- Warrney => insurance => make money by delaying & denying claims.6) PMC - finding a good one is TOUGH!

Insurance is paying for the stay.

For bookings, I recommend FF, Airbnb/VRBO (30+ day stays), Zillow, Facebook (can depend on the area), and websites like ALE solutions for insurance placements

Now, with taxes, insurance, and interest higher and rents not keeping up with property values, most investors are putting more down to get the properties above a 1.0X DSCR. 80% is acceptable, but the issue is getting the property to cash flow at the higher amount. 

Unfortunately, insurance may decline for one or another reason. 

For added security, consider umbrella insurance alongside the LLC. 

I hope you or someone is at least keeping an eye on your properties for break ins, squatters, roof leaks, temperature control, frozen pipes (if in cold climate), if you have a basement and sump pump goes out leading to water damage etc.I just talked to two investors in California that have let their properties sit vacant (no mortgages so paying property taxes and insurance).

In my case this week this was full title insurance for me as a lender in 4 hours which as stated is the fastest service I personally have gotten.

Property Taxes 11,000 yrly, insurance 4930 yrly.It falls short of the 1% and 20% rule.

I use this for tax and insurance which all properties have)Expenses (general business like admin/legal and by unit for repairs, trash, utilities...)EBITDA (earnings before interest/taxes/depreciation/amortization.