Property managers need to have insurance that covers their business, their clients, their tenants and the properties they manage. While the insurance needs of property management companies are similar in some ways to other businesses – for example coverage for property, liability, workers compensation...
Property managers can institute systematic risk management procedures to help control the costs of liability and property insurance coverage. Basic risk management options include identifying, avoiding and minimizing high-risk elements to reduce potential hazards before loss occurs. These risk control ...
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Join one of the fastest growing Independent Insurance Managers in Louisiana and South Carolina. Accentus Insurance Group is dedicated to provide more coverage options for more people in a user-friendly way that’s as easy and efficient as possible. Accentus provides intuitive, industry-leading Casualt...
Learn More:What Type of Insurance Do Property Managers Need? Vendor Management:Property managers rely on vendors for a variety of services from repairs during tenancy and turnover to routine maintenance and business tasks. Every property manager should have a list of approved vendors ready before th...
l Property Managers Insurance Coverage For Lead Paint Claims: A “How-To” for Landlords and Residential Property ManagersInsurance Coverage For Lead Paint Claims: A “How-To” for Landlords and Residential Property ManagersAfter a brief lull in the late 1990s, suits against building owners, ...
In addition to rent collection, they manage expenses related to property maintenance, insurance, and legal fees. Property managers often prepare budgets and ensure landlords comply with tax obligations. By handling these tasks, they relieve landlords of the burden of managing finances. ...
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consideration. Some property managers hire a third party—such as a plumber or electrician—to handle maintenance and repairs. Records should include all income and expenses, including a list of property inspections, repair expenses, signed leases, records of rent collection, insurance costs, and ...
All good property managers should have insurance coverage. Quality insurance coverage tells you the management company has been in the business for a while, has adequate experience, and takes the industry seriously. It also protects the company (and you) from lawsuits. ...