@Ana Escudero Property insurance renewals have been challenging the past few years, but there’s some stability with carriers heading into 2025.

- Highly recommend REQUIRING tenants to get Renters Insurance and adding you, as the landlord, as additionally insured.

To my knowledge, guests also have trip insurance. 

However, much of our document and data collection was handled by loan analyst Taylor Vassey.

They are DESPERATE to find insurance and are striking out everywhere!!

I'm use to a move-in inspection documenting the condition of everything at time of move-in. 

In addition, we pull our own comps and use Lightning Docs to generate our loan documents.

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

(Excluding FEMA insurance claims)

A good manager will handle everything from marketing to maintenance and tenant screening, saving you time and stress.Vendors and LandscapingBuilding a team of dependable vendors—like landscaping companies, contractors, and insurance agents—is critical.