Residential Property Management

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.