All Forum Posts by: Elad Messing

Hi Stacee and Justin, Thank you for the input! Indeed I think the question is if this increase will repeat itself or not each year. Justin, we are also insured with @Jason Bott@ Robertson Ryan  - great team.

Hi Everyone, 

I recently (last year) changed my homeowner insurance for my rental properties to a different provider and now that one year has lapsed and I need to renew it, the premium went up by 10% - which seems very high to me.

Two things to note are that the provider is able to insure me in both the states of Texas and Indiana and also includes a $10M in umbrella coverage.

So, I am basically debating if to "eat it up" this time and hope that it will not repeat every year or go look for a new policy.

I would love to hear your experience with annual premium increases.

Thank you,

Elad

Hello Everyone!

I was wondering if there is any rule of thumb as to what should be my asset allocation between my $ invested in real estate investments, which include:

1. Single family rentals
2. Syndication deals
3. Loans backed up by real estate

(all of which are in the USA)

And: my $ invested in stocks and bonds. I am currently heavily shifted towards real estate portion and was wondering what is the ratio I should be targeting.

Thank you!

Elad

Hello Everyone!

I was wondering if there is any rule of thumb as to what should be my asset allocation between my $ invested in real estate investments, which include:

1. Single family rentals
2. Syndication deals
3. Loans backed up by real estate

(all of which are in the USA)

And: my $ invested in stocks and bonds. I am currently heavily shifted towards real estate portion and was wondering what is the ratio I should be targeting.

Thank you!

Elad

Thank you Everyone for the great discussion and tips! we finally got it rented. I think it was indeed the price adjustment game, we had to reduce it twice and offered 2 weeks of free rent. The carpet also got a 2nd intensive cleaning. Would definitely evaluate the rent next time we do not get it rented within a couple of weeks.

Hi Courtney, Thanks for your offer to help! we finally got it rented...

Thank you everyone for the valuable input and advice! much appreciated.

Hi Everyone!

We have a 4 bedroom single family rental in Plano, TX that have been vacant now for 90 days (!). We haven’t had any issues renting it out in the past, therefore we do not understand why we struggling this time.

It has gone through make ready repairs and looks great, the only feedback we got from relatos who showed it is that people are saying that the street is narrow. The actions we took already to try and getting it rented include price reductions (twice), new photos and lower application fee. Any advice on other things we could do? And what could be a “hidden” reason for such a long vacancy period?

Thank you…

Elad and Keren

Looking for an experienced insurance agent who is licensed in the following states: Texas, California and Indiana

(for autos, rental , primary residence and umbrella insurances).

Any recommendation would be greatly appreciated.

Thank you