How to Identify the Perfect Insurance Agent
You want an insurance agent with real estate investing experience
Insurance is a business expense but not all agents are created equal. Learn what skills and experience you want your real estate insurance agent to contribute to your team and portfolio.
John Mark Tichar joins us in the locker room this week to share his real estate story and pro tips for success in the competitive business of real estate and insurance. Tune into John Marks interview on the Real Estate Locker Room Show on iTunes and Stitcher
When you shop for insurance are you seeking an agent who has the relevant expertise and knowledge of what it’s like to have skin in the game? Before settling into his roll with the Oswald Companies as a full time commercial real estate insurance agent John Mark worked for a real estate developer, multifamily property manager, single family home fix n flip investor and financial services provider.
“There is no silver bullet for success” John Mark attributes his success to showing up every day and working hard. He distinguishes himself from other insurance agents with his history as a real estate investor, property manager and project manager. John Mark’s experience of getting his “hands dirty” allows him to identify with the emotions and risk of his clients.
John Mark earned the real estate game by being proactive and doing the hard work. Find a mentor, get hand on experience and create your own opportunity.
Real Estate is a Team Sport - The fundamentals of investing are the same at all levels of real estate. The team is the same for 20 properties or 200 properties. The quality of the investment, your team and the experiences is what matters. The volume of property you own is second compared to quality of the investment.
Insurance - You don’t want a generalist insurance agent. You want to have an insurance agent who has invested in real estate at some point in time. Insurance is a line item in your operating budget. However, as an owner you must have a serious approach to mitigating risk.
Favorite athlete: Mike Piazz
Recommended reading:
- The Millionaire Next Door by Thomas Stanley & Willima Danko
- Talent is Overrated by Geoff Colvin
5 Key Points:
- 1) Be consistent day in and day out
- 2) Get up, go to work and learn on the fly
- 3) To be successful you have to focus on a niche
- 4) It takes time and persistence to be successful
- 5) Understand the costs & risks up front
Success tip – “Duplicate your success and learn from your failures “
Thank you for taking the time to sharing your story with us today John Mark.
John Mark works at Oswald Companies in Cleveland, Ohio http://www.oswaldcompanies.com and invites you to connect with you on LinkedIn.
Invest well,
(click photo to enter TRELR)
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