Residential property management typically refers to either single-family homes or to rental properties or residencies that can accommodate up to four separate units. Co-op units and condo buildings are usually classified as residential as well.

There are a few risks that residential property managers might face:

• Fire, storms and other catastrophic damage to the property
• Liability for tenant, employee and visitor injuries
• Theft or vandalism
• Loss of rental income
• Libel and slander
• Advertising liability
• Discrimination lawsuits filed by disgruntled tenants or employees
• Allegations of fraud, misrepresentation and other intentional acts by employees

There are a variety of coverages that residential property managers should consider – Reach out to a Shepherd representative to help find ways to keep your business covered.