Posts Tagged ‘Investment Property’
Knock, Knock. Who’s There?
Learn how the vacancy clause impacts your investment property insurance coverage. Read about potential scenarios involving vacant investment property. Knock, knock. Who’s there? Investment property vacancy. Building vacancy increases the likelihood of property loss. Vacancy and delay in discovering loss or damage go hand-in-hand. In turn, delayed discovery easily results in further damage and/or deterioration…
Read MoreIs Investment Property For You?
Investment property can serve as an income source and asset builder. Your resources, experience, goals, and tolerance for risk are deciding factors in the type and scale of investment you might make. Financial commitment is a given. Whatever money you put in to the investment is at risk. Be aware you can lose it all…
Read MoreDrip, Drip, Drip…There Go Your Profits
One drip of water per second wastes 1,661 gallons of water per year according to the Department of Energy. Building owners need to develop strategies to keep consumption and heating costs down. While parts of Northeast Ohio are seeing rents increase, others are seeing decreases. What can a building owner or manager do to improve…
Read MoreThe Basics of Insurable Interest
Gino is buying a 14-unit apartment building that is structurally solid, but needs both maintenance and repair work. Three days ago Gino and Toby entered into a purchase contract in the amount of $300,000. Along with signing the purchase contract, Gino also put a $20,000. deposit down on the apartment building. Toby, the current owner…
Read MoreWho Really Pays the Insurance Claim?
Dealing with property claims is always a concern for you, the property business owner. Do you have enough insurance coverage for the loss? What if the loss is caused by a defective appliance such as a refrigerator, stove, electrical cord, and/or a water supply line? Suppose you are a landlord, and the property loss is…
Read MoreSplash into Pool Safety
Finally the first weekend with beyond gorgeous weather, that makes everyone starting to think of all the upcoming summertime fun! If you own a pool at one of your investment properties, it may be time to start planning the pre-summer maintenance your pool requires. Everyone knows the saying “Safety first!” Therefore, let’s review some basic…
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