Are renters in Beacon Hill required to obtain renter's insurance?
The Commonwealth of Virginia does not require that renters in Beacon Hill to pay for renter’s insurance. However, leases prepared by our property managers require that tenants obtain a renter's insurance policy which pays for 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 property from loss, but not the tenant’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 handy archive for rental investors in Beacon Hill
- Before you rent out your investment in Beacon Hill
- Collections and evictions
- Communications with the renter
- During tenancy
- End of lease term and what happens when a tenant breaks the lease
- How does the landlord get paid?
- How your property management company handles the association and your community
- How your property management company handles utilities
- How Nesbitt Realty & Management finds renters
- Insurance matters for landlords using our rental management
- How Nesbitt Realty & Management manage keys
- Beacon Hill property owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Beacon Hill
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental property
- When property owners don't yet know their new address
- Vetting renters in Beacon Hill