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This is a society that believes in filing lawsuits. Most of the time, when things go wrong to a person or organization in this country, it is many times resolved by suing somebody. The person or the company with the deepest pockets will sometimes end up paying. But, that doesn’t prevent a person from suing you, and letting the insurance companies fight it out amongst themselves.

This is why a tenant should get Renters Insurance. It protects you and your assets from being sued directly. Renters Insurance pays for your personal belongings in the event you have a fire or theft loss, or other similar damages to your home or appliances, such as your refrigerator, or a computer. It protects you from any lawsuit filed against you in or around your apartment.

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Being a hands-on landlord can be very trying at times. That is why most investors hire a property management firm to take care of finding tenants, collecting rent and dealing with maintenance issues.

There are fees that you’ll have to cover. These include lawyer’s fees, accounting, insurance, mortgage payments, taxes and repairs, etc.

It would be wise to get commercial grade insurance coverage to be fully prepared for any eventuality.

You might also want to consider incorporating as this offers you an added degree of protection.

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I shouldn’t have been surprised to have received an urgent phone call from one of my best tenants. He had never complained about anything before and was calling to report a barking dog.

It was the new tenants’ dog. I could even hear it barking over his cell phone.

The newest tenants had only been in their apartment for a few days, and already there was already plenty of trouble, thanks to a tail wagging adorable little mutt with the big brown eyes and friendly smile.

Then I received word from the next door neighbor.

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