Renters insurance and landlord insurance both involve rental properties, but these two types of insurance cover different things. Think of them as two sides of the same coin. Landlord insurance covers assets the landlord owns (the house or apartment), while renters insurance covers assets owned by people renting the property (the belongings inside). Both landlord …
As a real estate investor, taxes are just part of the deal. However, 1031 exchanges, which are named for the IRS Section 1031 of the IRS’s tax code, allow you to sidestep capital gains. We’ve put together some tips about 1031 exchanges as well as some of the most important related rules you must follow. …
1031 Exchange: What Real Estate Investors Need To Know Read More »
If you have rental properties and you manage them yourself, you need to know the laws on service and emotional support animals. If you use a property manager, make sure they are up on the laws, as well. At a recent local Landlord Association meeting, the discussion was on which animals we are required …
Service Animals/Emotional Support Animals – What You Need to know Read More »
The two terms “vacant” and “unoccupied” might appear to be synonymous, even interchangeable in general conversation, but they are distinctly different when it comes to property insurance coverage. Insurance policies do not often provide clear definitions for vacant or unoccupied properties. Policies contain vacancy exclusions but not unoccupancy exclusions. So, determining whether a property …
Vacant or Unoccupied? For Insurance Coverage, the Difference is Important Read More »
When you manage a commercial property loss for your business, things can get complicated very quickly. You must resolve issues related to building repairs, damaged personal property, and lost business income. You must establish a working relationship with repair contractors, service professionals, and property insurance claim adjusters. These efforts will take up a lot of …
When to Hire a Public Adjuster vs Attorney for Commercial Property Loss Read More »