Insurance providers for Multifamily near Detroit

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Insurance providers for Multifamily near Detroit

Kyle JohnsonPro Member
New to Real Estate · Long Island, NY · Member since 2019 · 4 posts · 0 votes

I have a triplex in the Mount Clemens area out side of Detroit that I am closing on in the next few weeks. I was wondering if anyone had any recommendations for great insurance providers in the area. I planned on looking online and checking out some reviews of some companies, but if anyone has any referrals/recommendations, I'd be happy to look at them. 

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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
4y

@Dor Sagi Mt Clemens, as @Paul S. states, is a fickle market. Actually, there are several neighborhoods in the City of Detroit that are probably better investments than Mt Clemens.

You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:

https://www.biggerpockets.com/...

[email protected]248-209-6824
Logical Property Management4.9469 Reviews
WebsiteView Page
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  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
    5y

    Check out Noel Selewski agency.

    Are you going to try to remote DIY manage?

    [email protected]248-209-6824
    Logical Property Management4.9469 Reviews
    WebsiteView Page
    0Reply
  • Paul S.
    Member since 2019 · 248 posts · 248 votes
    5y
    Originally posted by @Kyle Johnson:

    I have a triplex in the Mount Clemens area out side of Detroit that I am closing on in the next few weeks. I was wondering if anyone had any recommendations for great insurance providers in the area. I planned on looking online and checking out some reviews of some companies, but if anyone has any referrals/recommendations, I'd be happy to look at them. 

     Ugh, that better be a great deal in Mt.Clemens.... what realtor talked you into that?

    0Reply
  • Dor Sagi
    Real Estate Agent · Brooklyn, NY · Member since 2021 · 31 posts · 21 votes
    4y
    Quote from @Paul S.:
    Originally posted by @Kyle Johnson:

    I have a triplex in the Mount Clemens area out side of Detroit that I am closing on in the next few weeks. I was wondering if anyone had any recommendations for great insurance providers in the area. I planned on looking online and checking out some reviews of some companies, but if anyone has any referrals/recommendations, I'd be happy to look at them. 

     Ugh, that better be a great deal in Mt.Clemens.... what realtor talked you into that?

     @Paul S. I'm looking at a Multifamily in Mount Clemens and I'm wondering about the response above. Is that not a good area?

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  • Paul S.
    Member since 2019 · 248 posts · 248 votes
    4y
    Quote from @Dor Sagi:
    Quote from @Paul S.:
    Originally posted by @Kyle Johnson:

    I have a triplex in the Mount Clemens area out side of Detroit that I am closing on in the next few weeks. I was wondering if anyone had any recommendations for great insurance providers in the area. I planned on looking online and checking out some reviews of some companies, but if anyone has any referrals/recommendations, I'd be happy to look at them. 

     Ugh, that better be a great deal in Mt.Clemens.... what realtor talked you into that?

     @Paul S. I'm looking at a Multifamily in Mount Clemens and I'm wondering about the response above. Is that not a good area?


     Unfortunately some of my responses on here can be a bit harsh depending on the day I've had lol.  I'll give you my honest opinion on Mt. Clemens.  Being from the area all my life (50 yrs) Mt. Clemens is one of those towns that doesn't really move... always just ho hum honestly - no value spikes/no major drops.  I personally do not buy there due to taxes and unit prices being a touch high and rental rates being a bit to low.  Is it safer and easier to deal with than Detroit? Yes - will you get rich? No.  The rental stock is older and the tenant base is less than desirable.  I see you are out of state - I would definitely endorse Mt. Clemens over Detroit for any out of state investor... but if I was truly giving advice I would say out of state investing increases risk 10 fold no matter where you go.  Just my opinion.  Feel free to PM me if you'd like to do a deeper dive.

    1Reply
  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
    4y

    @Dor Sagi Mt Clemens, as @Paul S. states, is a fickle market. Actually, there are several neighborhoods in the City of Detroit that are probably better investments than Mt Clemens.

    You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:

    https://www.biggerpockets.com/...

    [email protected]248-209-6824
    Logical Property Management4.9469 Reviews
    WebsiteView Page
    2Reply
  • Dor Sagi
    Real Estate Agent · Brooklyn, NY · Member since 2021 · 31 posts · 21 votes
    4y
    Quote from @Drew Sygit:

    @Dor Sagi Mt Clemens, as @Paul S. states, is a fickle market. Actually, there are several neighborhoods in the City of Detroit that are probably better investments than Mt Clemens.

    You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:

    https://www.biggerpockets.com/...

     Thanks @Drew Sygit

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