All Forum Posts by: Chris Garza

I have a couple of short term rental properties that I rent out via Airbnb. I'm currently using Proper Insurance and have also received a quote from Propel Insurance. Both policies are specialty products that are specifically for short term rentals given that my understanding of standard homeowner insurance is that it will likely exclude claims from "commercial" activities like short term rentals. 

I've been using Proper for the last 12 months but their renewal price for the policy shows a 30% increase over last year. 

Does anyone have any other recommendations of providers for this type of policy? Who are you using for homeowners coverage on Airbnb type properties?

Thanks for any help and suggestions the BP community can provide.

Anyone know of any lenders who have non-warrantable loan products being offered?

I've quickly learned about warrantable and non-warrantable due to a potential investment property I recently submitted an offer on and I'm reviewing my loan options.

I've already spoken locally with RBFCU and UFCU. RBFCU only has a 15 year portfolio loan and UFCU is the closest so far with a great rate but a requirement for minimum 40% owner occupancy in the building.

Anyone have any recommendations based on your experience?

Thanks in advance for the help.

Chris

Anyone know of any lenders who have non-warrantable loan products being offered? I've quickly learned about warrantable and non-warrantable due to a potential investment property I recently submitted an offer on and I'm reviewing my loan options. I've already spoken with RBFCU and UFCU. RBFCU only has a 15 year portfolio loan and UFCU is the closest so far with a great rate but a requirement for minimum 40% owner occupancy in the building. Anyone have any recommendations based on your experience? Thanks in advance for the help. Chris