the risk becomes substantial.

In summary, whether you're a current landlord managing your own portfolio, employing an agent to handle your properties, or even a prospective landlord embarking on this exciting journey, having a Rent Guarantee policy should be at the top of your priority list.

*Statistic provided by Christopher Watkin, property journalist.