Hello, it’s Megan here, from Mint Property Management. Over the next couple of weeks, we’re going to deliver a series of short videos that are answering some of the questions that we’ve been receiving, and that we know are at the forefront of people’s minds.
Today, we’re going to look at the question of landlord insurance.
Now, yes, we are talking to property investors with this one, so if you have an investment property, please go and read your PDS document,
and understand exactly what the terms and conditions of your landlord insurance are.
Now this is super important, because there are some policies that if you make an informal arrangement around a rent reduction, and worst case scenario, your renter does fall into arrears after that period, you may not be able to claim, on rent arrears under your terms and conditions.
So, it’s really, really important that you understand the ins and outs, and to communicate that to your property manager so that they can help you through that process,and to make some good decisions.
We really hope that everyone is staying well, and that this information is helpful, see you again soon.