MRI Software

MARCH 5, 2025

This guide will cover what landlord liability insurance is, why its essential, and the key benefits it offers. What is landlord liability insurance? Landlord liability insurance is a type of coverage designed to protect property owners from financial losses due to accidents or damages occurring at their rental property.

Insurance

Forbes Business Council

JUNE 5, 2025

While many insurers have implemented generative AI for operational efficiencies, some are just scratching the surface of what this technology can do.

Insurance

Bay Property Management Group

FEBRUARY 20, 2025

In the meantime, your tenant’s renter’s insurance can help cover the costs. Get ready for insurance claims If anyone gets hurt because of something you did or didn’t do with the property, they might file an insurance claim against you. What Happens if Someone Gets Hurt on Your Rental Property? so much more.

Rental Property

Beach Front Property Management

MARCH 26, 2025

Ensuring Financial Preparedness and Insurance Coverage Financial preparedness ensures stability and confidence during unexpected situations. By embracing these advancements, property managers can ensure a safer, more resilient environment for residents.

Property Management

Rental Housing Journal

APRIL 3, 2025

Will allowing all dog breeds affect our liability insurance? Many property insurance policies do not impose breed restrictions. If your current provider does, there are alternative insurers without such limitations.

Insurance

Rental Housing Journal

JUNE 24, 2025

Many landlords require renter’s insurance, but others are still not requiring it or verifying it, according to a new study. Smaller landlords are 60% more likely to require renters’ insurance than landlords with larger portfolios.

Insurance

HOA Managememt

FEBRUARY 14, 2025

Finally, the new board members must have access to the HOA’s insurance policies. It also gives the new board a chance to evaluate the decision to renew or terminate existing vendor agreements. As with vendor contracts, reviewing current policy coverage levels and upcoming renewal dates is vital.

Attorney

Buildium

FEBRUARY 10, 2025

Keeping detailed records of the issue, actions taken, and communications can be vital for insurance claims and legal compliance. For instance, photographing water damage and logging repair efforts can support your insurance claims. Documentation Document everything meticulously.

Property Maintenance

Buildium

MAY 29, 2025

You dont have to: Dig through file cabinets Sort through email chains Ask your team who last had the document Leases, correspondence, work orders, receipts, insurance certificatesits all right there. In a digital system, all of that lives in one place and is searchable.

Property Management

Condo Control

JULY 21, 2025

Teams also have to worry about the rising costs of insurance, utilities, labor, etc. Investing in FDIC-insured money market accounts and certificates of deposit (CDs) is often recommended since these are low-risk options. The cost of everything has gone up, forcing leaders to get creative.

Management

InveServe

JULY 9, 2025

Gross Lease (or Full-Service Lease) Here, a commercial property tenant pays one flat monthly fee, and the property owner covers most, if not all, of the building’s running costs, such as property taxes, insurance, and common area maintenance (CAM) fees. The property owner still handles insurance and CAM.

Commercial Property

Yardi Breeze

JULY 22, 2025

For example, a client can track insurance numbers or vendor details using custom fields. Custom Reports reduce manual entry and make it faster to get the information you need in the format you want. Additionally, custom reports work with custom data tables in Yardi Breeze Premier.

Property

Touch Stay

APRIL 4, 2025

Why Airbnb hosts need specialised insurance As an Airbnb host, you're running more than just a property - you're operating a hospitality business. Standard homeowners' insurance simply won't cover the unique risks that come with short-term rentals.

Insurance

Genuine Property Management

MAY 7, 2025

From safety regulations and maintenance to liability and insurance, theres a lot to consider before handing over the keys. Renting a house with a pool in California can be a great investment thats highly appealing to potential tenants. But with that added luxury comes increased responsibility.

Rent

Buildium

FEBRUARY 10, 2025

Common legal challenges include tenant complaints, non-compliance fines, and insurance liabilities. Minimizing legal risks requires maintaining proper documentation, conducting regular inspections, and staying updated on relevant regulations.

Property Maintenance

Buildium

JANUARY 27, 2025

Extreme weather events: Floridas vulnerability to hurricanes and rising sea levels has raised insurance premiums and made it more difficult to find an insurance provider within the state. However, high property prices can also act as a barrier to entry for some. Multifamily Cap Rate (Q2-24): 5.3% GDP Growth (2022): 11.6%

Property Management

Zeevou

MARCH 19, 2025

Insurance and Liability Considerations Insurance is crucial when expanding your property management business into new markets. Ensure your properties have adequate coverage, as platform-provided insurance, like Airbnbs host protection , may not be enough.

Property Management

Real Property Associates

JUNE 26, 2025

When your unit sits empty, you’re not just missing out on rent, you’re also covering fixed costs like mortgage payments, property taxes, and insurance without any income to offset them. In a high-cost city like Seattle, even a short vacancy can have a serious impact on your bottom line.

Lease

Lula

JUNE 10, 2025

Supporting over 250,000 rental properties, Lula combines AI with a network of 7,000+ vetted, licensed, and insured service professionals to streamline maintenance requests for property managers—delivering fast, reliable service and real-time job visibility.

Maintenance

Lula

JULY 8, 2025

Lease-attached services like internet and renters insurance are highly valued, with nearly 80% of renters open to paying additional fees for such conveniences. Furthermore, digital move-in services significantly enhance satisfaction, with 81% of renters finding online platforms useful during the move-in process.

Property Management

Buildium

JULY 16, 2025

Risk Management and Safety: Implement security policies, manage insurance requirements, prepare for emergencies, and minimize liability. Resident Relations and Customer Service: Develop communication skills, conflict resolution techniques, resident retention methods, and community-building activities.

Apartment Management

Buildium

JUNE 25, 2025

Create a detailed monthly budget covering maintenance, staffing, utilities, marketing, taxes, insurance, and office operations. Verify licenses and insurance before work begins. Work closely with your insurance agent to confirm coverage for liability, property damage, rent loss, and legal defense.

Apartment Management

Buildium

JANUARY 21, 2025

Even as the pace of inflation has slowed down, expenses like labor, materials, and insurance remain higher than they once were. 3 in 4 survey respondents agreed that prices had increased most in four areas of the business: costs for third-party vendors, property insurance, property taxes, and materials and supplies.

Property Management

ADDA

MAY 29, 2025

Restricted Fund : Funds designated for specific uses, often originating from insurance claims or donations. Special Assessment Fund : Temporary collections for one-time projects, such as clubhouse renovations. Keeping these funds separate prevents costly mistakeslike accidentally spending your roof repair budget on lobby paint.

Finance

Rental Housing Journal

APRIL 22, 2025

By Jason Jones SVP, Risk Management The National Real Estate Insurance Group Exclusions outline what your insurance policy does not cover. Insurance covers sudden, accidental damage, not gradual or preventable issues. As insurers differ, policy language may mention mold, organic pathogens, mycotoxins, or penicillium.

Insurance

Schofields Insurance

MAY 29, 2025

There are ongoing costs related to owning a holiday home, for example, taxes, utility bills, insurance, hiring a property manager, maintenance etc. These can not only damage your property and cut your letting season short but also lead to increased insurance premiums.

Broker

Bay Property Management Group

FEBRUARY 11, 2025

Additionally, inquire about renters insurance requirements, potential rent increases, and pest control policies to avoid unexpected expenses and inconveniences. Is Renters Insurance Required? Some landlords require renters insurance, which can protect your belongings in case of accidents. How Are Maintenance Requests Handled?

Apartment

AirKeeper

MAY 6, 2025

Staying compliant with licensing, insurance, and occupancy regulations can be time-consuming and confusing, especially if you’re managing multiple properties. Expertise in compliance and regulations Navigating council rules, insurance requirements, and strata by-laws is part of the job.

Professional Property Management

Buildium

MAY 15, 2025

List your expected rent income and subtract all expenses, such as your mortgage, taxes, insurance, maintenance, and vacancy periods. And don’t forget to update your insurance to landlord coverage it’s designed to protect rental property owners more thoroughly than a standard homeowners policy.

Property Management

Bay Property Management Group

FEBRUARY 26, 2025

Insurance Premiums Any money you spend on insurance for your rental property can be deducted from your taxable income. Legal and Professional Fees As a landlord, any fees you pay to your property managers, accountants, lawyers, or tax professionals are deductible business expenses.

Rental Property

Buildium

JUNE 12, 2025

Insurance company State Farm has been based in Bloomington for more than a century, and it remains the city’s top employer to this day, followed by fellow insurance company Country Financial. Louis, and is considered a transportation hub within central Illinois due to the number of interstates that pass through the area.

Property Management

Muldoon Associates

JULY 17, 2025

The recent legislation also addresses dog breeds and insurance. Under the new laws, insurance companies are not permitted to discriminate against what they perceive to be dangerous dog breeds.

Landlord

Authority Property Management

MARCH 14, 2025

Generate Passive Income and Build Long-Term Wealth Renting out your home can create a steady stream of passive income, which can help cover the mortgage, property taxes, insurance, and maintenance costs. Insurance and Property Taxes Both expenses can be written off as part of your rental property's operating costs.

Rental Property

Thanks For Visiting

APRIL 29, 2025

” Let’s look at what you really need to know about short-term rental insurance so you do not get left high and dry. Many hosts dont realize that Aircover is not an insurance policy in your name. 5 Critical Things About Short-Term Rental Insurance 5 Critical Things About Short-Term Rental Insurance 1.

Insurance

InveServe

MAY 8, 2025

When you own a California rental property, insurance is more than just a checkboxits a key part of your financial safety net. But landlord insurance policies can be confusing if youre not sure what each section means or how it protects you. What Is Landlord Insurance and Why Is It Different?

Insurance

American Apartment Owners Association

FEBRUARY 4, 2025

Potential Liability: Beginners could have less experience with larger automobiles, which also makes their driving more error-prone, hence more likely to raise costs in insurance policies. And then there is insurance. They often address accidents, damages, and liability beyond what is included in your basic auto insurance.

Property Management

California Leasing & Management

JUNE 11, 2025

Do they have an in-house maintenance team or a network of vetted, licensed, and insured contractors? How Do You Handle Property Maintenance and Repairs? Understand their process for both routine and emergency maintenance. What is their typical response time for tenant requests? How are repair costs approved and communicated to you, the owner?

Property Management