While you might value your tenants just as highly as you value your rental property, there are things that you must do in order to protect them both. Before you allow any new tenants to take possession, it is advised that you walk through the property together. Make an itemized checklist and scour your rental units for potential safety threats. Something as simple as a broken nail in the middle of the living room floor can cost your money as well as your tenant.

In addition to taking action when you see anything that could cause issues with your tenants, you also need to make steps to protect the property itself. At some point in your career as a landlord, you will find that you need to make an expensive repair. A vicious storm can literally rip the roof clean off of your rental unit, or a vandal could decide to mark his territory on the side of one of your units. What’s worse is that these situations usually arise at the most inopportune of times. You might be out of town while on holiday when you get the dreaded phone call.

What you can do to minimize your costs as well as well as these potential inconveniences is to buy a Just Landlords insurance policy. Not only can you choose the amount of money that you will pay to secure your rental properties, you will also have control over your method of payment. You can pay for your policy up front at the time of purchase, or you can pay in monthly installments.