We use Rhino and if we find that they missed their payment we add the entire amount to their account. So it’s in their best interest to pay. With the insurance the property should be named ”interest party” so if they cancel the LL is notified.

I've had multiple policies with different insurance companies laps on property I've owner carried where the insurance company never sent a notice, I wish that could be reliable. The worse was when the policy was service by my own agent... SMH

Require the property ( legal entity) or the "management office of 1234 main st" be named as an additional insured. If the policy is ever terminated (early), you will receive written notice.

We use LeaseLock

Check out Obligo if you are looking at deposit alternatives

Jetty they pay up front or for the whole time they live there. We use it and we’re told that it doesn’t matter if the tenant stops paying the fee to them, we are still covered. Most of my people take the up front cost and we’ve had 1 move out so far with it owe money. Got a check within a week. So far it’s been great! Haven’t lost a move in for too $$$$ move in since we added it. I haven’t used Rhino so can’t speak to that one.