Who is responsible for the following?

[Antonio Chelala]

Hello everyone,

I hope you are all well.

I am still educating myself on rental property investing and have a quick question to you if you would not mind.

If I have a rental property and a tenant is living there:

If for any reason for example, the faucet of the kitchen leaks water or breaks, or anything related to the bathroom gets damaged, or for example the fridge gets damaged. As a landlord I am responsible of that, correct? Is there any insurance of those types of damages, like Lemonade for example ? (since I am renting now, I have Lemonade insurance, since it is required by the building ahahah )

Thank you all :)

Best,

Antonio

[Nathan Gesner]

Quote from @Antonio Chelala:

You are responsible for maintaining the home to ensure it is functional and safe. If something breaks because of tenant abuse or neglect, then they are responsible for repairing it.

How can you tell the difference? It's usually pretty obvious but sometimes you won't know and have to make a guess based on other tenant behavior.