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User Stats

134
Posts
15
Votes
Peter Sik
  • Los Angeles, CA
15
Votes |
134
Posts

Landlord Protection Plan, worth it?

Peter Sik
  • Los Angeles, CA
Posted

My property rent for $1250 and my previous tenant (leased for 6 years) moved out and I have to spend like $11000!!! to fix/replace what damaged/ worn out this and that...... 

Just found a company selling Landlord Protection plan  https://surevestor.com/pick-a-plan/  What to hear any of you have experience of this and is it worth of using this plan?

Account Closed
  • Investor
  • Columbus, OH
1,769
Votes |
861
Posts
Account Closed
  • Investor
  • Columbus, OH
Replied

It looks like it only covers malicious damage... no red wine spills, no pet damage, no dirty living, no wear and tear.. Just holes punched in walls, concrete in drains, intentional fires, cabinets torn down, etc.. They also require professional property management and dont insure rentals collecting less than 1000 per month.

User Stats

377
Posts
378
Votes
Brad Larsen
Pro Member
  • Property Manager
  • San Antonio and Austin, TX
378
Votes |
377
Posts
Brad Larsen
Pro Member
  • Property Manager
  • San Antonio and Austin, TX
Replied

It's worth looking into as that company was modeled after the same business in Australia which was and still is wildly popular.  Nothing will cover all damage, but knowing the really awful stuff could be covered is atleast some piece of mind for the small price you pay.  

  • Brad Larsen
  • Vacasa logo
    Vacasa
    |
    Sponsored
    We do the work. You get the ROI. We do it all for your vacation rental. All—marketing, pricing, guest requests, housekeeping & more.

    User Stats

    27,155
    Posts
    39,983
    Votes
    Nathan Gesner
    Property Manager
    Agent
    Pro Member
    • Real Estate Broker
    • Cody, WY
    39,983
    Votes |
    27,155
    Posts
    Nathan Gesner
    Property Manager
    Agent
    Pro Member
    • Real Estate Broker
    • Cody, WY
    ModeratorReplied

    Surevestor is a good option if you meet the requirements. It would have cost you a lot less than the $11,000 in damages left by your tenant!