Insurance tips and hacks for real estate investors, property managers, biz owners and anyone who drives a car or lives in a house/apartment/sprinter van.
Joined July 2022
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Conversation on an apartment renewal
Client: what is my current premium
Me Currently it’s $12,713. Contract renews Aug 3 if you want to continue working together
Client: how much did it go up
Me: The renewal offer is $9,147
Client: Please renew before they change their mind
Heavy winds and rain in our area over the weekend. How many apartment owners, condo and villa association owners, hotel owners have the money readily available for their wind/hail deductible?
Yes. Also, any person who has assets that exceed their liability limits on their car, boat, rental property, or homeowners policy
67 mill ins value. 276 doors
No co ins
No % wind hail deduct
Fannie/Freedy compliant
No finance or installment charge
No broker/admin/application fee
$338 per door
A bindable offer I just got back in 2023.
Good morning to everyone except the majority equity partner’s 3rd party insurance review vendor who needs every word of the policy contract typed out in the COI. The document is good enough for Fanny/Freddie to lend 15 mill but not you at 11:53 pm last night CST
Walking around Manhattan for the weekend asking everyone “are you @realEstateTrent “
When things are going up, no one wanted regulation. Now that things are going down (disappeared), people want regulation.
Won the bud on a 10k sq ft commercial/ 48 unit apartment complex today. Owner said best investment they’ve ever made. Do you like mixed use properties? Why?
How many people think they have a 10-20k deductible on their apartment or mixed use building, but really have a 100k deductible for a wind or hail weather event?
Thanks for sharing! Great transparency!
How do your deposit products interest rate compare to 3-3.5% over the last 2-3 years? Last 5 months? Cash value life insurance performs so well in down years #Liquidity #portfoliobalancing #PrivateBanking #CollatetialAssignment #neverinteruptcompoundinterest
Me:does app for a cigar shop. Underwriter: this doesn’t appear to be a cigar shop.They sell alcohol. Me: 77% of their sales were tobacco products. Underwriter: I have more concerns but don’t hate the risk. Me: policies are contracts and not based on feelings. Can you issue now?🤷🏼♂️
Who else loves seeing new boxes when they are underwriting a deal? #Discount #Buildingexpensesgoingdown #Happyclients #CapRate #insurancecompaniesdream
Hello @Twitter world. Question: Anyone else not read all 163 pages of their apartment complex insurance renewal? #Insurance #riskmanagement #apartments #realestateinvesting #renewal #whowrotethat #paidbythewordorbythehour