All Forum Posts by: Owen Rosen

Hello Everyone! I am looking for some advice here! Me and my partner moved from Utah to Maryland for school recently and we have a townhouse that we are looking to rent. we are currently remodeling and changing a few things before renting. what are the first steps to change my primary to a rental I lived there for about two years. I was studying the market and my rent will be just enough to cover the mortgage and HOA fee now I might to pay out of pocket for insurance but don't want to sell it yet because the area is growing and might have good appreciation in the years that follow. I would appreciate if you could give me some insight what would you do if you were in my shoes? Thank You!

Currently w/ Liberty Mutual.  5 rental properties, 1 personal home, 3 autos, 1 umbrella policy.  Any companies recommended for second opinions?

Hello all.
In analyzing rentals, does anyone have a fairly accurate way of estimating landlord insurance in varying states?
I don't want to waste anyone's time providing quote after quote for me for the properties I am merely in the analysis stage with.
I live in Fl. where insurance is pretty costly but I am also investing in states where insurance seems less expensive. Has anyone had accurate experience with say... Steadily insurance (steadily.com)?
You input and recommendations are greatly appreciated.

Good morning,

I am closing in on my first multi-unit apartment deal.  Any recommendations out there for companies who do insurance for these kinds of properties?  I am in Michigan, buying an 8 unit apartment building, and would be grateful for any advice for who to use/who to avoid.  Thanks in advance.

Anyone have experience on the issue of getting insurance on a property held in an LLC? I did a search on the forums and insurance seems like it could be a major problem.

I have a 4 plex our premium sky rocketed to $8900 a year. I'm thinking about selling but thought I'd reach out to the community to see where I might find a reasonable price? I'm hoping for $4000 or less...

After American Family dropped my multi-family coverage, I’m still struggling to find a carrier for my 1969-built apartment, with only three weeks left before the current policies expires. I spoke with State Farm, but they require plumbing and electrical panel upgrades just to consider reviewing my application. After speaking with several commercial realtors, I realized my frustration is shared by many. Others are also struggling to secure a carrier or are being forced to pay exorbitant premiums just to have their applications reviewed. Sadly, this price-gouging behavior has become the unfortunate new norm in the insurance industry.

Good afternoon BPers🫡,

Will property insurance pick up the tab on something like vandalism or does the policy have to contain some type of clause built in regarding this matter?