Are renters in Memorial Park required to purchase renter's insurance?
The Commonwealth of Virginia does not require that renters in Memorial Park to obtain a renter's insurance policy. However, leases prepared by our property managers require that tenants buy 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 dwelling. A’s insurance policy protects the 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 Memorial Park
- Before you move a tenant into your rental in Memorial Park
- Collections and evictions
- Communications with the renter
- During tenancy
- End of tenancy and what happens when a renter breaks the lease
- How does the owner get paid?
- How your property management company handles the association and your community
- How your property manager handles utilities
- How Nesbitt Realty finds tenants
- Insurance matters for rental investors using our rental management
- How Nesbitt Realty & Management manage keys
- Memorial Park rental investor responsibilities
- Maintenance, repairs & inspections for your rental property in Memorial Park
- 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 tenants in Memorial Park