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What Happens If Someone Gets Hurt on Your Rental Property?

Bay Property Management Group

In the meantime, your tenant’s renter’s insurance can help cover the costs. Get ready for insurance claims If anyone gets hurt because of something you did or didn’t do with the property, they might file an insurance claim against you. What Happens if Someone Gets Hurt on Your Rental Property? so much more.

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Lessor vs. Lessee: How Are They Different?

Bay Property Management Group

They both come from leasing; a lease agreement where one person lets another use their property in exchange for payment. For instance, if a landlord rents out an apartment, they’re a lessor making a rental agreement with a tenant (lessee). Lessor vs. lessee have completely different roles in a lease agreement.

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Do I need landlord liability insurance? key benefits and tips for adequate coverage

MRI Software

This guide will cover what landlord liability insurance is, why its essential, and the key benefits it offers. What is landlord liability insurance? Landlord liability insurance is a type of coverage designed to protect property owners from financial losses due to accidents or damages occurring at their rental property.

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What Is Debt-To-Income Ratio (DTI): What Investors Need to Know

Bay Property Management Group

Lets look at them both: Front-End DTI (Housing DTI) The front-end DTI focuses only on housing expensesthings like your mortgage payment, property taxes, homeowners’ insurance, and HOA fees, if applicable. Meanwhile, g roceries, utilities, insurance, phone bills, and entertainment expenses don’t typically count as debt.

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Are Pet Deposits Refundable? What You Need to Know

Bay Property Management Group

Pet deposits are basically a landlord’s safety net, a form of informal “insurance.” You Meet All Lease Terms If your landlord has found you followed the lease agreement (e.g., Read on to learn more about pet deposits, why you might not get your refund, and your rights as a tenant. What Are Pet Deposits?

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What Is A Rental Arbitrage? A Guide For Landlords

Bay Property Management Group

The process involves: Securing a Lease Agreement: As we stated before, tenants start the rental arbitration process by signing a long-term lease. Yes, rental arbitrage can be legal, depending on your lease agreement terms and local regulations. How Does Rental Arbitrage Work? Is Rental Arbitrage Legal?

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Buying a Tenant-Occupied Property: Essential Tips and Considerations

Real Property Management Chicago

Rather, take the time to perform due diligence and ensure the leased property is a worthwhile investment. One of the primary documents to review when considering a leased property is the existing lease agreement. Given that the lease is binding, you’ll need to follow its terms until it concludes or is due for renewal.

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