All Forum Posts by: Zigmunt Smigaj

Thanks I'm reaching out to them now for a quote. So far I'm seeking quotes from Proper, CBIZ, Foremost, and a couple local brokers. None of the national carriers (travelers, Alstate, American Modern, or Statefarm) insure STR or property in FL... very odd. Goes to show the industry is all about the insurance company and not the insured.

My assumption is the profit of ABNB justifies the premium. 

This property is in Largo, not beach front, roughly 5-7 miles from any coastline and no history of hurricane damage. Just a plane old SFH with a pool.

I cant find a STR insurance policy that inst 5000-1000 in Florida (Quote from Proper Insurance), this kills a lot of profit. Who do you use and how much is normal for a Florida insurance policy either as a business through a LLC or personally held as a landlord. And if you've encountered issues with either.

So I'm finding that Proper wants 10K for a SFH 2000' home in Largo/Tampa due to wind and hail, otherwise $3500 for just liability. Can someone provide some insight to who they use and is it a business policy or owner/landlord policy. Thanks.

I called Travelers, they dont insure any kind of SFH, Condo, Townhome FL. Do you have your policy as a business or something else?

I tried signing up for Enodo and you cant.  The customer service said they are not taking new customers at this time.  Does anyone know if they are merging or shutting down?

Any update to PiN? 

Seems like too good to be true product. Their so-called live webinar is actually recorded.  They want $1000 then $97 monthly for something they won’t let you test drive first. 

Hey Jeremy, when is the next meet up?  Or if you want to just have a chat about the local market feel free to contact me.

I'm looking at a portfolio that includes a duplex and 6 plex.  After reviewing tax records all 6 units in the 6-plex are individual condos owned by the same entity.  Advantages or disadvantages?   

I just started using RedOak, their older school, no online portal.  But only manage 100 units.  My experience with the bigger companies is they all charge the first month’s rent for a placement fee.  That kills a lot of cash flow.  Additionally they charge 10% for maintenance calls as if their a GC.  Adds up when you need to turn a unit.   Also watch out for the clause that requires you pay the management 6% of sale price if you sell it whether occupied or not because all the property management teams are also licensed real estate agents.  I’m know one company who is suing a owner because they sold while in management.