Implementing key person insurance for property management continuity
While protecting the physical assets and structuring the ownership of a real estate portfolio are vital steps, a portfolio is only as strong as the team that manages its day-to-day operations. For many real estate investors, a dedicated property manager or a specialized internal operations director is the engine that keeps the business running smoothly. This individual handles tenant relations, coordinates emergency maintenance, oversees capital improvements, and ensures that rent collections remain steady. If this key individual were to pass away