Record breaking rain and snow from this past winter may have you wondering…Do I have to worry about flooding at my rental property? Flood Insurance for Landlords In most cases you standard homeowners insurance or landlord policy does not cover flood damage. Landlords will need a separate flood insurance coverage. The National Flood Insurance Program […]
When establishing yourself as a professional property manager, it is important to acquire appropriate insurance to protect your business, yourself and the properties you manage for others. Who needs property management insurance coverage? If you are involved in the following activities, it is important to have the right coverage and insurance policies: Renting or leasing […]
A surprising number of renters fail to hold a renters insurance policy to protect themselves and their personal property. Despite the relatively low cost, more than 50 percent of renters do not have renters insurance, according to a 2015 survey. A renters insurance policy offers coverage for the theft, loss or destruction of personal belongings […]
Despite the relatively low cost of renters insurance, research shows that more than half of America’s renting population does not carry renters insurance. Renters insurance can cover the cost for things like fixing damaged property from an overflowing bathtub, replacing a stolen TV or medical expenses if a guest hurts himself while in a renter’s home. […]
Property managers that thrive execute one thing very well: Efficiency. Because there are so many moving parts that go into running a successful rental business, property managers need have a system that keeps them efficient and effective. Property management software gives landlords and property managers a convenient solution to organize their rental business and streamline […]
Congratulations on making the leap towards owning an investment property. Real estate investments are often seen as one of the most reliable (and profitable) investment opportunities due to the tax benefits and income potential. However, a reliable and profitable investment will only become safe and lucrative if managed properly. A new landlord needs to take […]
Make a lasting first impression with a Rental Resume to make sure your landlord remembers you during the rental application process. Applying for a rental home can be as competitive as landing your dream job. The best properties will attract the most qualified tenants, and as a renter, the application process should be approached like applying […]
Landlords and property managers are required to follow their federal, state and local laws about informing tenants of policies, facts, and rules about the property. Any information that is shared with a renter about the property or a renter’s rights are considered disclosures. Landlord disclosures can either be included in the lease or rental agreement, […]
Picking the best property management software isn’t easy. Why? Because you’re constantly bombarded with misleading advertising, trumped up demos, and bad information … from high-pressure sales to overpriced platforms to promises of “one size fits all.” How do you ever find the software that’s right for you? You start by asking the best of the […]