Insurance
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply

Multifamily House Fire While Deployed Overseas
I'm currently deployed overseas and just learned that my 5-Plex caught fire. I'm not sure how badly it was damaged, but based on the pictures I was sent I know I won't be able to rent any of the apartments out for quite awhile. I know I will have to make a decision to either rebuild, repair, or sell. I wanted to see if anyone had any advice at all. I've contacted my insurance agent so he knows what is going on and asked his opinion and advice as well. Thanks in advance for any help.
Most Popular Reply

@Andrew Graham - I had a 4 unit catch fire last year. It was borderline fixable / tear down and the original offer from the insurance company would have not really covered either. I hired a public adjuster and he took over everything (and explained WTF was going on in the simplest of terms so my brain could understand) and he got us 150% more than the original offer.
Insurance has never been my strong suit and without the increase in the offer I think the adjuster was worth every penny. Being overseas I would hire a public adjuster
- Brie Schmidt
- Podcast Guest on Show #132

Second City Real Estate
20 Reviews
5.0 stars