All Forum Posts by: Jared Townsend

Hi Domingo,

Welcome to the City Beautiful! What size apartment building are you looking to purchase? Do you financing in place? I would love to help!

- Jared

Hi Patrick,

I will message you the info for a loan originator that can loan to a business name.

- Jared

@Ellie T., It was a pleasure to work with you! I'm excited to have played a small role in your first acquisition. You know where to find me if you have any Florida insurance questions regarding future properties :)

Hi Yael,

My background is in insurance I work/live just outside of Orlando in Winter Park. I can answer any Florida insurance questions you have or connect you to my network for other types of questions. I work closely with a number of hard money lenders, realtors, attorneys, etc that are very educational. Let me know how I can help!

From an insurance perspective, protective windows/doors don't make a huge impact on the rate. Also, to qualify for a credit you have to have every single opening (window, door, skylight, garage door) be impact resistant.

$875 sounds a little high for Orlando. When I insure condos the cost is typically between $500-$700/year.

Insurance in Florida is going to be more expensive than most of the country due to our higher risk from hurricanes, sinkholes and fraudulent claims. Hopefully the other benefits of investing here make up the higher cost!

@Bea Maia

Where are your condos located? Have you had the policies shopped by a local independent agent? There may be better rates out there to make insurance a better value for you.

It would also be worthwhile to find out how much the other unit owners are paying to see if $875/unit is reasonable.

I work as an insurance agent  for many investors that continue to buy new properties regularly so they must be on to something! 

I can help to keep your costs reasonable on the insurance side. By staying in central Florida you're already on the right track!

Hi Chad,

I would recommend an independent broker with experience in investment properties. This type of agent can shop multiple carriers and work with you to find the best option.

Feel free to message me directly with any specific insurance questions. I would be happy to help!

- Jared

@Timothy W. You make some great points. Not all property managers keep up with the laws/regulations. A great place to start is with the National Association of Residential Property Managers (NARPM). Their members adhere to stricter continuing education and generally have good reputations.