I have a small portfolio of properties managed by different agents as they are in different areas. Two of these agents are small operations run by middle aged men who have both had hearts attacks. If they become ill, or worse, what will happen to my rent?
I am taking steps now to ensure I have contact details for all my tenants so that should the agent be incapacitated for any length of time I can arrange for rent to be paid direct rather than get stuck in the agents bank account & if necessary I can manage the properties myself.
I would advise all LLs to think about all possible scenarios as at the moment all bets are off!
I am taking steps now to ensure I have contact details for all my tenants so that should the agent be incapacitated for any length of time I can arrange for rent to be paid direct rather than get stuck in the agents bank account & if necessary I can manage the properties myself.
I would advise all LLs to think about all possible scenarios as at the moment all bets are off!
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