JF1791: We’re Discussing Insurance For Investors With An Insurance Broker with Jake Stacy

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 29 July 2019

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jake is an insurance broker, as well as an investor himself. He and Joe will discuss insurance for real estate investors and also cover Jake’s best advice from his own real estate investing experience. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If the crime scores go up, premiums go up” - Jake Stacy

Jake Stacy Real Estate Background:

Insurance broker specializing in insurance for multifamily and commercial real estate
Over the last 3 years, his team has grown the business at 86%, 96%, and 114% to become an 8 figure insurance agency.
Also invests in real estate on the side
Based in Seattle, WA
Say hi to him at https://www.riceinsurance.com/

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Transcript

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1:05.0	Just because the crime score goes up, premium jumps up.
1:07.0	So there's a lot of factors that go into it, but the number one factors that affect the premium
1:11.8	are going to be the construction type and just in general where the profit. factors that
1:15.0	the premium are going to be the construction type and just in general where the property is located. Real quick before the episode I want to give you a gift of 25% off and that gift actually is from
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1:25.3	Fairless at check out for 25% off your next screening.
1:29.2	Because as landlords, we tend to be most concerned with getting paid on time.
1:33.0	You might also know that hundreds of thousands of landlords have to deal with the headaches of evicting tenants each year.
1:40.0	A victim a tenant can be painful, costing as much as $10,000 in court costs and
1:44.2	legal fees and take as long as four weeks to complete. What if there's a trust away
1:48.8	to help prevent the headaches of dealing with evicting a tenant? Make the smart move right from the start.
	...

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