So, I Decided To Get the “Guaranteed Rental Income Protection Plan” For 17 of My Rental Units And Get My Lost Rental Income Reimbursed.
Here’s what happened to me:
For years I rented out my rental units knowing that tenants sometimes stop paying rent due to a number of reasons. But, the mortgage company doesn’t take excuses as a form of payment. I defaulted on two of my previous homes due to a string of bad tenants and a ton of repairs. So, I started to research and look to see if there was any way that I could protect my properties from future foreclosure due to non- payment from tenants. When I found out about the rental reimbursement plan for landlords and property managers, it seemed like everyone knew about it but me.
I met with the local manager of a property management company. I immediately started watching his eyes and body movements, and listened closely to the way he spoke. I was surprised to know that this management company had been telling their clients about this for years. Why was I the last to know? By the end of the meeting, he put me in contact with www.rentallogics.com and I was able to secure a policy for 17 of my rental units. I look at it as insurance for your rental property. You’ll be surprised to know how easy it was to get the policies I needed in place.