We aim to bring buildings and properties back to their heyday, at the same time providing affordable and middle income rental housing.

That extra cash flow isnt safety, its the market signaling with a big red flashing light, Risk.

Landlord insurance covers the dwelling/property.Renters insurance has liability coverage which might provide you coverage if your tenant is negligent or liable for an accident/damages, etc.You can/should have your tenant list you as an "Additional Interest" on their policy. 

Home warranties can sometimes cover rental properties, but it really depends on the specific terms of the warranty and the provider.

I manage about 65 units and at times my largest cleaning provider may be getting $20,000-30,000 from me. 

Advise him in writing that - email AND via US postal system with proof of delivery required that the lease remains in effect as is and that you, again, recommend that he file a claim with the provider of his renter's insurance for any losses he felt were sustained. 

I like providing some guidance, it is up to you to embrace it or not.   

At NREIG, we strive to provide clear and comprehensive communication about the coverage options available to our clients.

It definitely provided me with clarification!  

If you intend to vacate, the original lease agreement states you have to provide a 30 day written notice of your intent to vacate.