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What’s the most common reason for landlords finding themselves in hot water and needing to make an insurance claim? The answer, according to one insurance company* at least, is ‘escape of water’. This term covers everything from burst pipes and defective washing machines to leaky loos and dripping taps.
It’s been described as a curse of modern times. It’s omnipresent in most of our everyday lives. And for some, its impact is dangerous and, in the worst-case scenarios, deadly. In the tune of the 1990 hip-hop hit – let’s talk about stress.
Investing in a buy-to-let abroad can be a tempting prospect. Owning your own little piece of paradise while earning a rental income can seem like a win-win scenario.
If you’re a landlord looking to save time and money (and let’s face it, who isn’t?), a good letting agent can be a game-changer. They’ll manage your rental property day to day (so you’re free to focus on your other responsibilities), regularly check in with your tenants (to ensure there are no issues) and remind you of your legal obligations.