Are renters in Stephenson required to pay for renter's insurance?
The Commonwealth of Virginia does not require that renters in Stephenson to buy a renter's insurance policy. However, leases prepared by our property managers require that tenants obtain a renter's insurance policy which pays for losses of the tenant's personal property due to theft, fire, renter negligence, or if someone is injured at the property. A’s insurance policy protects the property from loss, but not the renter’s personal property if it is damaged, destroyed or stolen. Please contact your insurance agent to let them know that you are putting your property into service.
Landlord Reference
a good reference for property owners in Stephenson
- Before you rent out your investment in Stephenson
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of lease term and what happens when a renter breaks the lease
- How does the property owner get paid?
- How your property management company handles the association and your community
- How your rental manager handles utilities
- How Nesbitt Management finds renters
- Insurance matters for rental investors using our rental management
- How Nesbitt Management handles keys
- Stephenson landlord responsibilities
- Maintenance, repairs & inspections for your property in Stephenson
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When owners don't yet know their new address
- Vetting renters in Stephenson