All Forum Posts by: Ben Guttman

Hi! I have several commercial properties in New Jersey, Delaware and Pennsylvania and would want to invest more on buying and leasing commercial properties. Please recommend the best brokers/insurance company that can take care of commercial properties. Thank you.

Nicole - I would be glad to chat.

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Allentown, Pennsylvania

I would be glad to assist

Proudly Serving MD, PA and beyond since 1985

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BPG Property Management

@Cassidy Burns

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There are pay to play sites that track everything with a lot detail (GC, Architect, Engineer, etc.) if that's what you need

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Some carriers will work with you if you are replacing it upon purchase. Otherwise, possibly getting a different policy form until updates are done may be an option too!

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Jersey City, New Jersey

Quote from @Anna Sam:

I think this may be happening in many states. But I see that the insurance rates are going up. I am in Florida and that is the case for inland and properties in coastal areas. Personal home and rental properties .

Trying to figure out the best way to mitigate this issue. Do you have the same issue and how did you solve this?

I can start contacting brokers and fill out so much paperwork but not sure if there is any other way ? Kindly share your thoughts and suggestions.

It is happening everywhere! Florida is more extreme due to the lack of insurance reform, Surfside,and Ian.

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Jacksonville, Florida

I am an investment insurance broker and I had a client with a horrible tenant like this.

It will really come down to policy language, as some carriers exclude vandalism by occupants.

BUT, I also agree with the other posters that it may be cheaper to repair than make a claim minus deductible and increased premiums moving forward.

Glad you can move on with this one!

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Atlanta, Georgia

Quote from @Frosso Adamakos:

Hi there! My husband and I are new investors in the Baltimore area. We'll be BRRR'ing town and row homes. We hope to connect with other investors and would love recommendations for any property managers, short term and long term lenders, and especially contractors. Look forward to hearing from you! Thanks in advance!

Glad to connect

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Baltimore, Maryland

Quote from @Daniel Younger:

Anyone ever considered investing in a commercial property located in a FEMA designated AE Flood zone? I've got an opportunity to invest in one now and I'm not sure I want to take the risk. The seller said the Floor insurance costs them $5,371/year and it has flooded one time in the last 5 years. Anyone have any experience investing in properties in flood zones that could offer some thoughts on this?

FYI - The flood risk is a creek that runs along the side of the property that has been known to flood into the property on occasion.

I have access to private markets that are more flexible than FEMA both in terms of coverage amounts and other factors.

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Washington, DC

Look at RPIP, Pimlico Capital, JBA Lending, and Block M Investments. I've had clients with all of them.

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Baltimore, Maryland

All Forum Posts by: Ben Guttman

Ben Guttman has started 1 posts and replied 372 times.

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