Real estate blog entries tagged with insurance by Robert Machado, CPM MPM Sacramento Area Property Manager and Property Management (HomePointe Property Management, CRMC)

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insurance: If you rent the home you live in tell your insurance agent! - 06/22/08 01:14 AM

For a variety of reasons, many owner occupants decide to rent the home they live in rather than sell it.

If you decide to do this, be sure to notify your fire and liability insurance carrier as soon as you rent the property. The type of policy for a rental … (8 comments)

insurance: Typical Costs of Rental House Ownership - 05/12/08 12:53 AM

If you are considering getting into or are new to the rental business you need to know what the expected costs of ownership are. Here are some items for you to consider:

Utilities: Find out which ones the tenants pays and which ones the owner pays. It varies … (6 comments)

insurance: What liabilities does a landlord have and how can the landlord protect themself? - 05/04/08 01:03 AM

As the owner of a rental property you could be held liable for known and unknown conditions at the property. In most cases your fire/liability insurance policy will cover you adequately. You should discuss with your insurance company the amount of recommended limits for your situation.

If you use a professional property … (10 comments)

insurance: What is the purpose of the indemnity clause in property management agreements? - 02/23/08 08:55 PM

Indemnity is defined as security against damage, loss, or injury. It also means a legal exemption from liability for damages. To indemnify someone means to protect against damage, loss, or injury. When a property owner hires a property manager to manage their property, the management agreement calls for the owner to … (1 comments)

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