If I were to rent out each room individually in a 3 bedroom house in QLD, is there any insurance company that is willing to provide landlord insurance (AON, Suncorp, Elders, CGU all rejected the idea)? Is there any way that I can structure the lease such that it presents less risk to the insurance company?
I can either:
1) get 3 persons on 1 lease and they all become respsonsible for any damages to the property?
2) get 3 persons on 3 separate lease and possibly take out 3 insurance policies?
3) appoint a caretaker on the property and the lease is going to be in his/her name and then sub-let the other rooms?Cheers
johnWant to join financial independence before 31 years old, currently 25
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