Landlords often ask us, "Do I really need Rent Guarantee for my properties?" The answer is a resounding yes.

In today's ever-changing world, protecting your investment is crucial. One of the easiest ways to safeguard your rental income is by having a reliable rent guarantee policy in place. As a landlord, you may find yourself in a situation where a tenant stops paying rent, whether it's intentional or due to circumstances like job loss.

With the current cost of living crisis and skyrocketing rents, tenants are facing increasing difficulty in making ends meet. As a landlord, it's essential to have a "safety net" that covers any unpaid rent and potential legal costs. Rent Guarantee is a service we provide for our Managed & Rent Collection clients. Feel free to reach out if you'd like more information about this service. Most landlord insurance providers also offer Rent Guarantee, so it's worth exploring this option as well.

Consider this statistic: letting agents are 272% more effective at preventing landlords from facing arrears of two months or more compared to self-managing tenancies.* When coupled with the absence of an effective Rent Guarantee policy, the risks become substantial.

To summarise, whether you're an experienced landlord managing your own portfolio, working with an agent to oversee your properties, or a future landlord starting your journey, having a Rent Guarantee policy should be a top priority.

*Statistic provided by Christopher Watkin, property journalist.