If you own residential rental property, then you likely already know that you must wear many “hats.” For instance, you need to advertise vacancies, screen potential tenants, and collect rent (and security deposits). There is also the day-to-day maintenance items, such as making sure that the property is habitable (which can include things like no [...]
Owning rental real estate can be an expensive endeavor, which oftentimes requires taking on a hefty mortgage and entrusting the care of your investment to tenants (who are usually perfect strangers prior to renting from you). With that in mind, it just makes sense to protect your property(ies) from potential dangers that could cost you. Insurance [...]
Insurance is oftentimes considered a financial “necessary evil.” That’s because even though no one likes to pay any type of insurance premiums, when the time comes to file a claim, the benefits that are received are a welcome relief. So, as an investment property owner in Florida, are your tenants required to purchase renters insurance? In [...]
If you’re relying on rental real estate investments for a steady stream of incoming cash flow, the last thing you want to worry about is having to pay for costly damages or losses. With that in mind, it can be beneficial to purchase a landlord insurance policy. Landlord insurance is a type of coverage that [...]
In today's world, it's difficult to determine how a tenant relationship may (or may not) work out. For example, while a potential tenant may look great "on paper," and check out just fine with regard to income and credit score, it's still possible that they may end up causing some major damage to your investment [...]