Top Line: If you're reading this, you're likely a skilled professional. Would you trust a non-specialist to do your job as well as you can? #food4Thought Quick Takeaways:Reduced Vacancies: Skilled property management minimizes vacancies to ensure steady rental income.Bett...
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Should Real Estate Investors Place Their Rental Properties in an LLC?
Top Line: For uncomplicated portfolios, robust liability insurance policies may be more suitable. As a real estate investor, one of the most important decisions you’ll make is how to structure your property ownership. Many investors are drawn to the idea of forming a ...
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Mitigating Landlord Risk by Adding a Property Manager as Additional Insured
Top Line: Adding your property manager as Additional Insured on your policy is a best-in-class practice that can save an owner thousands of dollars. As a property owner, protecting your assets is paramount. One effective strategy is to hire a professional property manager w...
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Umbrella insurance is a valuable tool for real estate investors to mitigate liability risks. This is especially true for those who do not hold their properties under Limited Liability Companies (LLCs) as umbrella policies can provide an extra layer of protection beyond the l...
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Why PMI James River Requires Contractors to Name Us as Additional Insured
At PMI James River, we prioritize protecting our clients and their assets, as well as our contractor partners. As part of this risk management strategy, we require all contractors to name PMI James River as an Additional Insured on their General Liability insurance poli...
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A Primer on Insurance Requirements for Contractors Working with Property Managers
Property managers operate in a complex and high-risk legal environment, where contractor compliance with insurance requirements is paramount. For companies like PMI James River, ensuring that contractors carry the necessary coverage is not just a best practice—it’s a ...
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