Plus by going with you, they won't have the benefit of an agent's errors and omissions insurance, the support of their brokerage, and the experience an agent has in protecting their clients from everything that can go wrong in real estate transactions.

@Fetch PhoenixI'll add something that may apply....your current policy may already exclude wind and/or fire, which means that you could already be without protection. 

They acted quickly and in your best interest to protect the property and your tenant. $2,000 is about the going rate in my market.2.

You’d need a clear exit plan and enforceable lease terms to protect your investment.Think about the following:Tenant Risk – Can they truly recover financially, or will you face another eviction situation?

My husband and I have personally flipped, built, and own rental properties, so we understand firsthand how critical it is to not only maintain good tenant relationships but also to protect and enhance the value of your asset.

@Charles Evans Zelle and Venmo do not provide the same protections as a third-party rent payment portal.

The entire community tries to help one another and protects one another.

Texas tends to favor landlords in these cases, but follow the legal process exactly—any misstep could delay things.As for protecting against retaliation or property damage, installing security cameras (if you haven’t already) to monitor common areas might be worth it.

Readers should seek professional advice.Great responses hereHowever, full site visits, though more expensive, maximize tax savings by capturing every depreciable asset and offer better audit protection....This post does not create a CPA-Client relationship.

She blatantly lied about tenants moving out, only to later admit in an email that there had never been a tenant in the unit at all.Failure to Collect Rent & Protect Owner Interests – She made what seemed to be no real effort to collect rent from tenants who consistently fell behind, leading to thousands in lost income.