What is a guaranteed rent agreement?
Interested parties are encouraged to conduct their own research and to be satisfied with all aspects of this information, including without limitation all revenue, rent, dimensions, space, zoning, and permits. All figures and information contained in this ad are approximate and should only be used as a guide and should not be used for financial purposes or advice of any kind. PRD Central Coast does not guarantee the accuracy of the above information and is not a financial advisor or accountant, and does not provide any of the above information as advice of any kind. Furthermore, there is no catch and no fees.
the guaranteed rent worth it?
It is sometimes possible to buy a policy without a deductible, although the premiums for these products tend to cost a bit more. A rental guarantee insurance is a policy that you can take out with a specialist real estate lender who can pay off if your tenant is over a month behind in rent. Like buying any other type of insurance, taking out rental guarantee insurance is about protecting your property and investments. Landlord insurance allows you to protect your building against environmental damage while protecting yourself from liability. Tenant insurance allows tenants to protect their belongings in the unit.
You don’t have to worry about invalid periods that the property encounters because the system pays you every month, regardless of whether no one is renting the property.