Are renters in Penn Laird required to obtain renter's insurance?
The Commonwealth of Virginia does not require that tenants in Penn Laird to purchase renter’s insurance. However, leases prepared by our property managers require that renters purchase a renter's insurance policy which pays for losses of the tenant's personal property due to theft, fire, tenant negligence, or if someone is injured at the rental property. A’s insurance policy protects the rental 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 archive for rental investors in Penn Laird
- Before you put a renter in your rental in Penn Laird
- Collections and evictions
- Communications with the tenant
- During tenancy
- End of tenancy and what happens when a renter breaks the lease
- How does the owner get paid?
- How your property management company handles the association and your community
- How your management company handles utilities
- How we find renters
- Insurance matters for rental investors using our property management
- How Nesbitt Management handles keys
- Penn Laird property owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Penn Laird
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When owners don't yet know their new address
- Vetting renters in Penn Laird