Remove Insurance Remove Landlord Remove Tenant
article thumbnail

5 security deposit alternatives to reduce vacancies and attract tenants

Buildium

Decreased vacancies for landlords: Offering flexible options can open the door to more qualified applicants, especially those who might be held back by a large upfront deposit. You’ll also likely have to have a separate agreement on file outlining your relationship with the third-party provider, as well as the tenants.

article thumbnail

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. Here’s why.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Bay Property Management Group

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. Read along to learn what each option covers and how to choose the right insurance for your rental. youre thinking like a true business professional.

article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

These factors can affect a propertys value and its appeal to tenants. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. That means that if one tenant moves out, you will still receive income from the other tenants.

article thumbnail

How to Become a Tiny House Landlord

American Apartment Owners Association

On average, the units have been rented out within 30 days and there have been minimal concerns from existing tenants. 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. Can tenants have parties or pets?

article thumbnail

What Happens If Someone Gets Hurt on Your Rental Property?

Bay Property Management Group

As a landlord, you need to be prepared. In the meantime, your tenant’s renter’s insurance can help cover the costs. That said, if the tenant or a guest did something to cause the accident, then that could be a whole different story. What happens if someone gets hurt on your rental property?

article thumbnail

Renters’ Liability Insurance: What It Is and How It Works

Bay Property Management Group

Thats where renters’ liability insurance comes init helps cover these unexpected costs. If you’re wondering what renters’ liability insurance is, how it works, what it covers and costs, and most importantly, whether you truly need it, we’re here to help. What Is Renters’ Liability Insurance?