Tips For Landlords In The Current Market
If you're a landlord right now, there are a few things you can do to make sure you come out the other side of this crazy time:
1. Double-check your insurance - make sure you are covered for building, contents and landlord.
2. Build up a savings buffer (if you don't already have one).
3. Talk to your property manager and create a plan if your tenant/s goes into arrears.
4. The government may allow you to freeze your loan if you have lost your job and you aren't receiving any rent.
5. If your tenant/s have lost their job - make sure they know what concessions they can receive from the government.
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