The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

It’s standard practice and an essential safeguard for landlords.Trust your instincts and treat this as a non-negotiable policy.

But you want your policies to be fairly firm. 

Taylor sent multiple email inquiries to our insurance provider asking what risks their policy covered.

New Jersey is one of the least landlord friendly states in the country - FACT.Liberal policies are not friendly towards landlords- FACTNew Jersey is a liberal blue state - FACTI was nice in my original post.

Then set a policy as to how much late rent is enough to ignore vs filing a unlawful detainer (or whatever your state calls it.)

Aim high, and have a great holiday season, brother!

I guess a flat seasonal fee like any insurance policy, sometimes you win, sometimes you lose.

Make sure you create a screening policy and don't deviate from it. 

They don't understand how to price effectively, study the market, set boundaries with tenants, establish policies and procedures, communicate, and dozens of other things.