There’s a lot of risk and liability associated with owning a multifamily property. Whatever your portfolio, it’s not a matter of if, but when some type of disaster will hit. Smart property managers mitigate risk and spread out liability by mandating renters insurance for residents.

In the past, implementing a renters insurance program proved to be difficult and time consuming. Luckily, recent advances in technology have simplified the process for implementing and managing a successful renters insurance program. This guide covers the steps for getting started, best practices for maintaining a program, and how renters insurance can actually give a boost to your bottom line.