The Biggest Rental Property Risk You (Probably) Never Think About

[@Muller_Andr]

it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[@AanyaDarika_]

A lot of folks have been going on about the bull rally and said stocks that would be experiencing significant growth, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?

[@Jennapeters144]

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of a planner, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

[@benalfredo]

@Jennapeters1444 True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?

[@Jennapeters144]

@benalfredo Having a fduciary is essential for proper portfolio diversification to make gains. My advisor is LOREN LENA WALKER who is easily searchable and has extensive knowledge of the financial markets.

[@benalfredo]

@Jennapeters1444 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@karimkarachiwalla7073]

Great episode!

[@vmrosales3]

I listen to content and read content every day. This video is giving information that I have lacked. Thank you

[@amymegginson-uz7jj]

Great information for everyone, not just investors.

[@The1SimLash]

This is an excellent episode Please bring on some appraisers and various types of lenders that do conventional, down payment assistance products, investor products, commercial, etc.

[@alir.9894]

Never use your Home Owners Policy Insurance unless it's for something major! If you have rental the same applies! Only use it for something very big or not at all! Very big meaning tornado coming through, major fire, hurricane, etc.

[@lawrencebriggs]

Landlord Insurance is so inefficient. I’m so grateful for my insurance broker!

[@youdqtube]

I'm going to call BS on this. After 6 years with my property, near Yellowstone NP, insured through Proper, they notified me earlier this year they would not renew my policy. I have had ZERO claims. I can't recommend this company at all! VERY disappointing to terminate our relationship! Boo!

[@lentravers5412]

Love, love, love this episode! I had a quick question. If you're house hacking a duplex, where I'm living in one unit and renting out the second unit to a long-term tenant, should you get home insurance and add that you rent part of the property, or have both home owners and rental dwelling coverage?

[@ProperInsurance]

Great question. Insurance for duplexes can become confusing quickly, and it's your responsibility to inform the insurance carrier of the occupancy. There are only three options for insuring a duplex, each option providing different property and liability coverage, so it's critical you get it right. Option one is homeowner's insurance (HO), which is written as a 'residence premises' or owner occupied (the place you live, the place you get your mail). It carries property coverage (structure and contents) and personal liability, which follows the insured anywhere in the world. It's important to have personal liability on your primary home. Option two is landlord insurance (DP-Dwelling), which is written to be 'tenant occupied'. It carries property coverage and premise liability, which is different from personal liability. The third option is commercial or business insurance which carries property coverage and commercial business liability. Scenario 1: If the entire duplex is owner-occupied, then homeowner's insurance is best. Scenario 2: One side is owner occupied, and the other is long-term rented, then both homeowner's insurance and landlord insurance are best. Scenario 3: One side is owner-occupied, and the other is a short-term rental. In this scenario, you would want homeowner's insurance and then have a commercial policy for the short-term rental. Insurance carriers will treat this differently; for example, Proper combines both personal and commercial policies into one policy, but most carriers would separate them into two policies.

[@Jennifr1966]

Invasion of Privacv lawsuit): how can they do that, when they're OUTSIDE?

[@ProperInsurance]

The reality is you can be sued for anything, and there is an assumption of privacy when you check into an STR. People do not like to be watched. Most of these cases are hard to collect, but you still need a legal defense to respond to the complaint in court. Make sure your liability insurance covers legal defense and that the legal defense does not take away or eat into your occurrence limit. We also had an invasion of privacy suit where a neighbor of an STR sued because they were tired of living next to an STR and having new guests come every week. These lawsuits are rare, but again, in America, you can file a complaint or sue someone for just about anything. Frivolous lawsuits bog the system down, but you need and want defense.

[@1dragonx76]

Water breaks from pipes other than fire extingusher lines

[@liveyourlife318]

$15K -$20K FURNITURE..lOL😂😂

[@castlerc]

If you’re rental was built before 1978, hopefully you don’t have a wate leak…….. check your policy. Your welcome.