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Should Landlords Require Renters Insurance? A Helpful Guide

Osprey Property Management

Requiring renters insurance is a smart move for landlords. It protects your rental property, reduces your liability, and helps ensure your tenants are financially prepared if something goes wrong. In Virginia, renters insurance costs an average of just $127 per year (about $11 per month). The answer is yes.

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What Insurance Do I Need If I Rent Out My House?

Bay Property Management Group

Protecting whats yours is one of the most important parts of managing a rental property. And if youve been asking yourself, What insurance do I need if I rent out my house? Accidents happenits part of the game, and having the right insurance in place really matters. Homeowners insurance wont cover the lost rent.

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Tax accounting for rental property management: What landlords should know

Buildium

Note: This guide is intended to provide general information on rental property tax accounting. For specific advice on your own property or portfolio, speak with a tax professional that can examine your specific situation in detail. What Counts as Rental Income? Heres a quick breakdown of those definitions.

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What Happens If Someone Gets Hurt on Your Rental Property?

Bay Property Management Group

What happens if someone gets hurt on your rental property? As a landlord, you need to be prepared. Main Takeaways If someone gets hurt on your property because of something you did or failed to do, you could be legally and financially liable. What Happens if Someone Gets Hurt on Your Rental Property?

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Taking your time and doing your due diligence when considering a particular investment property will always be a crucial step. In the end, it can help you capture the perfect property with excellent ROI potential or it can save you from a drastic mistake. Congratulations, you are now a landlord, the owner of a great rental property.

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Spring Flooding at My Rental Property

Rentec Direct

With areas experiencing flooding already this season, you may be wondering… Do I have to worry about flooding at my rental property? Dive into what you need to know as a landlord and property […] The post Spring Flooding at My Rental Property appeared first on Rentec Direct Blog.

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How to Become a Tiny House Landlord

American Apartment Owners Association

Preparing your tiny home for tenants The aesthetics and style you choose for your tiny house rental property can have an impact on the type of renters you attract. This Airbnb insurance is called AirCover for Hosts and provides $1,000,000 compensation for property damage and a similar amount for third-party injury.