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.

Insurance 130
article thumbnail

Rhino Security Deposit Insurance for Tenants: Everything You Need to Know

Osprey Property Management

In today’s fast-paced real estate market, both tenants and property owners face a unique set of challenges. For tenants, especially those in the Virginia Beach area, the traditional security deposit can create financial strain. Osprey Property Management is thrilled to offer a modern solution: Rhino Security Deposit Insurance.

Insurance 243
Insiders

Sign Up for our Newsletter

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

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?

Insurance 147
article thumbnail

Fire insurance 101: What landlords & property managers need to know

Buildium

As a property manager, there are plenty of measures you can take to prevent fires at your owners propertiesregular inspection and maintenance of smoke detectors and fire extinguishers, tenant education on fire hazards, updating electrical systems and appliances, to name a few. But are landlord and renters insurance the only options out there?

Insurance 246
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.

Property 200
article thumbnail

A Safer Home: How Landlords Can Protect their Properties as Insurance Costs Rise

American Apartment Owners Association

Vice President & Branch Owner at All Solutions Insurance As property insurance costs inch up with inflation and rising maintenance costs, landlords are finding comprehensive and affordable insurance coverage increasingly difficult to secure and retain. By Seeta Bhandari, Sr. How much dwelling coverage do you need?

Insurance 246
article thumbnail

What Utilities Are Included in Rent: A Guide for Tenants

Bay Property Management Group

Oftentimes, landlords exclude them because of how much tenants’ usage amounts can vary, or because of provider-specific agreements. Heres what youll likely need to budget for: Electricity This is almost always the tenants responsibility since each household’s usage looks different from one another.

Utilities 130