All Forum Posts by: Tony H.

I wanted to share this service I just found out about, it covers sewer line repairs up to $8500 for a ridiculous monthly fee from $5 to $9 depending on the City the home is in. No Deductible! I looked into it thoroughly and it is 100% legit, I am absolutely amazed by this and only wish I knew of it earlier, I just signed up my rentals!

https://awrusa.com/

https://www.slwofa.com/

Nancy, which company did you use? 

I just spoke with the Michigan Realtor Hotline's attorney and he confirmed we only need 1 bond.  I have a call into my auto and landlord insurance agency (Allstate) to find out if they can issue me a bond....will update after I hear back.

Exactly!  FYI.. A 25k bond is $100 a year!  So it would be great if I could use the 5 rental security deposit  amounts for less than 10 bucks a month! 

I was interested in buying a surety bond to cover my security deposits and was wondering if I need to purchase a bond for each security deposit or can I purchase 1 bond to cover say 5 rental security deposits.  I have called the State and asked a broker but no one seems to know the answer.  Here is a link to the state statue:

Michigan Legislature link

Thanks!

Tony