The subject line of this one pretty much says it all! First of all, your attorney should confirm that your lease needs to address insurance. Next, you'll want to educate your residents. Many of them may not realize how affordable renter's insurance can be!.
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If you are a landlord, you should not own investment property. You should own an LLC that owns an investment property!
While we at Campus Handyman are not legal advisors, we can advise that all landlords (heck, all people) should have a relationship with a quality business attorney. Ask your attorney about personal ownership vs the use of an LLC. Take notes!
Many people believe that they do not need to have a relationship with an attorney because they have never needed an attorney. They mistakenly believe that until they have a need, there is no reason to cultivate a relationship with a legal advisor presently.
This is what we call.
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