Robert J
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Robert J (by dino [CA]) Nov 20, 2021 10:56 AM
       Robert J (by Robert J [CA]) Nov 20, 2021 7:59 PM
       Robert J (by dino [CA]) Nov 21, 2021 10:46 AM
       Robert J (by Robert J [CA]) Nov 22, 2021 12:34 AM

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Robert J (by dino [CA]) Posted on: Nov 20, 2021 10:56 AM
Message:

On the surety bond you referred to, would it have paid out on unpaid rent or would that have also been a problem to receive??

--76.171.xxx.xxx




Robert J (by Robert J [CA]) Posted on: Nov 20, 2021 7:59 PM
Message:

The Bond was in leu of a "Security Deposit". So if the tenant caused damages that would have come out of the Deposit, then this type of bond would pay out. But the Bond was based on a 1 year lease. So the bonding company look for any excuse not to pay. This was a problem I had in 1990.... Since then I only accept an applicant if they have all of the money up front... --47.155.xx.xxx




Robert J (by dino [CA]) Posted on: Nov 21, 2021 10:46 AM
Message:

Robert,

Even if that bond would not pay for unpaid rent, I have seen others these days that will pay unpaid rent. Are you familiar with whether they are worth it and actually pay without trying to avoid their obligations??

--76.171.xxx.xxx




Robert J (by Robert J [CA]) Posted on: Nov 22, 2021 12:34 AM
Message:

I have shy'ed away from any of those rent insurance or bond schemes. While some like them I find too many restrictions and sometimes they limit the payout to 2 or 3 rental payments, then coverage is over.... So you don't get what you pay for. But you are free to find a good company that will provide you with ample protection. I just didn't like what I've seen. Instead I'll rent to only those who can replace a lost job in weeks because they have needed talents. --47.155.xx.xxx



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