Author Archives: Baily Sandage

Having a rental property can be a sizable source of income, but it also entails a tremendous deal of commitment. A competent management approach is required to ensure that your property is lucrative and well-maintained. In this article, we’ll give some unique methods on how to manage a successful rental property business, let’s get started.

Being an apartment complex owner can be both lucrative and demanding. To be profitable in this industry, you must know how to properly manage your business and safeguard it from potential threats. Here are some pointers to help you get the most out of your investment while minimizing hazards and risks.

As a South Carolina homeowner, you should have a comprehensive insurance policy in place to protect your property and finances in the event of an unexpected incident such as a fire, theft, or natural disaster. Nonetheless, the cost of homeowner insurance in South Carolina can vary greatly depending on several factors. Let’s go on to …

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Buying an investment property can be an excellent method for generating passive income and accumulating long-term wealth. Choosing the best state to buy a rental property in; however, can be a challenging task. Many variables should be considered, including rental demand, the local real estate market, landlord-tenant laws, and property taxes. In this blog, we’ll …

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Choosing the best flooring for your rental property can be a difficult task. Not only do you want your property to look good, but you also have to select a flooring option that’s long-lasting, low-maintenance, and affordable. In this post, we’ll explore the most common flooring options for rental properties and evaluate the advantages and …

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Safeguarding your rental property as a landlord is essential for ensuring a profitable and successful venture. Fortunately, with umbrella insurance, property owners can be provided with additional liability coverage in the event of an accident. This coverage is especially important for individuals with rental properties due to their high-risk nature. This blog post will go …

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As a landlord, you have the chance to provide housing to qualified renters in your area while also building a profitable rental property business. However, it’s important to recognize the duties that come with this role, such as maintaining a secure and comfortable atmosphere for renters and securing your property with the right insurance. This …

Continue reading “Your Guide to Being a Private Landlord”

Investment properties can be a terrific way to accumulate wealth and create a steady stream of passive income; however, they can be costly to renovate. Fortunately, there are ways to upgrade an investment property on a budget while still making it desirable to potential tenants. In this blog post, we will look at some suggestions …

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Landlords need to understand the kinds of losses that their rental property insurance policy covers. Flood damage is a potential problem for landlords as it can be costly to address and may lead to a reduction in rental income. This blog post will address how landlords can safeguard their homes from flood damage as well …

Continue reading “Is Flood Damage Covered by Rental Property Insurance?”

Creating a move-in/move-out checklist is an essential step for landlords seeking to safeguard their property and document the natural wear and tear of the rental. A thorough and detailed record of the property’s condition at the start and end of each tenant’s lease can effectively identify any damages or issues that may have occurred. In …

Continue reading “The Power of a Move-in and Move-out Checklist for Landlords”

As a landlord, you know firsthand how important it is to maintain your rental property and to keep up with the ever-changing needs of your tenants. Not only does routine maintenance help protect the structural integrity of your rental property and maximize its value in terms of resale potential or investment income, but it also …

Continue reading “The Importance of Routine Maintenance for Your Rental Property”

Being a hotel owner is a challenging but rewarding career. As the head of the establishment, it’s your responsibility to oversee all aspects of the business and ensure that your guests have a comfortable and enjoyable stay. The responsibilities of a hotel owner include managing staff, maintaining the building and its amenities, and staying on …

Continue reading “Understanding the Essential Responsibilities of a Hotel Owner”

As a property owner, you want to ensure that your property is protected and that your tenants are safe. You likely already have a general liability insurance policy in place to protect you from the common risks associated with owning a property. Unfortunately, this type of policy does not cover you in the event of …

Continue reading “Protecting Yourself and Your Property with Tenant Discrimination Liability Insurance”

As the holiday season gets into full swing, many property owners are decorating to spread some cheer and make their homes more desirable to renters. As I’m sure you know, this time of year tends to be the busiest and most profitable for vacation rentals. Therefore, with the holidays right around the corner, it’s time …

Continue reading “Safety Tips for Holiday Decorating”

Many commercial property insurance policies include language detailing steps that must be taken following a loss. Failure to fulfill these responsibilities can potentially lead to a claim being denied, a delay in claim payments, nonrenewal, or even cancellation of the policy. This article discusses typical duties required of insured by commercial property policies and the …

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An infestation of bedbugs or other similar pests can be damaging to your hotel’s reputation and can represent a liability risk. Bedbugs, spiders, ants, and other pests can be carried in on guests’ clothes and possessions–virtually no hotel is immune, and high-traffic facilities are at an elevated risk of infestation. Although most pests found in …

Continue reading “Safely Combating Insect Infestations in Hotels”

If you own a piece of vacant land, whether by inheritance or by investment, you must know that it’s vulnerable to several risks. So what’s the best way to secure your vacant land which is worth a lot of money? Insurance is the best way! You see, nothing is more successful than insurance in safeguarding …

Continue reading “Is Insurance Required for Vacant Land?”

Potential renters may find a private pool at a vacation rental to be a particularly alluring luxury. Pools, despite their potential popularity, come with a number of homeowner liabilities that must be addressed to prevent safety and legal issues. In order to maintain the advantages that a pool provides to your vacation rental, you as …

Continue reading “Swimming Pool Liability for Vacation Rentals”

Winter months bring more than just chilly temperatures and shorter days; they also have the potential to deliver winter storms that might blanket the landscape in snow and ice. While it may be a winter wonderland for some, as a rental property owner, snow and ice buildup can be quite the headache. If you deal …

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As fall and winter bring colder temperatures, the warm interior of your home can provide shelter, breeding spaces, and access to nourishment for household pests. Any pest invasion—flies, rodents, squirrels, wasps, ants, and various bugs—can cause property damage as well as health and safety hazards for any homeowner. Keep the following tips in mind when …

Continue reading “How to Keep Pests Out of Your Home This Fall”

Your livelihood is dependent on the survival of your business, so it’s imperative that you protect it against any potential threat. For instance, a fire could destroy your business’s warehouse and the contents inside, or a burst frozen pipe could damage important documents and valuable papers. Worse, you could have trouble paying your employees during …

Continue reading “The Basics of Commercial Building Insurance”

Renting a home does come with its fair share of advantages. You don’t have to worry about property taxes, and it doesn’t require a long-term commitment like buying a house does. However, even when living in a rented home, you still encounter some risks. Therefore, your landlord can require you to have a renters insurance …

Continue reading “Can a Landlord Require Renters Insurance?”

Almost every organization faces commercial liability exposures. Unfortunately, in these situations, there’s a possibility that an organization will become legally and financially responsible for injury, harm, or damage to another party. These exposures stem from the kind of work an organization performs and where that work is executed. They also encompass other aspects of business-related …

Continue reading “General Liability Exposures for Commercial Properties”

Owning a vacant building can pose serious liabilities because vacant buildings are more susceptible to vandalism, undetected repairs, fire, and other losses. If you own vacant property, it is advisable to purchase vacant property insurance, also known as vacant building insurance or vacant dwelling insurance, to protect against risks. In this article, we’ll discuss the …

Continue reading “A Guide to Vacant Property Insurance”

When you purchase new land or find yourself with unused land, it’s important to consider the risks that may accompany it. Trespassing and liability issues are constant threats on vacant land. The liability of an individual being injured on the property can be costly. To ensure you’re adequately protected, it’s important to understand the risks …

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One of the most common causes of water damage within your property is often preventable. After all, this form of damage isn’t always due to heavy rainstorms, flooding, or melting snow. Rather, water damage often stems from a lack of home maintenance. What’s worse, such damage is usually excluded from your homeowners coverage if the …

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You may be asking yourself, how can I create a passive income through Airbnb hosting? Well, it all starts with great hospitality. You can do this by simply providing a superb customer experience. By doing that your guests will be more inclined to keep coming back and more likely to recommend you to their friends. …

Continue reading “A Beginner’s Guide to Airbnb Hosting”

Real estate is one of the most lucrative markets for investors who want dependable revenue sources with little tax implications. It’s not like rental property owners don’t pay taxes like the rest of us, but they’re able to deduct their expenses from managing the property which in turn lowers their taxable income. So, despite the …

Continue reading “How Much Does Landlord Insurance Cost?”

Many people in the real estate investment industry are either overcharging or undercharging for rent. Therefore, as a landlord, how do you go about determining the appropriate rental price? This is an important question many rental property owners have since it’s a big determinant in your overall success. Not only do fair prices generate a …

Continue reading “How Much Can Property Managers Charge for Rent?”

Getting involved in the hospitality industry is an excellent way to establish a business and generate profit. However, running a successful motel is not something that happens overnight. Before you enter the industry, extensive planning, research, and so forth is required. Therefore, knowing the best practices for running a motel can help pave the way …

Continue reading “A Complete Guide to Running a Motel”

Your home is one of your greatest assets and a significant long-term investment. As such, it’s vital to protect your home and its contents with adequate homeowners insurance. Nevertheless, recent research found that many homeowners lack proper coverage. Nearly 2 out of every 3 homes in America are underinsured. This means that the home is …

Continue reading “How to Avoid Underinsuring Your Home”

The cost of condo insurance is around $500 per year on average. Keep in mind, this number is per unit. However, the rates could vary greatly depending on the coverage you select, your location, and so on. In this article, we’ll discuss the average cost of insuring your condo based on various factors. We’ll also …

Continue reading “What Does Condo Insurance Cost?”

We understand how hard it can be to find reliable tenants. However, the longer your property sits empty, the more likely a theft, water damage, or fire will occur. Therefore, vacant properties pose a huge problem for homeowners. In this article, we’ll discuss the various risks of leaving a property unattended, as well as several …

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People living in high-risk flood areas can experience substantial and costly damage. To protect your home and financials you need to purchase adequate flood insurance. Fortunately, these insurance policies come in all different forms so you can curate and customize one specific to your needs. In this article, we’ll discuss the cost of flood insurance, …

Continue reading “What Affects the Cost of Flood Insurance?”

Owning an apartment is likely the biggest investment you’ve made in your life. Therefore, being an apartment owner isn’t a job that should be taken lightly. When it comes to protecting your property, you need to establish a plan and consider what coverage options you need. We know you have a lot of time and …

Continue reading “Insurance for Apartment Owners”

Renting out a vacation home is becoming increasingly popular and an excellent source of income. However, it’s important to take into consideration that since you’re renting out your property for money your homeowners’ insurance won’t apply here. This is because rental properties involve more risk compared to the standard home. In that case, you’ll need …

Continue reading “What Does Vacation Rental Insurance Cost?”

Purchasing a rental property comes with its fair share of risks. One may hope their current homeowners’ insurance policy will also cover their rental; however, this isn’t the case. You see, rental properties have their own unique risks that a homeowners’ insurance policy won’t cover. Therefore, to protect yourself and your property, you’ll need to …

Continue reading “How to Save Money on Landlord Insurance”

If your business is in a physical location and you have employees then commercial property insurance is a must-have for you. These properties are vulnerable to all sorts of risks and damages, resulting from fires, storms, thieves, and so on. Regardless of the size of your business, surely there are several costly items inside which …

Continue reading “What’s Commercial Property Insurance?”

Did you know that Georgia is the second-fastest-growing state in the country? Because of its growing population and thriving economy, it’s become an extremely viable location for property investors. In fact, Georgia is well known as a very landlord-friendly state. However, it’s important to note, the state has its fair share of natural disasters. For …

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Running a hotel comes with its fair share of risks. For example, there are obvious liability concerns since 100 hundreds of people go in and out of your establishment every day. But it doesn’t stop there. So, if you’re a hotel owner, having insurance is crucial. Specifically, it’s important to have the right coverage to …

Continue reading “Insurance Coverage Hotel Owners Need”

Owning and successfully running a motel or hotel requires a lot of time, energy, and cash. Your building is likely your largest asset; therefore, adequate insurance is essential. Unfortunately, the pandemic has put a strain on the motel and hotel insurance market during the past couple of years. Many of the top carriers have exited …

Continue reading “Motel and Hotel Insurance FAQs”

Being a landlord is no walk in the park. Although it’s a great source of passive income, you’ll have to deal with some rather unpleasant things. For example, after one of your tenants moves out there could be a lingering odor from pets, certain foods, cigarettes, and even mold. Unfortunately, bad smells in your rental …

Continue reading “How to Get Rid of Bad Smells in Your Rental Property”

Many landlords can be pretty skeptical when it comes to allowing pets in their rental. This is because they have the potential to cause damage or harm someone else. Therefore, as a landlord, you must have a comprehensive pet policy for renters. This way you can avoid any lawsuits from dog bites or property damage …

Continue reading “Creating a Pet Policy for Renters”

The great thing about working in the hospitality industry is the unlimited opportunities. Being a hotel owner is one of the most popular careers in the industry. However, to be successful you must stand out against your competition and create valuable customer experiences. There are numerous ways you can go about it and we understand …

Continue reading “Hotel Owner Tips”

Investing in real estate is a fantastic business to get into. For example, it’s a great option as a passive income stream. However, you can’t just go buy a property anywhere and expect it to be successful. A lot of factors play into the profitability of a rental, such as the location. A desirable location …

Continue reading “The Best States for Landlords”

Being a landlord isn’t easy since you have to deal with numerous issues along the way. A constant worry of a landlord is keeping their tenants happy. An easy way to do so is by addressing tenant complaints quickly. Remember, happy tenants are more likely to stay longer and treat your property with care. Unfortunately, …

Continue reading “How to Deal with Tenant Complaints”

Becoming a landlord is a great way to create a passive income. However, becoming a landlord isn’t as easy as it sounds. Even if you properly screen your tenants, there’s always a chance of landing a problematic one. Difficult tenants can make your job very tough. Therefore, we’re discussing several problems you may encounter and …

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Hearing the word vacancy is a property investor’s worst nightmare. Typically, vacancies indicate a decrease in profits which affects your business as a whole. Ultimately, the less money you have to maintain the property, the less likely your tenants will renew their lease. Therefore, we understand the urgency to fill these spots as soon as …

Continue reading “Ways to Reduce Vacancy Rates”

Investing in commercial property results in higher returns compared to a residential property. Commercial properties come with longer lease tenures that increase by 4 to 5 percent annually. Plus, if you rent out a commercial property to a business then they’ll maintain, clean, and renovate it. While purchasing commercial property can offer you a slew …

Continue reading “Tips for Purchasing Commercial Property”

Apartment owners manage multifamily buildings with a large number of tenants. They play a key role in maintaining the building and making sure their tenants have a superb living experience. Due to the size of these complexes and their long list of responsibilities, being an apartment owner can be a challenging job. Managing an apartment …

Continue reading “Apartment Owner Tips”

Raising rent is a basic right of landlords but there are certain things that you should keep in mind. Rent increases can impact your property’s value and the lives of your tenants. An unjust rent increase can also land you in some serious legal issues, which could cost you thousands of dollars. Therefore, landlords should …

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Landlords play an essential role in the rental property business. Such as, they help you understand your lease, make repairs, and help maintain the property. However, property managers need to be aware of what they can and can’t do. Once a tenant moves in, you have limited control and have to abide by certain boundaries. …

Continue reading “What a Landlord Can’t Do”

Purchasing a property is a huge milestone you should celebrate. One of the best things about a home is once you sell it in the future you can make your money back plus some! You can do so by making changes and upgrades that boost your home’s value. The following methods can increase your property …

Continue reading “Easy Ways to Increase Your Property Value”

We are excited to announce that our very own Lauren Lieb has been featured in this quarter’s RENT Magazine! In Lauren’s article, she discusses the ins and out of multifamily insurance and what you can expect in 2022. “With 2021 behind us, it’s time to look forward and prepare for what lies ahead for the …

Continue reading “What to Expect in Multifamily Insurance in 2022”

Becoming a landlord is a great idea if you’re looking to generate passive income. However, being a landlord takes a lot of responsibility. Such as, you have to maintain the property and deal with tenant-related issues. We understand this process can be a bit overwhelming; therefore, we’ve compiled some tips for new landlords. Some helpful …

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Owning a rental property is a huge responsibility considering the amount of risk involved. Since a rental is typically inhabited by someone other than yourself, you can’t always rely on a tenant to take proper safety precautions. For example, someone could forget to lock the front door to your rental and a robbery occurs. Therefore, …

Continue reading “How to Secure Your Rental Property”

Pest infestations are a serious concern for the majority of property owners.  Such as, pests can pose a threat to the structure of your home and decrease its value. Having reoccurring problems with pests invading your property could lead to tenant retention issues. As a rental property owner, it’s your job to keep your property …

Continue reading “Pest Prevention Tips for Your Rental Property”

Investing in rental properties is a great way to generate some income. However, landlords have a lot on their plate. For example, they have to deal with tenant-related issues, purchase insurance, and maintain the property. Furthermore, there are many landlord insurance myths floating around. Making these mistakes can lead to financial burdens and confusion. So, …

Continue reading “5 Landlord Insurance Myths”

Investing in real estate is one of the best ways to create a steady income. However, it’s important to note that you can only achieve this goal by finding the ideal tenants for your property. Finding the right tenant for your property can be a challenging process. Nevertheless, there’s a simple tenant screening process that …

Continue reading “4 Steps for Conducting a Thorough Tenant Screening”

Landlords are typically held responsible for their property and what happens there. However, there are instances where the tenant can be held responsible for an incident that occurs. Furthermore, negligence is a prime factor in determining who’s liable for a crime or injury at the property. For example, if a landlord neglects to fix the …

Continue reading “Rental Property Liability Risks”

Second homes offer several benefits such as providing a place to relax with family, friends, or solo. It may also help owners earn some extra cash by renting it out when the home isn’t in use. However, owning a second home means you’ll also need to invest in different sorts of insurance. It doesn’t matter …

Continue reading “Second Home Insurance: Things to Know”

Becoming a landlord may sound like a lucrative solution for a passive income. However, there are a few things you should know before you rent your property. Make sure you take our tips and tricks into consideration to get the most out of your investment property. Let’s begin.

Buying a rental property for the first time raises many concerns and questions. You don’t buy properties every day, which makes it a significant financial decision in your life. You need to be sure that the property you want to buy is a profitable investment. Here are the FAQs to help you develop a foundation …

Continue reading “Rental Property Owner FAQs”

Often cold weather and snow accompany the winter months. Extreme weather conditions can take a toll on your property. Therefore, winterizing your rental property can help you avoid costly damages and repairs. By following the given tips now, you can spend less time and money on repairs, plumbing, and roofing during the spring. Hence, you …

Continue reading “11 Ways to Winterize Your Rental Property”

Buying a rental property is a great way to earn passive income on the side. We understand that purchasing and making a house a rental can be a stressful ordeal. So, we have a few helpful tips that can make purchasing a rental property easier. Often millennials prefer renting out a property instead of buying …

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Investing the time and money required to maintain and cultivate a positive working relationship with your tenants can be the difference between amicably settling differences and a costly lawsuit. Working on tenant relationships also creates value by maximizing tenant cooperation with timely rent payments, property upkeep and longer lease terms.

If you’ve had a fire, water damage or another unfortunate event in your home, don’t fret. We have all the information that you need to get your claim underway so you can get your life back to normal. Here’s how to navigate the claim’s process seamlessly.

Vacant properties are the easiest target for criminals and are often subject to theft, vandalism, and break-ins. That’s why protecting them is as important as your occupied home. If you don’t want to see your vacant property broken into or damaged, follow the tips below.

If you own a rental property, that means you have assets that aren’t covered under your conventional homeowners’ insurance. Not having proper landlord insurance can cost you a lot of money as your property may undergo unexpected losses. You can opt for landlord insurance for a wide variety of rental units, such as apartments, single-family …

Continue reading “Steps for Selecting the Best Landlord Insurance”

One of your main priorities as a landlord is to keep the occupancy rate of your property high. You can do so by screening your potential tenants to help decide who’s likely to stay the longest. The goal would be to retain your tenants as much as possible. Note that the rent amount you charge …

Continue reading “How Much Should I Charge for Rent?”

Are you aware of the massive rise in real estate investment opportunities in Atlanta, Georgia? Well, the real estate market in the region is rising rapidly, especially when it comes to multifamily real estate units. There are several reasons for this, such as the growing number of people and job opportunities coming to the area. …

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Rental properties are some of the most profitable real estate ventures that you can invest in. You can find the most appealing real estate residential properties and turn them into rentals for a continuous stream of income. The real estate business is highly competitive. Therefore, you should do your research in order to have a …

Continue reading “10 Features of a Profitable Rental Property”

Are you thinking about changing your home insurance company, but have no idea how the switching process works? If that is indeed the case, then there is no need to fret, as changing your homeowners insurance company is not a big deal. In this guide, you’ll learn the best tips for switching to a new …

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Purchasing a property is a huge milestone in one’s life. One of the fun things about having a home is you can make relatively cheap updates to freshen it up and make it feel like new. One of the main benefits of doing this is it can increase your property’s value in the real estate …

Continue reading “Cheap Ways to Boost Your Property’s Value”

If you want to achieve financial independence, renting out a portion of your home can be a good idea. Fortunately, doing so requires very little money on your part. In order to rent out a space, it needs to meet rental standards and codes. If your unit fails to meet standards, you can get yourself …

Continue reading “Should I Rent Out Part of My Home?”

The primary goal of a rental property is to generate profits that can turn your venture into a beneficial gig. But this can only happen if you know how to do careful financial planning. The right strategies can save you money on your rental property and help you avoid fluctuations in your margins. That means, …

Continue reading “How to Save Money on Your Rental Property Business”

Everyone can agree that real estate is on the rise due to increased demand for houses. People are on the lookout for affordable homes, but they encounter numerous challenges such as increasing real estate prices. Therefore, now is a good time for homeowners to rent out a portion of their home. A portion can be …

Continue reading “4 Things to Consider before Renting Out Part of Your Home”

Florida’s real estate market is one of the best in the United States. The weather there is quite sunny and warm throughout the year. Plus, the beautiful coastline will make anyone fall in love with the state. The latest report by One Sotheby’s International Reality suggests that home prices have reached an all-time high in …

Continue reading “The Best Locations in Florida for a Vacation Home”

What Does Flipping Houses Mean? Flipping a house usually means buying houses that need improvements, making those improvements, and then selling them at a higher price. These homes can require a lot of improvements and the buyer has to make wise renovation decisions in order to make a profit in the end. House flipping can …

Continue reading “5 Mistakes to Avoid When Flipping Houses”

One of the most common hazards in a rental property are broken or uneven stairs. For example, say you have an uneven step and your tenants falls and breaks their leg. Whose at fault? Can landlords be held responsible for their tenant’s injuries? To answer your question, it’s very likely you could be held liable …

Continue reading “Are Landlords Liable for Tenant’s Injuries?”

Despite its benefits and importance, homeowners insurance can be a confusing topic for many. It’s not uncommon for policies to have confusing language that can be hard to understand. As a result, many homeowners may be unaware of what their policy actually covers. According to a recent study by realtor.com, only 56% of people knew what …

Continue reading “Common Mistakes to Avoid With Your Home Insurance”

Fall is not just about cozy sweaters, colorful leaves, and cool breezes. For homeowners, it’s a reminder that winter is just around the corner. Landlords will need to winterize their property for the tenant. Winterizing your property for tenants is your responsibility, especially if your property is in a region that experiences longer, colder winters.  To …

Continue reading “Fall Maintenance To-Do List for Landlords”

The renowned co-author of “First-Time Home Buyer” and podcast host of Bigger Pockets Money, Mindy Jensen, needs no introduction. The popular figure is not only a host and writer, but also a licensed real estate agent. She has been buying and selling properties since 1998. Mindy is very passionate and dedicated to helping investors make …

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Buying a rental property is an excellent way to increase your cash flow. It also improves your overall net worth. However, that doesn’t mean that all investment properties make a profitable business. There’s many contributing factors that make a rental property a worthy investment. Here we’ve listed ten factors you should evaluate and consider before …

Continue reading “10 Things to Consider When Buying a Rental Property”

Owning and buying real estate is a lucrative investment strategy. Unlike bonds and stocks, prospective investors and real estate owners use leverage when buying a property. If paying the full sale price of a property upfront isn’t feasible, you can pay a portion upfront and pay off the remaining balance with interest over time. While …

Continue reading “Ways to Get Involved in Real Estate Investing”

For new investors, real estate is both an intimidating and enticing option. For beginners, making money through real estate investments can seem out of reach since they’re new to the business.  In reality, with determination and knowledge, anyone can invest in this venture and improve their cash flow. Whether you want to invest in a single-family …

Continue reading “Why Investors Should Get Their Real Estate License”

It’s worth mentioning that new constructions have several unique features when it comes to their insurance. If you neglect those features, you risk exposing yourself to numerous potential losses from theft, fire, and property damage. If you’re considering building a new property, this article can help you determine how much new construction insurance coverage you …

Continue reading “Do I Need Insurance for My New Construction?”

Most mortgage lenders require homebuyers to purchase homeowners insurance. While the policy is a requirement of your mortgage lender, it helps homeowners protect their property from damages and loss. That means even if you don’t have a mortgage, you would benefit from the policy. It’s important to remember that you must maintain your property according to …

Continue reading “Can My Insurance Company Cancel My Homeowners Insurance?”

If you use the terms “unoccupied” and “vacant” interchangeably, you’re not alone. Many people consider these words similar or synonymous with each other. Besides having literal differences, both terms have distinct meanings. It’s especially true when it’s about property insurance coverage. Note that insurance policies usually don’t have clear definitions for “unoccupied” and “vacant” properties. …

Continue reading “Vacant Home vs. Unoccupied Home: What’s the Difference?”

If you’re a property owner, you’re responsible for ensuring that your rental is safe, clean, and livable for tenants. Rental property insurance helps owners cover financial losses and potential risks that come with renting out a property. In general, renters aren’t responsible for application malfunctions, fires, injuries that occur on the property, or other things …

Continue reading “What You Need to Know About Rental Property Insurance”

The idea of making money from a rental property, without a doubt, is very appealing. It’s even more lucrative if you’re planning to quit your 9 to 5 job and enter the venture. However, no matter how attractive the idea may seem, becoming a landlord requires a lot more patience and nerve than other businesses. …

Continue reading “Want to Know if You Have What It Takes to Be a Landlord?”

If you own a condo, you need to insure its interior on your own. This is because the community area of the building is a shared responsibility of everyone living there. Condo insurance is crucial in order to cover damages or accidents that occur in your room. Most building will require you to get this …

Continue reading “How Much Condo Insurance Do I Need?”

Thousands of homeowners in Northwest Florida have been forced to buy a new homeowner policy. Gulfstream Insurance, a Florida-based insurer, has refused to pay homeowners’ unpaid claims and has warned them to cancel their policies in 30 days. Effective July 1, the state is all set to place the new limits on what insurers will …

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Homeowners insurance is a great help when you encounter incidents of any nature. However, understanding these policies is often challenging unless you seek the assistance of an expert. You must figure out precisely what’s covered in your home insurance policy and what isn’t. Here’s all you need to know about homeowners insurance and whether or …

Continue reading “Will My Homeowners Insurance Cover a Leak in My Roof?”

It’s no secret that property investment is a worthwhile venture. It may become even more profitable when you know the best locations to invest in. It’s worth mentioning that smart investors always consider contributing factors such as price, market trends, and housing demand before making a decision. It doesn’t end here, as several other variables, …

Continue reading “The Best States to Buy a Rental Property In”

There are numerous types of insurance plans to keep yourself and your belongings protected from unforeseen circumstances and accidents. However, when it comes to homeowners insurance, there’s disparity among people regarding its importance. This is why we will go deeper into the basics of homeowners insurance and tell you all there is to know about …

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Flooding in the US from tropical storms has become a pressing issue. Back in 2019 flooding related damages cost the country almost 4 billion. Therefore, more and more people are flocking to get insurance for their properties. Flood insurance is provided and regulated by the National Flood Insurance Program, which offers various plans according to …

Continue reading “Do I Need Flood Insurance for My Property?”

Many people are starting to remodel to stay up to date on the current home renovation trends. Though most homeowners insurance policies cover renovations, there’s some instances where they don’t cover things such as overhauls or remodeling. This is perhaps why the cost of home improvements have skyrocketed. From kitchen upgrades to simple remodeling, spending …

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Investing in real estate is an appealing option for many people. Who wouldn’t like to earn some passive income? If you’re a beginner and want to be successful with your investments, then you must consider the pros and cons. Investing in real estate isn’t always for everyone so it’s important to be knowledgeable and do …

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This might sound surprising, but around 4.5 million people are bitten by a dog every year. Approximately 900,000 of them have to seek medical treatment, according to the CDC. Note that dog bite claims can be expensive as each may cost insurers around $50,000. It’s worth mentioning that if your dog injures or bites someone …

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