Anyone ever dealt with rent default insurance?

[Matt M.]

Hi guys,

I just got an email from Avail offering rent default insurance. Anyone have any experience with this type of insurance product? I just quickly looked at one company and it’s about $25/month for up to 6 months rent.

[Eachan Fletcher]

Many landlords just starting out can't absorb a 3+ month gap in rental income if things turn super bad with a tenant - rare, but those finance payments still need to be made even if rent isn't coming in!  These products can provide comfort and make the difference between succeeding and failing as a landlord if the worst comes true.

By the time you have a larger portfolio you're less exposed - one tenant refusing to pay doesn't mean dipping into your personal finances to keep your investment alive.

I have some inside knowledge on how these products work, DM me if you want to hear more.