It is a good idea to get homeowner license for rental business

[James Sreewarom]

Hello, I do not have much experience in this field. I wonder it is a good idea to get homeowner/property insurance license just for my own rental business. If so, what do I have to do? If I am not wrong, the insurance agent make 10-20% commission on it, so I could save 10-20%.

Thank you very much

[Aaron Mazzrillo]

I could easily go get a contractor's license, but just because I'm licensed doesn't mean I'm going to save money on rehab projects. I need to become a student of construction and immerse myself in that field. Only by becoming a knowledgeable contractor will I learn how to save money in that business.

Is that what you plan on doing? If you intend to immerse yourself in the insurance business, learn the ins & outs, then it makes sense. If you're doing it to save a few dollars on an insurance policy for a few rentals, well, that just makes no sense to me at all, but it's your life so make the best of it!