One of the biggest worries for landlords is the thought of late or, even worse, non-payment of rent as this can have a huge impact on their income and overall profit.
How can landlords protect their investment and ensure that rent is always paid? Well, Rent Protect Pro by Pitts offers a fantastic level of cover for complete peace of mind.
In the first instance, we always pre-screen any applicants to ensure you are presented with potential tenants who are as reliable as possible – you are the Simon Cowell of your property, selecting the tenant that is right for you.
However, if the pandemic has taught us anything it’s that anything can happen and turn all of our lives upside down. Many, otherwise honest and hard-working, tenants have fallen on hard times and were forced to defer their rent payments.
What we all thought would be a temporary disruption has now lasted almost 18 months and rent arrears have stacked up for many, meaning landlords are receiving zero income whilst all of the property’s regular expenses remain.
But don’t panic! Rent Protect Pro protects you for up to 15 months’ of deferred rent, long enough for our legal team to take action, as well as all legal costs which may arise – up to £100,000!
Prevention is always better than cure, so plan for the worst and hope for the best. This may all sound very “glass-half-empty” but if you fail to prepare, you might as well prepare to fail.
Okay, clichés aside, taking the smart action today could very well make all the difference to your success later on down the line – we have seen it so many times already over the last year.
When you register as a landlord with Pittis and instruct us as your agent, we will discuss the particulars of our Rent Protect Pro policy and how it might be the right fit for you to safeguard your income and give you the peace of mind you deserve.
Since we introduced our Rent Protect Pro cover for landlords, we have seen a significant decrease in rent arrears – far below the industry average – just one of the many reasons we are trusted by landlords across the Isle of Wight.
So, don’t wait for the cracks to show and for problems to arise – speak to us today to see how Pittis can help you to protect your income or, for even more help and advice, you can read our advice for landlords here.