All Forum Posts by: Manish Mishra

Thank you @David Call and @Nathan Gesner.

@David Call thanks for your response, please can you send me some of these contacts? I do want to explore my options.

@Nathan Gesnerthanks for the response. In your opinion how much would be an average standard rate for each unit (treated as condo) in a four-plex assuming HoA pays for exterior, roof, foundation etc?

Thank you Dylan. Will keep trying. Manish

Hi Investors,

I am dealing with a situation where:
1) Insurance companies have quadrupled insurance fees in the last 2 years! For a 4-plex condominium complex, I was paying $144/year per unit in 2019, now I am getting quotes that are $550/year per unit for identical units in same complex.
2) Insurance providers such as State Farm have stopped taking new customers for landlord insurance, and companies such as Travellers have set limits of no more than 10 units per landlord.

Has anyone else faced a similar situation? And if yes, is there a solution here?

Thank you!

MM