Are renters in Stephenson required to buy renter's insurance?
The Commonwealth of Virginia does not require that renters in Stephenson to purchase a renter's insurance policy. However, leases prepared by our property managers require that tenants pay for a renter's insurance policy to cover losses of the tenant's personal property due to theft, fire, renter negligence, or if someone is injured at the rental property. A’s insurance policy protects the rental dwelling 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.
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Landlord Reference
a useful source for property owners in Stephenson
- Before you rent out your rental 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 owner get paid?
- How your rental manager handles the association and your community
- How your management company handles utilities
- How Nesbitt Management finds tenants
- Insurance matters for rental investors using our property management
- How Nesbitt Management handles keys
- Stephenson landlord responsibilities
- Maintenance, repairs & inspections for your rental property in Stephenson
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When landlords don't yet know their new address
- Vetting renters in Stephenson