When you decide to become a landlord, you have to consider all of the scenarios that could take place. By planning for the worst, it allows you to protect yourself as needed. While you may work to get the best possible renters inside of a home or apartment, you can’t be sure that they’ll pay rent.
What happens if your renter doesn’t pay rent? While you may be able to cover one or two payments or deal with late payments, what happens when rent isn’t paid at all? You’re likely to suffer financially. You may even default on some of your own loans.
Financial security is critical, and you achieve that with a rent guarantee.
What is a Rent Guarantee?
A rent guarantee is sometimes known as a deposit guarantee. It is something that can be obtained by the person who is renting your property. This is a more …