All Forum Posts by: Kevin O.
Kevin O. has started 1 posts and replied 5 times.
Post: Lance Edward's Small Apartments Course
- Real Estate Investor
- Decatur, GA
- Posts 8
- Votes 2
Do a search on google for "Lance Edwards review". I recently went to one of his free seminars.
Post: Robert Woodruff - Power of Attorney
- Real Estate Investor
- Decatur, GA
- Posts 8
- Votes 2
Hello Lori,
No, i never bought his course. I had most of what he was offering from other courses. Just curious about the POA.
Kevin
Post: Robert Woodruff - Power of Attorney
- Real Estate Investor
- Decatur, GA
- Posts 8
- Votes 2
I recently went to a seminar hosted by Robert Woodruff. He is the president of the Charleston REIA and has a course The Keys To Cash Flow.
http://www.biggerpockets.com/users/WoodyDeals
http://www.robertwoodruffinvesting.com
http://www.thekeystocashflow.com
He has some very creative ways to use a Power of Attorney for real estate deals by controlling the property and/or never taking ownership. Any thoughts on this for those who have used this method
Post: Landlord Insurance Question
- Real Estate Investor
- Decatur, GA
- Posts 8
- Votes 2
Originally posted by Stephen Masek:
Who is your insurance agency in CA? I would try with your current insurer (unless it's Safeco).
Allstate is quite popular, but are limited to insuring 4 properties -
http://www.allstateagencies.com/DeanBarnard/Welcome
American Family Insurance seems pretty flexible and will insure over 100 properties -
http://insurance-agency.amfam.com/GA/robin-l-mitchell/
Can your property manager recommend someone?
Post: Landlord Insurance Question
- Real Estate Investor
- Decatur, GA
- Posts 8
- Votes 2
Originally posted by Jim Jrolf:
There is insurance specifically for rental properties. If you get a policy with enough liability coverage, you can avoid the expense of an umbrella policy. If you enforce renters insurance for the tenant, and there is a loss due to their negligence, their insurance will apply - no deductible for you.
I spoke to an insurance agent, and they mentioned if I have high insurance coverage on my vehicles and rental properties, and have all my insurance through them, I could get an umbrella policy for less than $500 a year. She said with higher coverage, there would be a much smaller chance of the umbrella policy being used.
Renters Insurance:
For example, in case of a fire that causes $20k in damages and you have a $2000 deductible, does renters insurance cover your deductible, or does it cover the entire cost of the repair if it was the renters fault?
A fellow landlord mentioned in one of our REIA meetings that his insurance went up after a fire in the home and the tenant didn't have renters insurance. Now the insurance company is suing the tenant for the damage caused to the property. Didn't know that was possible.