In some ways, owning a building as a landlord or owning a house as a homeowner have a lot in common. For example, both investments require some form of insurance, and while homeowners’ policies and landlord insurance policies share similar types of coverage, there also are some significant ways in which the two types of …
How Insuring an Apartment Building is Different from Insuring a House Read More »
If you’re a new landlord, you may be focused on preparing the property for potential tenants, along with marketing these spaces to them. Once tenants, are secured however, what is your responsibility to them? It’s important to understand your obligations as a landlord so not only protect your property investment, but also the relationships with …
Owning an apartment building sounds like it should be a fairly straightforward endeavor. If you’ve got the money to purchase a property, it really should be as easy as welcoming tenants into your building and reaping the financial benefits of a successful business. As with all businesses, however, running an apartment building doesn’t always go …
When an investor purchases a property with an eye toward renting out units to long-term tenants, what ideally would follow is the steady population of that building with reliable, high-quality tenants that love their apartment, pay their rent on time, and plan on staying put. These people aren’t unicorns, and they can find their way …
Landlord Tips: Attracting and Keeping High-Quality Tenants Read More »
While just about every landlord understands that occasional apartment building maintenance is necessary to maintain a functioning, desirable rental property, spring is an especially good time to undertake some of those responsibilities since winters can be so punishing for buildings and the systems that allow those buildings to run smoothly. As winter wraps up and …
Owning and managing an investment property can be an incredibly profitable endeavor, but there also are a myriad of different ways that things can go wrong for a landlord. It is for this reason that landlord insurance exists in the first place, though here at Insurance by Castle, we find that many aspiring property owners …
Owning and running a rental property can be a profitable business, but it also comes with potential complications. Just like with typical home ownership, all sorts of things can go wrong with a property, and it gets even stickier when a landlord has to work with multiple tenants in a building, any of whom could …
There are many different reasons a tenant may want to break a lease early, whether it’s because they are ready to purchase a property instead of renting, or they got a new job and are moving to a different area. In any event, as the landlord it never is ideal to lose a tenant. As …
One of the reasons fire insurance is included among most renter’s insurance for apartment owners is that all people need to be protected financially in case of a fire. In an apartment building, a fire could destroy an entire structure, and it all could have been caused by another renter. Knowing this, it is imperative …
Tips for Apartment Owners to Prevent Fire Hazards Read More »
No tenant will ever be especially excited to discover that a landlord has raised the rent, but a landlord can have a number of reasons for deciding to make that call for a property they own. Landlords need to turn profits on their buildings, and sometimes rising costs in other areas mean boosting rent for …
