Hello everyone, it’s Glen from 21st Century Group, investments, construction, property management, investments, investments. Oh sorry! I’ve said investments three times now. So okay fine. You know where I’m coming from. One of the questions a lot of folks ask me is about insurances with their investment property. All right. So we do a lot of house and land packages. One thing that’s very important is building insurance. You need to get building insurance. Well you have to get building insurance, because if you don’t the bank is not going to lend you the last payment for the investment. I’m talking about a house and land package. Okay. Another question which a lot of folks ask me is: Should we get landlords protection insurance? And the answer to that is 100% yes. All right? 100% yes. But I want you to think of it like this. Landlords protection insurance is not that expensive. Somewhere in the vicinity of let’s say $250 to $350 a year. All right? So it’s not that expensive but you need to get it. And I want you to think of it like this. Your car insurance costs you very much more than $250 to $350 a year. Okay? So there are not that many tenants from hell. Hence the reason why landlords protection insurance is not that expensive. So there are not that many. Yes, you’re going to get the odd one. Don’t get me wrong. All right? But you’re just covering yourself if you get the odd tenant from hell. If you know what I mean. Okay. But landlords protection insurance also doesn’t cover you just for the tenants from hell. Because a lot of things can happen with the tenant. Right? So it’s covering you for a variety of things that might happen with the tenant. Read on landlords protection insurance, find the best one that would suit you and please get landlords insurance. It’s a tax deduction so that’s fine as well. Okay. Once again, it’s Glen from 21st Century Group, investments, investments, construction, property management. If you liked the post please send it to all your friends and relatives and tell them about us, and what we do and if they’re looking at investing in property, please tell them to give me a ring or visit my website or email me. Thanks a lot. Bye for now.
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