The Things That May Keep You From Waking In the Event of a Fire By Justin Ford Most of the world changed their clocks back this past month to adjust to daylight savings time. With that, came the biannual message of “Change Your Clocks, Change Your Batteries” from the local fire department, as a reminder that it is time to replace the batteries in your homes smoke alarm and carbon
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Risk Management Considerations During the Fix and Flip by Shawn Woedl While high housing prices and increased cost of materials has led to a drop in house flipping in the first quarter of 2021, it is still expected to be a profitable venture. Though purchase prices are high, the aggressive market also means buyers will be lined up when the flip is complete. Plus, distressed inventory is expected to surge
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The Importance of Implementing A Risk Management Plan By: Brett Worthington In the world of real estate investing, finding the right property at the right time is just the tip of the iceberg when it comes to building and protecting your portfolio. Successful investors understand the importance of implementing an effective risk management plan along with strategies focused on value appreciation, expense management, occupancy and many other critical functions. For
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Preventative Measures for Successful Risk Mitigation by Shaun Shenouda While there is no stopping acts of God, you fortunately can mitigate many of the risks pertaining to your rental properties relatively easily and inexpensively. As you might suspect, some of the most prevalent risks pertain to losses caused by the residents. Given the increased propensity to spend more time at home due to COVID-19, there is an overall increased risk.
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The Need to Perfect Loan Collateral and Document Custody by Debbie Lastoria and Meaghan Hanley Every loan has a value at origination. The loan officer makes their commission, and based on the secondary market, the investor pays for a loan in accordance with the underwriting basis for which it was closed. This value should survive the life of the loan—but we all know it may not. The value may be
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Coinsurance can be costly if you don’t understand the penalties. You’re a savvy investor. You make sound, confident decisions about the properties you’ve added to your portfolio. And your strategy has been successful. Yet even the most successful real estate investors can be snagged by the penalties associated with valuation and coinsurance, outlined in the fine print on your insurance policy. If you’re like most bullish investors, you’re probably heavily
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