rental bonds

Discussion in 'Property Management' started by Nigel Ward, 26th Jun, 2008.

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  1. Nigel Ward

    Nigel Ward Well-Known Member

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    Nigel Ward, 26th Jun, 2008
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

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    Of course someone from Terri Scheer would be suggesting that bonds aren't enough - they want to sell you landlords protection insurance! :rolleyes:

    (FWIW - I think that landlords insurance is generally a worthwhile expense).
     
    Simon Hampel, 26th Jun, 2008
    #2
  3. Nigel Ward

    Nigel Ward Well-Known Member

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    You cynic! :D;)

    Agree with your view on value of landlord's insurance...but I've ultimately decided to self-insure against that risk and try to mitigate it with careful tenant selection...

    Hasn't always worked out. I'm now onto my second dodgy tenant over 7 years...but on a % basis that's very low...

    I definitely would not self-insure vs any other risks at this stage! Also accept it's a calculated risk.

    Cheers
    N.
     
    Nigel Ward, 26th Jun, 2008
    #3
  4. AsxBroker

    AsxBroker Well-Known Member

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    Hi Sim,

    I want to know why NSW Department of Fair Trading can pay less than 1% for having my money for two years...

    That's a rip off!
     
    AsxBroker, 26th Jun, 2008
    #4