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ASK MIKE MONDAYS- “Michael, insurance is a huge annual cost; any solutions to help me?
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
English - October 10, 2021 23:37 - 20 minutes - 19.1 MB - ★★★★★ - 489 ratingsInvesting Business Education cashflow investing passiveincome realestateinvesting rodkhleif apartment apartmentbuildingowner apartmentbuyers apartmenteducation apartmenteducationpodcast Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Michael gets into the weeds with apartment insurance. Inflation on building materials, labor, and the supply chain are having a direct impact on annual insurance premiums. When buying a property, don’t use the seller’s annual premium on costs on the PROFIT & LOSS. It could be off my several thousands of dollars. Make sure you get a updated & realistic insurance quote. BONUS QUESTION: Self-Management versus third party property management; what is better?
Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.
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