All Forum Posts by: Matt Moylan

Over the past few months I’ve expressed some thoughts/ideas/insurance programs with different clients and investors I work with and have received the same continued suggestion “will you blog or make a video about that? I’m sure no one knows that even exists”

So... I’ve been putting in a lot of thought and research into creating a space to explain these different items as well as to create discussion board and learning community.

I’m curious to those who currently or used to blog:

- what are the best engagement practices/what you’ve seen work 🤝

- which blog creation platform did you use to create your blog / have you found a better one?

- blog content frequency suggested 🗓

- would you suggest implementing video as well? Why/why not 🎥

And anything else you would suggest.

Comment your favorite blogger/vlogger below 👇I’d love to check them out!

Also, would love your thoughts @Brandon Turner

Agree with what Owen and Sam said above.  Not only finding an independent agent, but one who also specializes in working with investors.

@David Bonner one thing I wanted to note was just because you have a property in an LLC, doesn't mean you have to have a CPP (commercial) type of policy. Some "personal lines" carriers have the ability to add the LLC onto the policy or even write the policy under the LLC's name.

I always suggest going through a broker.  The "big name" companies all have abilities to help the small/begging investor, but once you get multiple properties, it seems to be a better fit for the investor to move their products to a broker to get more options and also have an opportunity to work with someone who specializes in working with investors. 

I'm happy to share some of the companies we suggest to our investor clients.  

Feel free to message me.

@Account Closed Who did you hear that from?

The client's I've worked with in the past who have house hacked have only needed a homeowners policy which accounts for all 4 units.

Insurance companies often times have different rules and guidelines, so it could also potentially be that specific company?  Hard to tell exactly.

@Chaithra Kumar I have a contact who is wanting to invest and do a number of apartment rehab projects this year and in 2021.  I'd be happy to connect you two.  Feel free to message me

@Ben Theriault

One thing to consider from your risk management/insurance side is it is more difficult to obtain insurance.  There are few companies out there who have an appetite in general for habitation.  Then add on the additional liability for the students, there are even fewer.

What you can expect when getting insurance for student housing is increased premium costs and fewer companies (even through brokers) who are willing to give favorable coverage for the landlord/owner.

@Logan Freeman any idea from the investors you have worked with?

There are numerous companies you could look through, but I always suggest going through a broker.

If you go through a direct/captive insurance writer (State Farm, Allstate, Farmers, or most of the big name brand names) they only have access to their lines of products, so you dont really know if you are getting a great deal.  You're simply getting the best deal their product can provide.

Broker's will have numerous companies and some companies, like the one I work at, have specialists who only work with investors.

Best of luck!

@Miles Stanley what your insurance company should have told you is you need a builders risk policy.  Most companies have an option or two, but if you're not with an insurance broker, I would HIGHLY suggest you switching everything to a broker.

The broker will have more options and availability for you. 

@Ed Moran Congrats on the upcoming purchase!  I would love to connect you with someone who specializes in this space.  He and his partner have written a tremendously helpful book on this topic and can shed some light on various techniques to use.

Also, for your properties, I would suggest looking into some value add programs, if you have not. (ex: hail, solar, tenant master policy) 

Feel free to reach out if you would like introductions.