Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Insurance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 17 years ago on . Most recent reply

User Stats

72
Posts
11
Votes
Fred Ramos
  • Real Estate Investor
  • Corinth, TX
11
Votes |
72
Posts

Property Insurance questions

Fred Ramos
  • Real Estate Investor
  • Corinth, TX
Posted

Hi all. I've been purchasing properties to hold and rent for almost two years now and am not quite sure how to handle the property insurances coming due. When I purchased these properties, I paid for the homeowners out of my pocket for the first year. just so you know how I handle finances, I opened an account for the rent houses and kept my personal account separate. I know the rental account is my money but i do not consider it as such. I only consider my personal account as wholly mine. anyway, all expenses (Except rehab) come out of the rental account which is still pretty low. what I would like to do is pay the insurances on a month to month basis as paying in full would drain the account. Also, paying monthly at least for now would allow me time to build up this account for unforeseen expenses. what is your take on this? Also, how does a blanket policy work?
Thanks to all for your advice/suggestions on this matter.

Loading replies...