Plus I already had a renter setup.

I also kept my first home and it is paid off now and worth approximately $150k, with current renters. 

Now the tenant may have a legitimate personal injury claim and more.3) "Citing Renters Insurance declined coverage"- So, tenant has Renters Insurance?

I bought the property in June, have had 4 renters the first month and then 3 the remaining of the year.

buy house  find renter rent house maintain house pray they pay rent and dont destroy it.

For Short term renters ? 

Yes. we finally have an APP that lets us provide a rating for the renters.

There is a flaw in the business model and thier internal processes need a lot of work.First the good,Yes, I got paid every month.Nomad found me good renters.Next the badDue to needing to make the guaranteed rent they rented my unit below market valueIn communicating with Nomad they were disorganized, often sending conflicting messages and not alignedNomad offered to find me a repair company, that compnany charged $400 for a $25 dollar part and I was stuck with Nomad saying "not their problem" and the vendor saying Nomad was the client not me.Nomad was horrible to my renters as their property management term ended.

You would need car and renters insurance with a minimum amount of liability coverage in order to qualify.4.

My property has new roof and new sewer and all tenants have renters insurance.