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. Homeowners insurance wont cover the lost rent.

article thumbnail

How to Budget for Utilities and Hidden Rental Costs

Real Property Management Evertrust

From utilities and security deposits to holding the proper insurance, spending can quickly add up. For single-family homes, the amount of a security deposit is typically matched by one or two months’ rent. Some landlords require renters’ insurance, while others don’t really care.

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 Does SFH Mean in Real Estate?

Bay Property Management Group

SFH stands for a single-family home. It’s a detached house built for one family, with no shared walls or spaces. These homes usually come with their own yard, driveway, and a little more privacy than apartments or condos. Single-family homes remain a favorite for so many people, and it’s easy to see why.

article thumbnail

What Is a Fourplex? A Practical Guide for Property Investors

Bay Property Management Group

It can offer you many advantages that single-family homes and larger multi-family ones simply can’t replicate. Here are some of the bumps in the road you might encounter: Higher Upfront Costs Acquiring a fourplex typically requires you to scrape up more money upfront compared to buying a single-family home.

article thumbnail

Choosing the Right Property Manager

California Leasing & Management

Entrusting your valuable single-family home or residential building in Los Angeles or Ventura County to a property management company is a significant decision. Do they have an in-house maintenance team or a network of vetted, licensed, and insured contractors? The wrong one can lead to costly mistakes and headaches.

article thumbnail

The Pros and Cons of Different Property Types: Which Is Right for Your Columbus Rental Strategy?

RL Property Management

Whether it’s a single-family home, a duplex, or a small multi-family unit, each property type comes with its own unique set of benefits, risks, and management needs. They’re easier to finance , simpler to manage, and typically located in stable, family-friendly neighborhoods where tenant demand remains consistent.

article thumbnail

The 5 best rental markets in Illinois for investors & property managers in 2025

Buildium

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.