How to Read Your Property Insurance Policy
How to Read Your Property Insurance Policy
Abstract
Purchasing adequate landlord or property insurance for your investment property is vital if you want to protect your income and maintain long-term financial security.
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Does Your โNo Smokingโ Policy Stink? By Scot Aubrey โWhatโs that smell?โ might be one of the worst questions a potential tenant can ask you as a landlord.ย In my experience, the showing of the property almost always goes downhill from there.ย Odors play a major role in our lives, with many of our most impactful memories tied to a specific smell, whether good or bad.ย I mean who doesnโt love the smell of bacon, fresh baked bread (my mouth just started watering) or a campfire.ย Thos...
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One (relatively) new way to invest in real estate is through crowdfunded real estate platforms. Theyโve only been around since 2012 and offer lay investors an easy way to get into real estate with little effort.
But is going in on crowdfunded real estate ...
One of the beauties of real estate is that there are many ways to invest in it. You can fix and flip properties, buy and hold them, lease rental units, invest in real estate investment trusts (REITs), get into self-storage, and so much more.
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Rental property accounting doesn't have to be a headache. Download our printable spreadsheet for bookkeeping and let FortuneBuilders help you.
The post Rental Property Accounting Basics appeared first on FortuneBuilders.
Rental property accounting doesn't have to be a headache. Download our printable spreadsheet for bookkeeping and let FortuneBuilders help you.
The post Rental Property Accounting Basics appeared first on FortuneBuilders.
Prior to presiding over one of the largest home inspection companies in North America, Wally was a Naval Academy graduate and is a retired Navy pilot. With a blend of experiences as a business owner, master marketer, contractor, renovator, investor, TV and radio host, and master home inspector, Wally believes "if you're not having fun doing your thing, you're either doing the wrong thing, or your thing wrong!" In today's episode we discuss: โข How Wally went from no job to business owner โข Th...
Prior to presiding over one of the largest home inspection companies in North America, Wally was a Naval Academy graduate and is a retired Navy pilot. With a blend of experiences as a business owner, master marketer, contractor, renovator, investor, TV and radio host, and master home inspector, Wally believes "if you're not having fun doing your thing, you're either doing the wrong thing, or your thing wrong!" In today's episode we discuss: โข How Wally went from no job to business owner โข Th...
Real estate investors come from all different walks of life. While some may have a background in finance and real estate, others are more comfortable with technology and the trades. Whatever your background is, you need to have a good grasp of where your money is going. Negligence doesnโt favor any investor, regardless of where they come from. Business finances, however, can be a difficult aspect of the investing world that not many are familiar with. Between terminology and the complex nature...
Real estate investors come from all different walks of life. While some may have a background in finance and real estate, others are more comfortable with technology and the trades. Whatever your background is, you need to have a good grasp of where your money is going. Negligence doesnโt favor any investor, regardless of where they come from. Business finances, however, can be a difficult aspect of the investing world that not many are familiar with. Between terminology and the complex nature...
Youโve decided on your first, third, or hundredth new investment property, and now the real work begins. Is the property turnkey ready for tenants? Does it need some cosmetic rehab, or maybe some more extensive work? Is it a ground-up construction project? The answer to those questions will help you choose the most appropriate insurance policy for your property. Before we dive into the details of each policy type, letโs review some general best practices for any investment property that will...
Youโve decided on your first, third, or hundredth new investment property, and now the real work begins. Is the property turnkey ready for tenants? Does it need some cosmetic rehab, or maybe some more extensive work? Is it a ground-up construction project? The answer to those questions will help you choose the most appropriate insurance policy for your property. Before we dive into the details of each policy type, letโs review some general best practices for any investment property that will...