I might have gotten the same mass email... to me that is a sign that they were doing a hail mary cause they don't have anyone who trusts them.

My HOA has just requested all the homeowners pay the HOA insurance deductible ($1,700 minimum per unit/$40k per building) to fix hail damage to the roofs.

4) Consider Flood or other insurance hail, tornado, etc.5) Consider Builders Risk IF I am renovating a property before renting it out. 

This should get cut in half at that point)Property Management: -$99Repairs/Maintenance: -$88CapEx: -$88Vacancy: -$88Net Total Cashflow: $143 My properties are not in New Jersey that's why I pay that low of taxes :) Here's a breakdown of one of my insurance policies.Coverage Type - LimitDwelling - $344,000Home Protector - IncludedPersonal Belongings -(Includes Replacement Cost-$2,500Other Structures - $34,400Fair Rental Value - $34,400Personal Liability - Each Occurrence - $1,000,000Medical Payments to Others - $5,000Deductibles Type - AmountOther Covered Perils -$1,000Wind and Hail -2.00% ($6,880)Additional Coverage - Annual PremiumWater Backup or Sump Pump Overflow - $43.86Total Annual Premium $735

He is a broker and can check with multiple carriers.Insurance rates have gone up because there have been so many large claims (hail in Minnesota being the biggest culprit.)  

The home sustained some hail damage in the past, so spending more on something with more long term strength is a plus. 

They may suffer from other weather related problems like tornados and hail though so check insurance rates.The cons is that you can get ripped off a lot easier and for a lot more money since you are not there to monitor what is going on.

But from the outside looking in as someone who isn’t a landlord, TX seems like an absolute nightmare to own a rental property: 1.) crazy weather (tornados, gorilla hail, high winds, ice, extreme prolonged heat) hard on roof and AC 2.) high property taxes (lose the ability to homestead exemption) 3.) already had extreme price appreciation for many yearsfor those of you who own rentals in tx is it rough?

(yards) every day.Many of us even attempt the occasional Hail Mary...

Some have cheaper insurance rates than where I live in tornado and hail storm ally.The bottom line is you'll want to create your own "broad brush" tool to help save time when looking at deals so you know up front if you'd have to get a much lower price.