Home, Landlord and Tenant's Insurance Costs Rising A report by SPG Global shows US residential insurance costs are rising quickly and contributing to rent price increases. States such as Texas, Florida, Arizona, Colorado, North Carolina, Oregon have seen significant insurance rate growth. An insurance.com report has it that Farmer's Insurance Company raised premiums 19.3% by…
Tenants Insurance Covers Real Liability & Loss For a number of reasons, landlords and property managers are requiring their tenants to possess renters' insurance (tenants insurance). A key reason is that homeowner and landlord insurance doesn't cover all liabilities in case of accidents. Given the lack of housing available today, losing one's possessions and being…
What is Renter's Insurance? Renter's insurance is a policy with an insurance coverage provider. It's to help protect renters' personal property and liabilities in the event of an accident or disaster (i.e. fire, theft, etc.). Your landlord's insurance policy generally does not typically cover a rental tenants' possessions. Renter's insurance is inexpensive and is easy…
How To Prepare for Rental Property Emergencies Maintenance has always played a key role in daily property management, regardless the size of the property portfolio and the number of tenants being served. In addition to inspection and routine maintenance, management should develop a procedure to address maintenance emergencies at their properties. How to Handle a…
Lease Agreement 101 – Part 3 Following up on our previous posts on tenants lease agreements and tenant lease provisions, we want to explore the tenant lease agreement in greater detail. There are numerous lease provisions which landlords, particularly new landlords aren't fully aware of. Understanding the tenant lease agreement is critical because it is…
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