All Forum Posts by: Rachel N.

Karen, Thank you for sharing your story with us throughout this post. It sounds like you’ve been through some rough times, but I think your dreams and goals are reasonable, and you will figure out how to make them happen. Stay on the forum for knowledge, encouragement, and as questions arise - so when you’re in a position to make a move, people can help you evaluate any deals you will be looking at. I look forward to following your story and reading about future successes!

I like Baker, Hyatt, Homrich and Zokvic. You can find their contact info online. Zokvic has been doing my taxes for a few years and is always very knowledgeable when I ask property related questions.

@Jay Hinrichs, you download them to your phone and play them through your car stereo... or just download them to your phone and play them on the phone's speaker.

This might not apply to your situation, but I have a friend who has owned a 3 bedroom condo for several years here in Orlando that she continually has problems with. First a family with kids destroyed it, then someone rented it and seems to be house hacking without her permission, because the neighbors have complained of different people coming and going from the unit. Maybe with houses it’s a different story.

It looks like they might have been planning to put up a few gas pumps...

Thanks so much, @Ricardo Alonso, it helps a lot to know that Universal is decent for Florida. And thanks for the offer, I may get in touch with you about surplus lines... 

I have three rental condos in Central Florida, one of which is insured with Universal Property & Casualty, through our insurance broker who insures our primary residence with another company. That condo is rented out and the tenant also has renter's insurance.

The other two are recent acquisitions, are owned through LLC's, and don't have insurance or tenants yet. My agent gave me quotes, again for the same company, Universal. One policy costs $430 and has a personal liability limit of $300,000, $50,000 for dwelling (we bought it for $75,000). My questions are:

Anyone have experience with this company (Universal), particularly in Florida?

I have a friend who works for State Farm and wondered whether it was worth asking them for a quote, or whether it would be more expensive since it's a bigger/more widely known company? 

With three rentals, if all policies are costing me in this $400 range, is that a decent price, or should there be some other company out there that will offer discounts for having multiple rentals covered by the same company?

I know Florida has its own challenges... just not sure what else I should be looking for as I start to scale up my rentals.

Resurrecting this old thread... has anyone used this Zillow "instant offer" tool, or seen evidence that it works? 

Here are a few examples:

http://www.mercurynews.com/2011/11/07/marin-tenant...

https://lafavelawgroup.com/case-results/

@Karen Coffelt, you can do this! You're already thinking up some good ideas with selling your home. It might take a while, but if you work on getting your finances together, in the future you'll be able to make a move. I agree with what @Joseph M. said about finding books from the library to learn as much as you can. I think there's a way to rebuild your credit but you can probably learn from Dave Ramsey how to do that. Listen to all the podcasts here on Bigger Pockets too while you're waiting to drive someone in your job - you can get so many good ideas from the podcasts, and there is a wealth of free information on this site. (Especially for your situation, listen to podcast #223, Scott Trench's Set for Life).