Attention Property Managers of WA: Don’t Let 2024 Residential Tenancy Changes Catch You Off Guard
With the new Residential Tenancy Act changes now in effect, it’s time to think about how these updates could impact your landlords—and your business. The changes, which now allow tenants to make minor alterations and keep pets in most cases, sound great in theory. But as we know all too well, they can leave landlords vulnerable when things don’t go as planned.
What’s at Stake?
Under the new rules, tenants are responsible for “making good” on any damages or changes to the property. However, in practice, this doesn’t always happen. Bonds remain unchanged, meaning landlords can quickly find themselves out of pocket when the cost of repairs or unpaid rent exceeds the bond. These situations can be stressful, costly, and time-consuming to resolve.
Why Landlord Insurance Isn’t Always Enough
While landlord insurance is an essential tool that we recommend all landlords have in place, it’s not a perfect safety net. Policies often come with exclusions and excesses, which can leave landlords paying out-of-pocket expenses even when insurance covers part of the loss. That’s where we come in.
Introducing Protect & Collect
Our Protect & Collect subscription is designed to fill the gaps that traditional landlord insurance leaves behind. For just $77 per year, landlords can enjoy comprehensive protection with no excesses and no exclusions. It’s also tax-deductible, making it a smart, affordable way to safeguard against the unexpected.
From unpaid rent to property damage, Protect & Collect ensures landlords are fully covered for any out-of-pocket expenses. It’s peace of mind in a simple, affordable package.
Why This Matters for Property Managers
As a property manager, your reputation and success depend on how well you protect your clients’ investments. By offering solutions like Protect & Collect, you’re not just managing properties—you’re building trust and adding value. With the 2024 tenancy changes creating new risks for landlords, there’s no better time to go the extra mile.
Let’s Protect What Matters
Don’t let your landlords get caught unprepared. Reach out today to learn more about how Protect & Collect can make your job easier while keeping your clients happy and protected.
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