Landlord Insurance: What to Track and Why It Matters

Most landlords set up insurance when they buy a property and never think about it again until renewal. That's a mistake. Insurance is an operating expense that directly affects your NOI, and it changes every year.

The Formula

Track these 5 things: premium per unit, coverage amount vs property value, deductible amount, claims history, and renewal date.

Real-World Example

Example: Property A has 4 units with $2,400/year insurance ($50/unit/month). Property B has 2 units with $1,800/year ($75/unit/month). Property B costs 50% more per unit to insure. Why? Maybe it's older, in a flood zone, or has a claims history. This per-unit metric reveals which properties carry the most insurance risk.

The Bottom Line

Mozongi REMA tracks insurance costs per property and includes them in your NOI and cash flow calculations. You see exactly how insurance affects your bottom line.