Discussion in 'Real Estate' started by Nigel Ward, 26th Jun, 2008.
Bonds not enough protection for landlords | NEWS.com.au
Of course someone from Terri Scheer would be suggesting that bonds aren't enough - they want to sell you landlords protection insurance!
(FWIW - I think that landlords insurance is generally a worthwhile expense).
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.
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!
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