Are You Covered?

The right insurance can make all the difference in protecting your rental property.

Landlord Insurance - When you purchase a rental property you will also need to purchase insurance to cover it. Homeowner's insurance will likely not cover what a landlord's policy will. You will want to do your homework, not only on what will need to be covered, but also on the best types of insurance to invest in.

Renter's Insurance - Landlord insurance will handle the property itself and anything that you supply with it, but it won't cover the possessions that you tenant brings in with them.  Requiring your tenant to purchase renter's insurance is an excellent way of protecting both your own investment and theirs.

Explaining Renter's Insurance to Your Renter - While renter's insurance may not cost a great deal (and can save them a lot of money if the worst happens!), your tenant may not understand that if they've never purchased it before. If you need a few key points to sell your tenant on the idea, check out the article above.

Posted on Jun 09, 2016


Rental Property Deductions

Owning a rental property means that you are a business owner and property owner at the same time. Because of this, the owner must be aware of key rental property deductions that you can take every... More

How Do You Fix Frozen Pipes

Despite the best efforts of a tenant or a home owner, sometimes very cold weather can cause even the best pipes to freeze. When this happens, the issue can be fixed, but it is going to take some time.... More

Selling A Rental Property With Tenants

Selling a rental property with tenants may be very straightforward; having a tenant in place can make for an unpleasant selling experience. Most real estate professionals will recommend allowing a... More

Using Social Media To Promote An Exclusive Property

Social media has become a powerful tool for property owners, providing a platform for targeted, direct communication between potential clientele and landlords. Just a few of the nifty features social... More

The Eviction Process in New York City

Evictions in New York City generally fall into two distinct categories, and each has its own process that must be followed precisely by the landlord. The most common reason for eviction is nonpayment... More

5 Easy Ways to Utilize Content Marketing for Off-Season Property Marketing

Seasonal rental trends may make you concerned about maintaining your overall cash flow and minimizing vacancies. One way to prepare for slower seasons is to look at your property marketing strategies... More

Four Ways to Entice Tenants to Stay

When you've found reliable tenants, you want them to stick around. Flipping your rental unit can be both a hassle and an expense; in addition to seeking out new tenants, you also need to ensure... More

5 Engaging Landlord Marketing Strategies to Attract Interest During Slow Periods

It's frustrating to enter into an off-season if you have properties empty. The end of the year is one of the biggest slow seasons, but any time of the year is fair game for vacancies. Leases end... More

7 Fantastic Property Management Marketing Ideas

To be a successful property manager, you've got to be able to market those properties under your control to potential tenants in a successful way. If you can't get people inside those... More

6 Tips for Writing Property Management Marketing Letters

The key to any essential business opportunity is to form relationships with potential prospects. Without a relationship, most business opportunities are going to be ignored. In the world of property... More