All Forum Posts by: Rick Wiggins

Great Post Henry! Born and Bread in Storage Facilties In Metro Atlanta (14). There is ALOT to think about here for sure. In my "managing" and VERY limited ownership, I was privied often in the high level discussions. Permanent Finacing is cruical for the business. But Ive always been told "dont' sell the golden goose" until it's no longer golden! Long term maintance of the facilites and timing of the sale are huge. It's a needle to thread for sure. Only you know that decision. Go with your gut! Best of Luck to you! advice from a low level. I will be following. Storage is in my long term plans. 

Congrats Kyle! What part of ATL is this? born and bred Atl, Marietta, Kennesaw, Acworth, Dallas, North Paulding area. I see these complexes all the time for my day job ( bathroom Remodeling sales). My current properties are in Rockmart. Looking to expand my network. Rick 

Ok great! Another reason why BP is a dream come true. It's been the missing piece that has helped us tremendously! Thank you all for your time and advice. I will update with any solutions I find. Thanks again

Ok great! thank you all for your time and responses! I will update any resolutions that I find. Thanks again BP community. 

Would like to know the same thing👍

Good Afternoon BP,

I'm not a complete newbie but I am with owning multiple properties at the same time. I'm having major issues with Allstate. We have multiple SFH's, a duplex, and 2 more SFH under contract. Each property we have acquired w/ Allstate as the provider. After each closing Allstate has sent notices of cancellation for EVERY house. Wanting major improvements done to have re-inspected and so on..... The first property , I understood because it was in need of major repair so it didn't seem out of line. They recommended we use a partner of theirs that insure theses types of property's and even they are cancelling. Long and short, we closed on our latest property 3/15/22 and Allstate is at it again. I would personally live inside this house, or have a friend or relative rent from me . They have became a obstacle, a big one. If they can't insure this house, they wouldn't insure any that We would like going forward.

My question is, Is this normal? Anyone else had this issue and how did you resolve ? Drop and shop? Any references to companies that understand that every property is not going to be the Penthouse @ (insert casino) ?

Thank you for your time !!

Rick

Good Morning BP,

I'm not a complete newbie but I am with owning multiple properties at the same time. I'm having major issues with Allstate. We have multiple SFH's, a duplex, and 2 more SFH under contract. Each property we have acquired w/ Allstate as the provider. After each closing Allstate has sent notices of cancellation for EVERY house. Wanting major improvements done to have re-inspected and so on..... The first property , I understood because it was in need of major repair so it didn't seem out of line. They recommended we use a partner of theirs that insure theses types of property's and even they are cancelling. Long and short, we closed on our latest property 3/15/22 and Allstate is at it again. I would personally live inside this house, or have a friend or relative rent from me . They have became a obstacle, a big one. If they can't insure this house, they wouldn't insure any that We would like going forward.

My question is, Is this normal? Anyone else had this issue and how did you resolve ? Drop and shop? Any references to companies that understand that every property is not going to be the Penthouse @ (insert casino) ?

Thank you for your time !!

Rick

Good Morning BP, 

I'm not a complete newbie but I am with owning multiple properties at the same time. I'm having major issues with Allstate. We have multiple SFH's, a duplex, and 2 more SFH under contract. Each property we have acquired w/ Allstate as the provider. After each closing Allstate has sent notices of cancellation for EVERY house. Wanting major improvements done to have re-inspected and so on..... The first property , I understood because it was in need of major repair so it didn't seem out of line. They recommended we use a partner of theirs that insure theses types of property's and even they are cancelling. Long and short, we closed on our latest property 3/15/22 and Allstate is at it again. I would personally live inside this house, or have a friend or relative rent from me . They have became a obstacle, a big one. If they can't insure this house, they wouldn't insure any that We would like going forward.

My question is, Is this normal? Anyone else had this issue and how did you resolve ? Drop and shop? Any references to companies that understand that every property is not going to be the Penthouse @ (insert casino) ? 

Thank you for your time !!

Rick 

could you move out, change your primary to your new place, list the old as a rental , and then do the repairs for improvements for the tax adv.? curious to know. Just a guess, I'm not a CPA

Chris, Sorry to hear about the leak. I do In-home design/sales for bath renovations as my day job. Good size company. 10k is pretty standard around the Atlanta Area. Most are Normally 10-15k for a regular size and easily 12-20k for upscale depending on the scope. I’m on your side on the prices, but just wanted to give you the info.