renter’s insurance

Business Systems – Tips & Tricks

January 12, 2011

1/12/2011 When I teach classes I am always telling the attendees that managing a rental property is a business and needs to be treated as such.  Here are a few tips: Have a filing system – any system will work Current tenant files should include:  application, credit report, emergency contact info, copy of renters insurance [...]

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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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Property Management from A-Z: K

February 24, 2010

Keys – I am often amazed at how many property owners don’t want to rekey between tenants.  Here is my argument for doing so. You have no idea how many keys are floating around or who has them You are assuming a huge liability if anything were to happen to new tenant Tenant can’t get [...]

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Property Management from A-Z: I

February 21, 2010

Inspections & Insurance Inspections – How often and how detailed.  You should always do a detailed inspection with photos prior to tenant move in. Drive-by’s through out the year are fine.  If the yard is looking shabby you might want to schedule an inside inspection or send the tenant a quick note that the yard [...]

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