We recently published an article about landlords taking out insurance to cover themselves in the event of tenants defaulting on their payments.Certain letting agencies provide this service and it covers the landlords rental income for a maximum of three months.It was initiated because of the difficulty landlords have trying to evict unsuitable non-paying tenants or when a tenant decides to leave suddenly leaving the landlord without income.
While this is certainly a good thing to have don’t always assume others have your best interests at heart.Some landlords I know have told …

I would like to tell you a story about how a letting agency misused my landlord insurance.
The letting agency sold me an awesome product, landlord insurance. If my tenant does not pay the insurance pays up to 3 months GREAT, or so I thought…
The first time I got suspicious was when I was notified that my property did not have a tenant and that the insurance had already paid out 3 months rent. I was furious, why was I not notified? The excuse I got was that the assigned agent …

After receiving plenty of interest in the post entitled “Pre-paid electricity meters the way to go.” I have decided to write a follow up article to address some of the questions posted to us. I will answer to the best of my ability and hope it helps.
Getting a pre-paid meter for your home or rental property.
If you own the property and are not part of a body corporate you should contact your specific council/municipality directly and work through them. They will advise you on the steps to follow to change …