We work with Goodlord to provide this service. It is a service designed to protect landlords from the financial impact of tenants failing to pay rent. This comprehensive service ensures that landlords receive their rental income on time, even if the tenant defaults on payment.
Key Features of Goodlord’s Rent Guarantee Service:
- Guaranteed Rental Income
- If your tenant fails to pay the rent, Goodlord’s Rent Guarantee service ensures that you will still receive the rental income. This provides financial stability and peace of mind, knowing your income stream is protected.
- Prompt Payments
- Goodlord aims to make rent payments promptly, typically within a specified number of days after the rent due date, ensuring minimal disruption to your cash flow.
- Eviction Costs Covered
- In the unfortunate event that eviction proceedings become necessary due to non-payment of rent, Goodlord covers the legal costs associated with the eviction process. This includes serving notices, court fees, and legal representation.
- Full Property Management Integration
- The Rent Guarantee service is fully integrated with Goodlord’s property management platform. This seamless integration ensures that all aspects of your property’s management, including rent collection and legal processes, are handled efficiently.
- Comprehensive Tenant Referencing
- Goodlord conducts thorough tenant referencing before offering Rent Guarantee. This includes employment checks, credit history reviews, and rental history verifications to minimize the risk of tenant default.
- Flexible Coverage Options
- The service offers flexible coverage options to suit different landlord needs, including various rent guarantee periods and coverage amounts. This allows you to choose a plan that best fits your rental portfolio and risk management strategy.
Benefits of Using Goodlord’s Rent Guarantee:
- Financial Security: Ensures you receive your rental income regardless of tenant payment issues.
- Reduced Stress: Eliminates the worry and hassle of dealing with non-paying tenants.
- Legal Protection: Covers the costs and complexities associated with eviction proceedings.
- Efficient Management: Integrates with Goodlord’s platform for streamlined property management.
- Tenant Quality Assurance: Through rigorous tenant referencing, the risk of tenant default is minimized.
Goodlord’s Rent Guarantee service is an invaluable tool for landlords looking to protect their rental income and ensure their property investment remains profitable and stress-free.
