Don’t make this mistake!
SHARE A STORY ABOUT A PROBLEM/MISTAKE YOU’VE SEEN RECENTLY AND WHAT SHOULD BE DONE INSTEAD. HERE ARE SOME IDEAS:
- NOT LONG AGO WE STARTED MANAGING A PROPERTY AND THE OWNER OF THE PROPERTY DIDN’T TAKE OUT LANDLORD INSURANCE. THEIR TENANT DEFAULTED ON THEIR RENT PAYMENTS LEAVING $_________ OWING AT THE END OF THEIR LEASE. WE WERE ABLE TO PURSUE THE DEBT AND WE ACHIEVED A COURT ORDERED GARNISHEE ON THE TENANT’S WAGES TO REPAY THE DEBT. BUT IF THE OWNER HAD LANDLORD INSURANCE, THE DEBT WOULD HAVE BEEN COVERED BY INSURANCE FROM THE BEGINNING, AND THEY WOULDN’T HAVE HAD TO WAIT FOR THE DEBT TO BE REPAID.
- A NEW CLIENT OF OURS HAD NEVER PAID FOR THE GUTTERS TO BE CLEANED. WHEN WE ORGANISED A GUTTER CLEAN WE DISCOVERED RUSTED SPOTS THAT WERE CAUSING LEAKS IN THE GUTTERS. WE WERE ABLE TO HAVE THOSE SECTIONS REPAIRED, BUT IF THE GUTTERS WERE CLEANED REGULARLY THIS EXPENSE COULD HAVE BEEN AVOIDED.
It’s these little mistakes that end up turning into big expenses.
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