All Forum Posts by: Preston Wengert
Preston Wengert has started 5 posts and replied 21 times.
Post: Umbrella Insurance My current agent only covers 4 Rentals

Preston WengertPosted
- Snowflake , AZ
- Posts 23
- Votes 8
@Sandy Uhlmann there are certain programs out there that include the umbrella in the policy. To take that even further they offer them per location. So no one property shares the umbrella but each one has their own. I have one with my rentals. PM and we can discuss further.
@Seth Wilcock I just requested to connect with you. Those premiums are way to high. From my experience it should be sub $1k. PM me and we can talk more.
Post: Any Albuquerque Wholesalers?

Preston WengertPosted
- Snowflake , AZ
- Posts 23
- Votes 8
Is anyone on here a wholesaler in Albuquerque? Do you know a good wholesaler there?
Thank you!
Post: Solar panels as a value add??

Preston WengertPosted
- Snowflake , AZ
- Posts 23
- Votes 8
Has anyone added solar panels to a small multi family as a way to increase revenue? I figure you could charge the tenants a base rate for electricity every month and that goes to paying them off. Once paid off, you obviously just keep charging them and that would increase your income. Has anyone tried this? Are solar panels just to expensive in general?
Post: Need a good rental home insurance agent in the midwest

Preston WengertPosted
- Snowflake , AZ
- Posts 23
- Votes 8
Hey Eddie,
I insure a lot of home in Michigan and Indiana. We have a great program for rentals. Shoot me a message is interested. Would love to help.
Post: Independent insurance agent/broker

Preston WengertPosted
- Snowflake , AZ
- Posts 23
- Votes 8
Charlene,
I am a broker and have a program for rental properties. Would love to help. Shoot me a message if interested.
Post: Landlord Insurance Mississippi

Preston WengertPosted
- Snowflake , AZ
- Posts 23
- Votes 8
We have a great program for rental properties. If the homes are close to the coast we wouldn’t be an option but if they aren’t we would love to get you a quote. The policy is designed for rental homes and the coverages are phenomenal. Shoot me a message is interested.
Post: Should I get umbrella policy for rental properties

Preston WengertPosted
- Snowflake , AZ
- Posts 23
- Votes 8
I am an insurance broker and we have our own program for rentals. The policy comes with a $10mm umbrella automatically. That umbrella is also per property and not combined. If you would like a quote PM me. Would love to help you out.
Post: Can I use a HELOC on a property that's not my primary residence?

Preston WengertPosted
- Snowflake , AZ
- Posts 23
- Votes 8
Wells Fargo will do a HELOC on rental properties. I recently did one on a rental I have. I have also had some luck with local banks and credit unions. If you call around you will find one.
Post: Master Mind Group 4 Beginner's: Looking for 4-6 members.

Preston WengertPosted
- Snowflake , AZ
- Posts 23
- Votes 8
I’m interested! I am currently looking into some smaller multi family. 4-12 units. I currently have a couple rentals in AZ but have been looking into the ABQ, NM market. PM me the info! My current occupation is insurance so I could help with any questions concerning that.