With rents stagnating throughout the country, landlords who decide to save a few bucks on maintenance could end up turning their investment properties into rental deathtraps.
The biggest insurance claims made by landlords according to Terri Scheer Insurance is for loss of rent, but executive manager Carolyn Parrella, said cutting costs on maintenance could have a bigger price and cost lives.
“Landlords really do have a duty of care to make sure the house they are providing for rent is safe for people to live in,’’ she said.
She said cutting corners on pool fencing, smoke alarms, and wiring could turn investment properties into death traps.
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