Knowing and understanding the nuances of insurance is essential to building your short term real estate empire. Not surprisingly, questions about insurance are some of the most frequently asked questions I get from students and coaching clients. In today's episode, my client and I discussed typical situations related to insurance and coverage. In this question-and-answer session, you will find some practical strategies and advice that can be applied to your short-term real estate empire.
Also in this episode:
- You need to have AT LEAST a million dollars of liability or more
- The older the building, the more likely you are to use replacement coverage
- Coverage you need for a shared living space
- Why I look at insurance as a down payment in legal defense
Connect with J. Massey and the Cashflow Diary™
Read the latest Cashflow Diary article: https://cashflowdiary.wpengine.com/blog/inflation-vs-deflation-and-why-both-can-make-or-break-the-economy/
About Cashflow Diary™
Cashflow Diary is a short-term rental hospitality training company. We show people how to build their own short-term rental business (without needing to buy or own any property) so they can thrive financially.
Heralded as the most advanced short-term rental training in the industry, Cashflow Diary enjoys creating content and communities that are solely focused on developing individuals into powerful business owners. Founded by J. Massey, Cashflow Diary exists to create short-term rental entrepreneurs. No matter your passion, he believes that running a hospitality business will change people’s lives…
Cashflow Diary is here to share all of it with you.