My current insurer is refusing to renew my policy due to fire hazards in the area.

"Additional Insured" on Insurance Policy to Property as CollateralHow specifically should a private lender be mentioned on the owner's insurance policy to a property used as collateral to a loan.

Michigan has no laws about late fees, by you need to check your state & local statutes.Conceptually, if you don't have a solid Late Fee policy, you will eventually get taken advantage of.What we do as a PMC, much of it automated:1) Rent Due Date: first of month- Don't ever modify this as too complicated to track!

You may be better off just paying for an umbrella insurance policy each year.

It's not a question of "if", it's "when".Keep good insurance policies on each property, keep hefty reserves for each property, open LOCs for extra reserves if you can, and keep a tight hold on the management of the properties whether you manage them yourself or have a PM do it.Stay hands-on even if you have a PM.

The amount and type of data they collect for "free" use is concerning. https://innago.com/privacy-policy/

I had a client right after Hurricane Michael who initially got offered half of what his damage actually was worth, but a skilled adjuster managed to get him a much more reasonable payout.Keep a Backup of All Your Documents:Store both digital and physical copies of everything-your insurance policy, receipts, photos, and videos.

1) Make sure STR is allowed. 2) Get more and the correct forms of insurance to go with your umbrella policy. 3) Skip the LLC. 

He should be paying into workman's comp and be the experts in evaluating the level of risk.Do you have an umbrella policy in addition to the property’s policy?   

When insurance companies face big payouts for natural disasters, it affects the rates of all of their policy holders not just those in the affected areas although high-risk areas are obviously affected more.