HFM Properties

HUD.gov, is a great resource for both landlords and renters

Credit Reports can be provided to HFM Properties from either annualcreditreport.com or creditkarma.com or a site of your choice

Renters Insurance can be priced at rentersinsurance.net

If you’re renting a house or apartment, you may be surprised to learn that your landlord’s insurance doesn’t cover your personal belongings. Additionally, you may be legally liable for any accidental bodily injury or property damage of others that occurs in your rental home. You may also be liable for any damage done to the house or apartment you rent as a result of negligence on your part. That’s why it is so importance to carry renters insurance to protect not only your valuables, but also yourself.

Renters insurance can provide protection for your personal property against fire, certain natural disasters, theft, and vandalism. Some renters insurance policies can even cover you for personal possessions that don't happen to be in the apartment or house at the time of the loss. Renters insurance with personal liability protection provides protection for injury to another person or for damage to another person's property if an incident occurs within your rented residence or elsewhere. To determine how much coverage you need from your renters insurance, add up the replacement cost of all your possessions. If the amount exceeds what you’re able to pay out of pocket, you need renters insurance! In fact, some landlords require tenants carry renters insurance.

When you’re shopping for renters insurance, you should know the difference between actual cash values and replacement costs. Renters insurance policies typically include what is called actual cash value for your property if you need to make a claim. Actual cash value coverage only pays on the cash value less depreciation of the item. For example, a $2,000 stereo you bought four years ago may only be worth $800 today. The better choice is replacement cost coverage. This type on renters insurance reimburses you for the cost to replace your stolen or damaged item with a new item of equal or lesser value. You can have your insurance agent add it as a rider to your policy. Replacement cost coverage is only few dollars more and covers your property with the amount to actually replace an item with a new one.

Know How Renter's Insurance Can Help You

If you are renting a house (or any kind of rental unit), you need renter's insurance! Renter's insurance will protect you against losses or damages due to fires, flooding, robbery, electrical damage, or similar adverse events. Unless your landlord actually causes the disaster, his insurance will only provide coverage for damage to the actual unit. Anything that you lose in the event of damage is your responsibility. If the house burns down with all your belongings in it, or flooding ruins all your furniture, the cost of replacing these items will be your burden alone. And, so will the cost of staying somewhere else while repairs are made to the house.

Renter's insurance can help you prepare for these types of events. In addition, renter's insurance protects you from personal liability for accidental damage to the property of others in your care, or for harm done to visitors in your home. If you were to be sued because your dog bit the neighbor, or because your child's friend was hurt while at your home, renters insurance will extend coverage to cover these costs. In general, renter's insurance is fairly affordable, averaging $150 to $300 a year. Accidents happen, and being prepared is always a good investment.

Below are two resource links that can provide other rental or sale options to potential renters or buyers OR a site that can provide either home values, homes available, or even a Real Estate Agent