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Updated over 6 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Andrew R.
  • Investor
  • Albany, NY
1
Votes |
6
Posts

Personal insurance reduced due to rental property = ”Cash Flow”?

Andrew R.
  • Investor
  • Albany, NY
Posted
So my wife and I live in a rental. We have rental insurance and car insurance with State Farm.  I also have a rental property with State Farm and got them to consider my rental property for the multiple policy discount.  Due to the rental property, I got a reduction in our personal insurance policy’s by $210.29.  Can I consider this reduction rental property “cash flow” in my investment calculations? What’s a best practice?  The plan is to move this value monthly into my rental reserves account.  Thanks in advance. 

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