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Updated over 2 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Dillon Hamman
  • New to Real Estate
  • Franklin, TN
3
Votes |
7
Posts

First Investment Property Broken Into

Dillon Hamman
  • New to Real Estate
  • Franklin, TN
Posted

Hello Everyone,

I purchased my first investment property 2 weeks ago and it was unfortunately broken into over the weekend. The thief stole all the tools in the house, some were mine and others belonged to my contractor. I have a couple questions. #1, is it worth having insurance cover the loss for the tools that were stolen? In total, the value of the tools are about $1,500 if I had to guess. While it sounds nice to have insurance cover the loss, I worry about the premium shooting up for investments in the future. Question #2, should I pay for my contractors tools that were also stolen? Question #3, I was thinking about buying a camera to put up at all my properties from here on out, does anyone else do this? If so, any recommendations for a good camera that doesn't need to be hooked up to wifi? Thank you in advance!

Most Popular Reply

User Stats

6
Posts
1
Votes
Aries Starr
  • Wholesaler
  • Houston, TX
1
Votes |
6
Posts
Aries Starr
  • Wholesaler
  • Houston, TX
Replied

Hello Dillon, I do apologize that this happened to you.To answer your last question, I would highly recommend putting a dummy camera in the front of your property to deter criminals from your property. Also if you get a ring camera it doesn't need to be hooked up to wifi.

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