Attn: Landlords-Tenant Insurance Should Be Mandatory!

I just read a heartbreaking story about a young man whose rental house in Saskatoon burned down last week. He was renting a house in Saskatoon’s west side and had rented that home for approximately 6 years.

As a real estate agent in Saskatoon who often helps people buy investment property in Saskatoon I always advise people who are renting that they need to get tenant insurance. This poor guy not only lost all of his belongings, which he wasn’t terribly worried about as that has been overshadowed by the loss of his 2 cats that were adopted from the SCAT Program of Saskatoon, but he didn’t have tenant insurance to replace what he lost. While you cannot replace a pet and the pain of losing one does fade, he will have 6 years of clothing, furniture, tvs, games, etc that will need to be replaced and he will be starting from scratch.

As Saskatoon often does, the community comes together and holds ‘Steak Nights’ and one will be held at Beileys night club on Tuesday night.

If you are buying investment houses in Saskatoon I highly recommend you obtain a copy of your tenants insurance and set yourself up on a reminder schedule to ensure that they keep up with the tenant insurance. It isn’t very costly but it will save your tenants a lot of heart ache and loss if something ever were to happen.

If you are a current landlord in Saskatoon or you are looking to purchase investment properties in Saskatoon you should set up a system for ensuring your tenants are properly insured.

If you are interested in finding investments in Saskatoon contact me and I will be happy to help!

Kari Calder
Residential Real Estate Specialist
Century 21 Conexus Realty Ltd
Saskatoon
www.karicalder.com
karicalder@sasktel.net

This entry was posted on 18. December 2009 at 17:41 and is filed under Saskatchewan News, Saskatoon News, Saskatoon, Saskatoon Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.