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Landlords typically have insurance coverage for damage by tenants, including lost rent.
by cherry_tree 3mo ago
Landlords typically have insurance coverage for damage by tenants, including lost rent.
- deleted 3mo ago[deleted]
- itake 3mo agoIt’s hard for new landlords. People that bought houses to rent compete against property owners of paid off homes or people with 3% mortgages. Tacking on optional insurance products on a property that’s already in the red further encourages landlords to push up rents prices.
- mx7zysuj4xew 3mo agoWell yeah, it's also hard for any random person to start an oil conglomerate having to compete against ExxonMobil
- gazebo2 3mo agoMaybe people shouldn't be buying homes for the purpose of renting them then?
- bombcar 3mo agoThis form of insurance is exceeding expensive and exceedingly rare. Large buildings self-insure (by having a ton of doors) and small landlords don't want to pay it.
- eloisant 3mo agoDepends on the country I guess, but in France it's about 3% of the rent. For that price they will pay you the rent if the tenant is not paying, and take care of the getting paid by the tenant. If landlords don't want to pay that, then they accept the risk of having to deal with a tenant who doesn't pay.
- bombcar 3mo agoIt might be more common in Europe, I've never seen it in the US (but maybe some property managers offer that as part of their 5-10% cut of the rent).