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Insurance

Homeowners aren’t the only ones that should have insurance on a rental property. In order to protect yourself and your belongings, renters should speak to their insurance company about renter’s insurance. I’d love to hear your questions or about your experience with renter’s insurance.

9/11 how does it relate to managing rentals?

September 21, 2011

We just observed the 10 year anniversary of 9/11. The take away for me was the reminder of how precious life is and the fact that our lives as we know it can be turned upside down in an instant.  So how does that impact owning rentals? We need to be prepared.  Once you own real [...]

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Fire! Fire! What To Do When You Get That Call

December 29, 2010

I just had a fire in one of my rental homes and thankfully the tenant had renters insurance.  Moreover, we had a copy of the owners insurance and were able to get in touch with the insurance company on behalf of the owner.  It is important that you are listed as additionally insured on the [...]

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The Christmas Tree Goes up in Flames – Now What?

December 6, 2010

The biggest tip I can give renters is to get Renter’s Insurance.  We include with our lease a recommendation for Renter’s insurance – addendum.  It costs only about $150 for the entire year.  Your iphone to replace is more than $150 so it is worth it. I have seen too many fires and the tenant [...]

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Protect Your Belongings

July 7, 2010

On the news this morning was a report of a rash of arsons on vehicles near downtown Santa Cruz.  Whenever I see a fire situation or a flooding situation on the news my first thought is, “I hope they have insurance.” With every lease we have tenants sign we have a Renter’s Insurance Addendum where [...]

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Georgiana Bruce Kirby – Senior Seminar – How to be a good tenant

April 30, 2010

As part of the senior seminar series I was asked to speak to the students about how to get their first apartment, what owners and property managers look for in a tenant. The class was on April 22nd, from 1-2:15 at the school.  About 40-50 students were in the class and all were attentive except [...]

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CALNARPM – Property Management Conference Summary

April 26, 2010

As many of you know I have been very involved in professional organizations for Property Management.  By participating and being involved I learn more and grow not only professionally but personally. April 12-15 in Concord at the Hilton, the California Chapter of NARPM (National Association of Residential Property Managers) had their annual state conference.  There [...]

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Property Management from A-Z: Y

April 14, 2010

Yearly Planning, Year-End Planning Yearly Planning – this should be done before the new year begins.  It should also be reviewed quarterly.  Again, this is your business, your investment.  What should be part of your yearly-planning?  Any turnovers coming up, what maintenance needs to be done this year?  Have a budget?  Taxes, Insurance, Mortgage, Utilities [...]

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Property Management from A-Z: X

April 12, 2010

Xerox and  X-check Xerox – copy documents, keep copies of all communication whether on your computer or printed and put into the file.  The main point here to document, document and document.  Have a filing system for your documents so you can find what you are looking for later.  Copies can always be sent to [...]

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