Our next batch of articles are going to focus on the legal aspects and regulatory compliance of duplex landlordship. Our last article, for example, was about fair housing laws for duplex insurance. Now, we’ll cover liability insurance requirements. If you need a detailed guide on how to get duplex insurance – please read this guide….
Did you know that fair housing violations can cost property owners $23,000 in civil penalties? That’s only if that was the first violation and if the case was tried before a HUD administrative law judge. It can get higher on repeat offenders. As a duplex owner, understanding fair housing laws isn’t just about compliance –…
Here’s a surprising fact: while 85.6% of rental properties contain one unit (single-family), savvy investors are increasingly turning to multi-family properties like duplexes for better returns. Even more surprising is that duplex investment property insurance basics are sometimes overlooked until it’s too late, and that’s speaking from our experience. Insurance might seem straightforward at first,…
According to research, the average cost of home insurance claims has increased by 9% over the past two decades. From our experience, this trend makes proper coverage and documentation more important than ever. One of the biggest hurdles for property owners is ensuring their paperwork is complete and accessible, especially when dealing with common duplex…
Did you know multifamily insurance premiums have seen a sharp 32% jump between 2023 and 2024, according to recent data from industry leaders like Fannie Mae? This increase makes duplex investment insurance documentation more important than ever for compliance and protecting your bottom line. Getting the proper documentation may seem like putting together a puzzle,…
Did you know real estate stands firm as America’s favorite investment choice? A recent Gallup poll shows that 34% of Americans trust it over stocks, bonds, or gold. Duplexes attract investors because of their steady appreciation and rental income potential. From our experience, successful duplex investment risk management separates thriving landlords from struggling ones. Our…
Property owners have faced rising challenges recently, with reports indicating that homeowner insurance premiums climbed by over 11% in the past year alone. From our experience, having the right multiple duplex insurance coverage safeguards your properties and helps you avoid unexpected costs that could eat into your profits. In this guide, we’ll walk you through…
Housing prices have steadily risen, with the median price for homes reaching over $404,000 in September 2024, a 3% jump from 2023. From our experience, this price jump makes securing proper liability coverage for duplex investments properties more crucial than ever. Many first-time investors overlook essential protections, focusing only on the duplex insurance deductible, a…
Did you know that properties like duplexes made up over a third of all commercial real estate transactions recently? This growing trend highlights how important it is to protect your investment. From our experience, one key factor that often confuses owners is understanding the duplex insurance deductible. This guide will break down what deductibles are,…
Insurance costs are skyrocketing! Recent industry data shows duplex owners faced a 39% premium increase since 2017, with a shocking 15% jump just last year. Natural disasters and construction costs have hit insurers hard, and they’re passing these expenses to property owners. Owners, however, can mitigate higher premiums by using duplex insurance tax deductions, which…
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