Episode 80: How to Navigate the Complexities of Landlord Insurance with Aaron Letzeiser
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Are you a potential real estate investor looking for valuable insights into insurance coverage? In today's episode of the On Purpose Investor Podcast, we had the pleasure of speaking with Aaron Letzeiser, the co-founder and COO of Obie, a venture-backed insurance and risk management technology platform serving real estate investors.
During our conversation, Aaron shares his unconventional journey from a political theory graduate to a successful real estate investor and insurance innovator. Aaron also highlights the importance of having the right insurance coverage for your investment properties, as well as the difference between actual cash value and replacement cost value, emphasizing the significance of ensuring you have a landlord policy rather than a homeowner's policy.
Key Takeaways from this Episode:
· Utilizing technology to digitize the insurance process can make it easier and more transparent for investors to obtain coverage, saving time and providing peace of mind.
· Investors need to review their insurance policies regularly, including the replacement cost value and coverage types, to ensure they have adequate protection for their properties.
· Consider adding an umbrella policy to provide additional liability coverage, as it can protect personal and rental assets in the event of a lawsuit or liability claim.
Links Mentioned in this Episode:
- Visit Obie to get instant quotes and find the best insurance coverage for your rental properties.
- Sign up for the On Purpose Investor email list to receive exclusive bonus content and stay up to date with the latest episodes.
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About Us:
Eric and Tiffany Vogel are real estate investors and founders of www.onpurposeinvestor.com. Four years ago, they began their real estate investment journey together after just one year of dating – before they even got married! They bought their first property with an FHA loan and zero equity. Each of them has a unique set of strengths that they bring to their partnership.
Join us each week for another episode full of tips, tricks, and methods to achieve financial success and stability.
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Eric's Email: eric@onpurposeinvestor.com
Tiffany's Email: tiffany@onpurposeinvestor.com
101 episodes