Although many landlords see rental guarantee insurance as cash down the drain, in an ever-complex operational environment it’s worth exploring some of the benefits of taking out a policy like this… In the second quarter of 2018, 324 landlord possession claims were issued and 250 landlord possession orders were made every day. Although this may be cause for concern, few would deny that the processes behind vetting tenants these days is better than ever.  With more legally-watertight agreements alongside rigorous credit and employment referencing, landlords are more comfortable in the knowledge that their tenancies should run smoothly. What is Rental Guarantee Insurance and Why Take it Out? The premise behind Rental Guarantee Insurance (RGI) is that, if the tenants stop paying rent at any point, the landlord can make a claim.  The insurance company will then take the appropriate action... [Read More]

Please scroll down to see our conversation with Tom Glason, chief commercial officer at Goodlord – one of the PropTech heavyweights operating in the residential lettings industry… During our chat we covered the following themes: A broad overview of what Goodlord does plus what would incentivise lettings agencies and larger landlords to use the service; Why the organisation decided not to roll out this technology to smaller / portfolio landlords; How Goodlord works with both individual and franchise-based lettings agencies; The ‘build vs. buy’ argument – i.e. why would a larger lettings agency choose to implement Goodlord’s service, as opposed to creating an internal bespoke system themselves; How the technology is being implemented across the fast-growing build to rent space; Recognising the wide and varied nature of Generation Rent; Engaging with tech without over ‘dehumanising’ the process, credit checking and risks of deploying a... [Read More]