My tenants have disappeared and I want to find them so I can get what I am owed. Who will help?
This is another area where decent rent insurance can prove its worth. Rival insurers are busy adding different bells and whistles to their plans to try and stand out from the crowd and the most attractive of these ultimately get copied by everyone. Several now offer to help trace ‘gone away’ tenants against whom you can ultimately claim any unpaid rent. Others have links to discount credit check and other tenant verification services you can use when you vet new residents. Related legal protection insurance is another common add-on – this provides the funds and the experts to fight claims made against you by your tenants, for example. It should also give the same benefits if you need to take a case against them. One more reason why the right cover can make life as a property investor a whole lot easier.