This minimized communication gaps and ensures that every one is on the same page.

The fees are minimal so it has not been a big issue. 

We generally try to get the tenant to pay the lump sum of the rhino policy upfront so that there is minimal risk, but we also have given our tenants that score high enough on our screening process the opportunity to pay a traditional security deposit.

If a $25 gift basket prevents or minimizes one future issue, Its very much worth it.

They try to minimize it, saying that the kid will stay in their room.

Servicing companies handle all of the legal paperwork, reporting, etc and are legally licensed and complaint with regulatory laws for a very minimal fee (typically around $20 - $50 per loan per month).

2) StrategiesAny strategies to minimize wasting time on a property the bank will bid upset price?

But, there are a lot of things that many builder's risk policies don't protect against, like a burst pipe, fire damage, etc.Anyway, each of these things is very specific in what it will and won't protect against, and I'd generally assume that the overlap is minimal.

I was just trying to minimize my costs.

But, they're likely only going to make a couple hundred dollars per year, so they may want to minimize non-billable hours.If you're looking for #2, expect to pay more for their services, but it's not at all unreasonable to have a free face-to-face meeting before you make a decision to move forward.Which are you looking for?