Insurance Loss of Rent payout

[Yue Lehman]

When you file a claim for a rental property and receive loss of rent reimbursement, is your property manager entitled to their percentage of share? If yes, it does not seem very fair because they don't pay any out of pocket deductible.

What are your thoughts?

[Yue Lehman]

@Greg M.

Thank you so much for the reply! Our contract with PM says they are entitled to management fee should a loss of rent is reimbursed. However, we have a high deductible which left us with 3k during the time it can't be rented out, yet they want their percentage for the full coverage.

My opinion is they wouldn't get anything if we didn't pay deductible, in which case we split 3k leftover from reimbursement minus deductible.