Are renters in Powhatan Place required to obtain renter's insurance?
The Commonwealth of Virginia does not require that renters in Powhatan Place to buy renter’s insurance. However, our leases require that renters pay for renter’s insurance 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 property 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 good reference for rental investors in Powhatan Place
- Before you lease out your investment in Powhatan Place
- Collections and evictions
- Communications with the renter
- During the lease term
- End of lease term and what happens when a tenant breaks the lease
- How does the rental investor get paid?
- How your property manager handles the association and your community
- How your rental manager handles utilities
- How Nesbitt finds renters
- Insurance matters for rental investors using our rental management
- How Nesbitt Realty & Management manage keys
- Powhatan Place property owner responsibilities
- Maintenance, repairs & inspections for your property in Powhatan Place
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental
- When owners don't yet know their new address
- Vetting renters in Powhatan Place