All Forum Posts by: Joe Nagle

We have a handful of properties in the cape coral area that we're trying to find cheaper insurance coverage for. A mix of STR and LTR locations. I have been able to find companies that will cover real estate portfolios on one policy in other markets but no luck in the Florida market.

Is there a company that will cover multiple locations in the Florida market? Secondly on a single location policy who is everyone finding to have the most competitive costs?

We have a handful of properties in the cape coral area that we're trying to find cheaper insurance coverage for. A mix of STR and LTR locations. I have been able to find companies that will cover real estate portfolios on one policy in other markets but no luck in the Florida market.

Is there a company that will cover multiple locations in the Florida market? Secondly on a single location policy who is everyone finding to have the most competitive costs?

We have a handful of properties in the cape coral area that we're trying to find cheaper insurance coverage for. A mix of STR and LTR locations. I have been able to find companies that will cover real estate portfolios on one policy in other markets but no luck in the Florida market.

Is there a company that will cover multiple locations in the Florida market? Secondly on a single location policy who is everyone finding to have the most competitive costs?

@Alex Izewski I’m also interested. I’m an investor in the lower part of bucks county.

@Ryan Harsche What are you looking for? I have several deals in bucks county.

@Kevin Mathisen I currently own 1 shorty term vacation rental in the poconos (Albrightsville) as well as 40 more units in the suburbs of Philadelphia (Bucks County) where I currently live. Short term rentals either down the shore or up in the poconos are money makers. The reason why I started with the poconos is because you have 52 weeks of rental interest, compared to say wildwood nj you only have 16 weeks max. Where I’m at the tenant pays the fees/taxes the county and state charge. Which was stated above 3% Carbon county 6% state use tax. The Cap rate is fantastic, this year 2019 I’m shooting for 20%. But also remember the higher the Cap rate, the higher the attention/time needed. If I could recommend a few things for you, it would be as followed. 1. Hire a great cleaning company, and make sheets mandatory with your vacation stay. Don’t let tenants bring their own( because sometimes they don’t). 2. Repair and address any need or concern the tenant mentions ASAP. 3. Be flexible with early and late check in/out. 4. Remember it’s a business, and run it that way. Well I hope this helps. PM if I can help out more. Good luck!

@Angie Williams Correct. Just have to do a little digging. At the moment my company is investing in Bucks County and the Pocono mountains. Do you still invest in the area? 

Angie Williams it depends on the auction format and site. I was bidding on a property in philly from auction.com last week, and a Realitor also had it listed way above the starting bid price. I actually contacted the Realitor and viewed the property prior to bidding on it. I did bid on the property but didn’t win. But anyways just do a little research on the local MLS of the market you’re using, and see if it’s listed. Hope that’s helpful

Hey guys. I’m also an investor in bucks county. Im more of a buy and hold investor rather than fix and flip. If you have leads I’m a cash buyer that will close 24 hours after clear title. The dilapidated the better. Thanks! Hope everyone is doing well.

Hey la did you purchase anything up in the Poconos? I have a few properties around that area.