Landlord Rent Guarantee Insurance without salary checks

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    Landlord Rent Guarantee Insurance without salary checks

    Hello,
    Is there such a Rent Guarantee Insurance, where referencing is done for tenants, but their salary is not checked?
    I am facing a problem, where so many decent interested people are filtered out by the Openrent rent guarantee scheme, because their salary is apparently not high enough to afford the property.

    thanks and regards

    #2
    This makes no sense. Why would an insurer insure against something that is predictable and nearly inevitable. Well they might, but the premium might approach the total annual rent for a one year premium.

    Are you sure you have been thinking clearly about what you are doing as a landlord? Rent guarantee insurance is at best a waste of time as a protection. You are taking this one step further by selecting tenants that even they would not insure.

    Comment


      #3
      Hi AndrewDod,
      Thanks for your advise.
      I know many experienced landlords, do not like rent guarantee insurance.
      They are a lot better judging and selecting their tenants.
      But being a novice, I am worried about the potential eviction costs, and bad tennats etc.

      But I get your messaged. Perhaps such a product does not exist.

      Comment


        #4
        6 months rent up front for a 6 month tenancy is the best guarantee in my book. Then s21 notice & standing order form at 4 month point.

        Comment

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