How Crockers' Rent Debt Guarantee Safeguards Your Investment
For Auckland landlords, one of the biggest risks to rental yield isn't just a vacant property—it’s the financial shock of a tenant falling into arrears. While many believe the bond is enough, the reality of high Auckland rents means that 4 weeks of bond can be exhausted long before the debt is settled.
Crockers’ latest article dives into our Rent Debt Guarantee, a specialised add-on designed to bridge that gap and provide landlords with a safety net that goes beyond standard property management.
Here’s how we protect your investment:
Extra Security Over the Bond: Learn how our guarantee provides up to $6,000 in additional cover on top of the tenant’s bond, providing a total safety net that can reach $9,000 or more, depending on the rent.
- Comprehensive Coverage: It’s not just about unpaid rent. Discover how the guarantee also covers Tribunal-awarded costs for property damage, cleaning, rubbish removal, and unpaid utilities.
- A Proven Process: Understand our proactive "Day 1" arrears system and how we manage the Tenancy Tribunal process on your behalf to secure the orders needed for a payout.
- Certainty in Uncertain Times: See why this product is particularly valuable for sudden life changes—like job loss or illness—that can push even the best tenants into arrears.
- Hassle-Free Recovery: Find out how Crockers pays you first and handles the debt recovery from the tenant afterwards, so you aren't left waiting for small weekly repayments.
Is your rental income protected against the unexpected? Ensure your investment stays an asset, not a liability you have to top up.
Read the full article here: How Crockers’ Rent Debt Guarantee Works