Apartment real estate can be a great investment. However, it is an investment that includes risk such as fire, hail, and floods. All the above have the potential to destroy your property and hard-earned investment. That is why you have insurance; to protect the investment over the long term. Below, we have outlined some simple tips for making sure you have the appropriate insurance coverage for … [Read more...]
Insurance for Real Estate Syndication
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...]
Ladder Safety 101. Yes, it’s a thing.
Most real estate professionals think of many things when discussing their real estate. There’s the cap rates, maintenance costs, upgrades, monthly rents, etc. However, more often than not, the consideration of the roof is forgotten. Did you know there’s a killer on the loose and you’ve probably come across it in your day-to-day life? We’re talking about the common, ordinary ladder. … [Read more...]
Flood Insurance 101
The risk of flooding can strike pretty much anywhere and everywhere. Even if you live outside of a high-risk area, your home is still vulnerable to these natural disasters. Now, if you live in these high-risk areas, you probably already have the required flood insurance protection. But what if you don’t? Well, we’re here to help clarify some information about flood insurance in another one of … [Read more...]
Is your home prepared for winter?
Winter is upon us, and much of the United States is experiencing freezing temperatures. If you live in a region where the temperature drops below freezing; here are some tips to help protect your home during cold spells. Keep freezing pipes from bursting Frozen water in pipes causes pressure to build and could result in the pipes bursting at their weakest point. Pipes in attics, crawl spaces … [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...]
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...]
5 Tips for Insuring Your Commercial Real Estate
When you are a commercial real estate investor, you need to obtain insurance. Otherwise, you run the risk of losing your investment entirely. Once you acquire the property, here are some tips to follow to help you get an affordable policy. Compare Quotes Multiple insurance companies provide investors insurance for commercial real estate. To avoid paying too much on premiums, get quotes from … [Read more...]
