Sometimes you plan on being a landlord as a business venture and other times it just happens. Maybe you inherited a property or you only decided to rent your home because you couldn’t sell it, but whether or not you make a living from rental income, you need landlord insurance. Here’s why it’s important. 1. …
Keeping your rental property clean and updated not only improves the value of the property, but it also helps to attract and keep better tenants by allowing you to charge higher rent. Before you break out your wallet, make a plan of action by prioritizing what needs to be updated in your unit and how …
Tips for Updating Your Property to Attract Renters Read More »
With its sunny weather, cultural attractions and natural beauty, it’s no wonder the Golden State has the largest population in the US. High real estate prices prevent many people from becoming homeowners leaving almost half of homes in California as rental properties. With traditionally low vacancy rates, it’s a good place to be a landlord. …
A common misconception is that a property insurance policy is the same thing as a landlord home insurance policy. The key difference between the two types of policies is that a standard home insurance policy only protects you if you live on the premises of the rental property. However, if you live offsite as most …
What are the Most Important Clauses in a Landlord Insurance Policy? Read More »
Whether damage was caused intentionally or by accident, dealing with property damage is a challenge many landlords face. When trying to protect your investment and minimize further damage, landlords must accept that some damage is to be expected as part of normal use, while deliberate damage is something that needs to be handled accordingly. Accidental …
Tips for Landlords on How to Deal with Property Damage Read More »
As a landlord and property owner, you often face unexpected surprises and issues that pop-up with your residential rental properties. While landlord insurance is not required, it’s a wise choice to have if you regularly rent out your property (and don’t live on the premises). Landlord insurance is designed to protect you from loss of …
How to Get the Most Out of Your Landlord Insurance Read More »
Determining what poses a risk to your properties largely depends on the location. While it is particularly important as a landlord and property owner to identify these risks to the best of your ability, keep in mind that every situation differs from the next. Your property is a large financial asset that you should strive …
Finding and keeping good tenants is not the easiest thing to accomplish. But, all you really need is a good screening process, or formula you follow to find, and hang on to your dream tenant. Try these five easy steps next time you are faced with renting a property. First, be sure you, as the …
The way you appoint your rental property has a lot to do with the ongoing property management costs. Usually, before you can rent your property you must paint, change carpeting, and perform any necessary repairs to get your property ready to rent. This article contains a few tips to help ensure your transition between tenants …
Renting your townhome for the first time is a big step. So, where do you start? The following five things should be considered carefully before proceeding with process of becoming a landlord for the first time. But, before you start on these five steps, be sure to procure your landlord insurance policy from Insurance by …
Five Things to Consider Before Renting Your Townhome Read More »
