Instant insurance built for West Virginia landlords and real estate investors
More than $10 Billion in property insured with Obie
Available in all 50 states
When it comes to your West Virginia rental property, trust the best. Traditional homeowners insurance won't cover a rental, so you'll need landlord insurance to protect you. That's where Obie comes in. Obie is reinventing the insurance process for new landlords to seasoned investors. Request a quote with Obie and get simple, affordable, and transparent insurance for your duplex.
Our simple quote request process will match you with the perfect insurance for your rental. It couldn’t be easier, or faster.
We’ll make sure you have the right coverage at the best price to protect your investment.
Our whole process is online and straightforward. Just answer a few property questions and we’ll get you covered.
Obie streamlines landlord insurance, offering instant quotes in all 50 states. Getting a quote and purchasing a policy online is faster than ever before, making it easy to get covered and protect your investment.
Every rental property is different so we built Obie to be customizable. We’ll make sure that you’re covered and your investment is protected.
Landlord insurance will help protect you from the unexpected.
Grow cash flow and asset value by decreasing insurance costs.
Relax knowing you and your rental property are covered.
One unit, one house.
Two to four units in a building.
Buildings with 5+ units.
An owned unit within a building.
Renting out a property in West Virginia? Obie has the right coverage for your property.
Whether your property is occupied, vacant, rented out as a short-term rental (AirBnB), or you’re in the process of renovating and flipping—you can get the right coverage with Obie.
Don’t see your rental property here?
Reach out to us
On average, the cost of rental property insurance in New Mexico is about $1,250 per year. However, insurance costs vary based on several factors, including property type, property location, and specific coverages.
In New Mexico, a written rental agreement is required for leases one year or longer. For leases shorter than one year, the lease may be oral, although it is generally recommended to use written agreements regardless of lease duration.
In general, lease agreements in New Mexico must include:
Landlords can utilize criminal background checks during the application and tenant screening process. However, they can only look back seven years.
Real estate investors in New Mexico, and every other state, must abide by federal Fair Housing Laws. In addition to federally protected classes, New Mexico adds protection against ancestry discrimination, which occurs when an applicant is treated unfairly because of the country, nation, tribe, or other identifiable group of people from which they descend.
Since New Mexico prohibits rent control on both state and local levels, landlords are able to charge whatever they deem reasonable for rent. In 2023, the median rent for 2 bedroom properties in New Mexico is $1,313. While there are no limits for raising rent, landlords must notify month-to-month and other fixed-term tenants at least 30 days in advance of a rent increase taking effect. Week-to-week tenants require a seven-day notice.
For leases one year or less, landlords can charge up to one month of rent as a security deposit. For longer-term leases, there is no limit to the security deposit amount as long as it’s “reasonable.” Under 47-8-18 (A) (1), if a landlord requires a security deposit greater than one months’ rent, the owner has to pay the tenant interest on the deposit each year. Security deposits must be returned within 30 days after a tenant’s move-out date.
Rental property owners can charge up to a 10% late fee on any rent due. However, all late fees must be disclosed in the lease agreement.
Landlords must provide a 24-hour notice to tenants before entering a rental property, unless it’s an emergency.
Repairs that affect the habitability of a unit or the health and safety of occupants must be made within seven days of being notified of an issue by a tenant. If a landlord fails to complete repairs in this window of time, tenants may legally withhold rent until repairs are completed.
New Mexico landlord-tenant laws allow landlords to evict tenants for the following three reasons: