In this explosive real estate market in North Texas, real estate syndication has become a popular way to acquire real estate. Below, we've enclosed a list of exposures and coverage(s) that a property syndicator should consider in order to minimize their exposure to risk. Property Insurance: This is the coverage for the building, office contents or equipment owned by the management company. It … [Read more...]
My Child is Being Sued for Cyber What? Am I Covered for That?
Do you have insurance coverage for cyber related issues? In the past, all you had to worry about when your kids got in an argument at school was after school detention. The internet and social media has been a great asset to our families and our kids. But if something is posted on social media by a child that is negative, the ramifications could put you in court. It could be considered libel … [Read more...]
How to insure a challenging property opportunity
Most people in the real estate investment business hope to find that “great deal” for the right price to add to their portfolio; but many times the property that has the right price, may have a few issues that can make it a bit more challenging to purchase. Those same issues may make the property challenging to insure. Here are a few key buzz words: Purchase “as is” Some renovations … [Read more...]
Personal New Years Insurance Resolutions
Have you made your New Years Resolutions and Goals? If you have, we hope they work for you and increase your personal situation. But also do any of these goals result in insurance change needs? Any new properties or homes? Find out what the premium estimates are for these additions before you make the change. Will you be adding value or changes to your home? What changes does that … [Read more...]
Business Owners New Years Insurance Resolutions
Have you made your New Years Resolutions and Goals? If you have, we hope they work for you and increase your business. But also do any of these goals result in insurance change needs? New Properties or locations; find out what the premium estimates are for these additions before you make the change. What will you charge for rent be during the coming year? This generally does not get … [Read more...]
Real Estate Investors New Years Insurance Resolutions
Have you made your New Years Resolutions and Goals? If you have, we hope they work for you and increase your business. But also do any of these goals result in insurance change needs? New Properties or locations; find out what the premium estimates are for these additions before you make the change. What will you charge for rent be during the coming year? This generally does not … [Read more...]
What to do after the flood or hurricane damage?
Check list for cleaning up damage and starting the insurance claim process Early estimates on the damage from Hurricane Harvey range from $10 billion- $80 Billion. FEMA Director Brock Long has called Hurricane Harvey the worst disaster in Texas history. He has also estimated that it will take years for the Southeast Texas Region to fully recover. If you or a loved one has been effected by the … [Read more...]
Triple Net Leasing
Triple Net Leasing and Commercial Real Estate Insurance Savvy real estate investors know that investing in triple net leases is a solid long-term strategy. These low-risk portfolio properties offer steady income with minimal investment. What is A Triple Net Lease? Like a normal rental agreement, a triple net lease requires renters to pay property owners a monthly fee. Unlike typical lease … [Read more...]
Hurricane Harvey and your Insurance
Hurricane Harvey is rapidly approaching landfall on the Coast of Texas. It is of the upmost importance that every necessary precaution is taken to avoid what is being called the “Strongest Texas Coastal Bend Landfall in at least 47 Years.” The Weather Channel is forecasting days of rain through the end of August, possible complete destruction of mobile homes, and serve damage to trees. Please … [Read more...]
Want a Quick Flip? Commercial Real Estate Investors Insurance is Critical
Many commercial real estate investors purchase property with the intention of making a quick flip. This is common and if you don't plan on holding onto the commercial real estate for long, why spend the money on insurance, right? Wrong. You need to have commercial real estate investors insurance as a way of protecting your investment, no matter how long you're going to have the property … [Read more...]
