Modives’ Post

Landlord insurance is a must for Australian property investors 🏡 🇦🇺 Landlords insurance protects against defaults due to unforeseen tenant circumstances beyond anyone's control. This type of cover is designed to safeguard landlords from unexpected financial losses. It can help cover the costs of unpaid rent, property damage and legal expenses due to various tenant issues. Without adequate landlord insurance, property investors have to shoulder expensive repair bills and rental income losses out of their own pocket if a tenant skips rent payments or destroys part of the property. This can significantly impact an investment property's cash flow and long term returns. That's why responsible property investors #insuretheirinvestment and #protecttheirassets by getting the right type and amount of landlord cover. Comprehensive landlord insurance gives peace of mind knowing you're protected from unplanned setbacks that can hurt your bottom line. So speak to an insurance expert today to discuss options and get a quote for quality landlord insurance. #insureyourinvestment #protectyourassets #landlordinsurance #propertyinvestor

Insurance costs continue to soar, that is of course, if you can find an insurer willing to extend coverage. The increasing occurrence of widespread natural disasters, sky-high inflation driving up the cost to rebuild, and a shortage of skilled labor within the construction industry are some of the main factors driving insurance rates. Even owners with low-interest, fixed rate mortgages with a surplus of equity are seeing profits dwindle as the cost to renew there policy eats away at their bottom line. Unlike retail and office landlords who can pass insurance costs on to their tenants, multifamily owners are particularly prone as rent growth continues to cool. Many have also seen their deductibles increase tenfold leaving them far more exposed should disaster strike. Interested to see the creative solutions property owners are taking to combat rising costs across the board. #cre #commercialrealestate #multifamilyrealestate #insurance

Multifamily owners - doing repairs quickly will lower your insurance costs. When I’m shopping carriers for a policy, they don’t want to see a property in bad condition. They won’t write for it, leaving you with less options. Less options in the insurance world means higher rates. So when your tenants complain about a leaky faucet, make sure it doesn’t turn into a moldy vanity, then a ruined floor, etc. And when the insurance inspector comes for inspection they’ll say that the property isn’t in good condition. Then I can get you a lower premium and you can make more money. Do we have a deal?

𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐢𝐬 𝐯𝐢𝐭𝐚𝐥 𝐟𝐨𝐫 𝐛𝐨𝐭𝐡 𝐥𝐚𝐧𝐝𝐥𝐨𝐫𝐝𝐬 𝐚𝐧𝐝 𝐭𝐞𝐧𝐚𝐧𝐭𝐬. ➡ Like any business, property investing is about reducing risk. ➡ Of course, landlords need to protect their investment with rental property insurance, insuring for any loss or damage. ➡ Tenants should also have content insurance to protect their belongings and personal liability. ➡ New legislation took effect on the 27th of August 2019 that affects tenants' liability for damage. ➡ On all new tenancy agreements, landlords must declare what type of insurance cover they have, whether house rental or landlord full risk cover, including house and contents excesses. ✔ 𝙈𝙖𝙠𝙞𝙣𝙜 𝙡𝙞𝙛𝙚 𝙚𝙖𝙨𝙞𝙚𝙧 𝙛𝙤𝙧 𝙡𝙖𝙣𝙙𝙡𝙤𝙧𝙙𝙨 𝙞𝙨 𝙬𝙝𝙖𝙩 𝙬𝙚 𝙙𝙤.  𝐏𝐥𝐞𝐚𝐬𝐞 𝐬𝐞𝐞 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭 𝐛𝐞𝐥𝐨𝐰 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 🔻 #landlords #propertymanagement #richardpmsavant

Securing your home goes beyond the bricks and mortar. 🏡 Our latest video delves into the critical importance of building insurance – safeguarding your investment and providing peace of mind. #HomeInsurance #PropertyProtection #SmartInvesting

If you’re considering renting out a property you own, you may have a few questions about landlord insurance. This article provides a pretty good overview: https://bit.ly/3QQBj8F #WFL #Insurance #Propertyrenting #Rentingproperty #Landlord #Renters #Tenant #Landlordinsurance

Attention new landlords! 🗣🔊💬 Do you have any questions about landlord insurance you would like answered? Not even sure what landlord insurance is? 🤷🏾♂️ This week's article has all the answers for you ✅ Answers to queries such as: 🏡 What the **** is landlord insurance? 🏡 Are there different types of insurance? 🏡 What is rent default? 🏡 Do I need landlord insurance if I have good tenants? The answers to these questions, and more, are just a click away! It's a super quick read, but it could save you a whole truckload of heartache AND money down the line... 💰Check my article out below: https://lnkd.in/gKRaPxZf #landlord #propertyinvestment #realestate #insurance #buyersagent #kittyandmiles #buyersadvocate

Filing a homeowners insurance claim and repairing your damaged home can be a complicated and overwhelming process. To help answer homeowner questions about managing an insurance claim and performing related home repairs, the Oregon Division of Financial Regulation has teamed up with the Oregon Construction Contractors Board to put on a FREE webinar discussing the steps to take during this process. The webinar will take place on Tuesday, Oct. 24 at 11 a.m. Sign up at https://lnkd.in/gJZyWhAN #OregonDFR #HomeInsurance #insurance

If you’re considering renting out a property you own, you may have a few questions about landlord insurance. This article provides a pretty good overview: https://bit.ly/3QQBj8F #WFL #Insurance #Propertyrenting #Rentingproperty #Landlord #Renters #Tenant #Landlordinsurance

Are you thinking about becoming a landlord? 🤔 Many people are looking at rental properties for passive income these days. Let's help you understand more about landlord insurance. Because of the additional risks involved, landlord insurance actually tends to cost a little more than homeowners insurance! 🤑 https://lnkd.in/dxJEECmQ