A business or commercial umbrella policy can supplement an existing landlord insurance policy, offering additional liability protection. This article looks at situations that umbrella policies can cover and offers guidance for identifying how much coverage you might need. (Spoiler alert:…
The pressure to fill vacancies quickly conflicts with the need to find quality tenants who pay on time and take care of the property. Failure to meet one or both requirements can lead to costly problems like lost rent or…
Retaining tenants is easier said than done. Tenants move out for many different reasons, and most of them (family needs, employment, etc.) lie beyond your control. But one way you can decrease tenant turnover is to help tenants feel connected…
Finding the best insurance for a small condo or co-op building, especially if the building is self-managed, can be challenging. How do you know how much insurance you need? What types of coverage are critical to protect the residents and…
Once you've found the right commercial property coverage for your residential building, the final item you should consider is an umbrella policy, sometimes known as an excess liability policy. This type of insurance policy provides additional protection in the event…
Every landlord wants to find good tenants who pay their rent on time, treat the property with respect, and follow the rules established in the lease. Considering the many expenses associated with turnover (e.g., marketing, screening, vacancy-related rent loss, professional…
By now, you’ve no doubt heard about the Climate Mobilization Act. Dubbed New York City’s Green New Deal, the legislation seeks to reduce greenhouse gas emissions by more than 80% as of 2050. Many of the laws passed to support…
As a building owner, even if you don’t own a company car, you may need special auto coverage on your commercial property insurance. Two forms of auto coverage are available: non-owned auto and hired auto. The first covers vehicles owned…
As a property owner or manager, you’re responsible in many ways for the safety and security of your tenants, as well as passersby. For instance, if someone slips and falls on a wet floor, icy sidewalk or uneven steps, you…
Owning and renting properties can be a lucrative business endeavor but remains a serious undertaking, regardless of location. An overwhelming amount of time and energy often goes into learning the ins and outs of a constantly evolving market. As a…