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Unoccupied residential property insurance: Essential factors landlords should consider

MRI Software

Thats where unoccupied residential property insurance comes inits designed to protect your investment when your property isnt actively in use. This guide breaks down everything you need to know about unoccupied residential property insurance and how to choose the right policy.

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Landlord’s guide to residential insurance: Key elements for protecting your residential properties

MRI Software

Owning rental properties can be rewarding, but without the right insurance, a single incident could cost you thousands of dollars. If youre renting out a residential property, protecting your investment isnt just smartits essential. In this guide, well break down everything you need to know about landlord insurance.

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Are Pet Deposits Refundable? What You Need to Know

Bay Property Management Group

Thats why landlords often ask for pet depositsto protect their property in the event Fido goes a little too far. Pet deposits are basically a landlord’s safety net, a form of informal “insurance.” O ur residential property management in Northern Virginia will break it down for you.

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Loss of rental income insurance: Essential coverage for every landlord

MRI Software

In fact, a 2020 report by the Joint Center for Housing Studies found that 41% of rental property owners depend on rental income for more than half of their household income. So, what happens when an unexpected event, like a fire or storm, leaves your property temporarily uninhabitable and your rental income at risk?

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Tenant default insurance for landlords: Safeguarding your rental income

MRI Software

This guide will walk you through everything you need to know about tenant default insurance. What is tenant default insurance? Tenant default insurance is a financial safety net for landlords when tenants fail to pay rent. Imagine owning multiple properties and suddenly losing a tenant in one.

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7 Ways a Property Management Company Makes Things Easier for Rental Homeowners

Real Property Management Choice

Regulatory compliance Ensuring compliance can be daunting for first-time buyers, as they may not be aware of the current regulatory requirements for renting and managing a residential property. That’s where a property management firm can save the day.

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What are occupancy costs?

MRI Software

Occupancy costs, also known as occupancy expenses, typically account for 35% to 50% of operating expenses for multifamily properties. These costs include rent, utilities, maintenance, property taxes, and insurance, making them a significant portion of your overall operating costs.