Rental Property Risk: Insurance Tips for Scaling Rental Property Portfolio

As you scale your rental property portfolio, many investors think more seriously about how they manage their risk. You may view rental property insurance differently with 1-2 rental properties vs. 5+ properties. This video is an interview with investor property insurance expert, Jeff Jones of Best Insurance Pro. (https://www.bestinsurancepro.com/contact) During the recording, we touched on some of the burning questions I hear as a property manager in Philadelphia around managing risk as a rental property investor including: Question 1: What safety measures should landlords install in properties to reduce risk? Question 2 What are the top repairs to reduce overall insurance costs? Question 3: Which repairs are best kept as the landlord's responsibility Question 4: What is the difference between putting the property in an LLC vs keeping it in owner's name from a liability perspective? Question 5: What is most important to know about insurance as you scale your rental property portfolio 🗺️If you want help to align your personal financial goals with your new real estate investing strategy, check out this download: https/dwoodsrealestate.com/start 🗺️If you want help to map out the pros and cons of keeping or selling an inherited property, check out this guide: dwoodsrealestate.com/inherited-house 📨If you want to get more real estate wisdom beyond the videos, sign up for my email list (sent 2x a month): dwoodsrealestate.com/subscribe 📣If you enjoyed this content, please tell a friend and share the link: https://www.youtube.com/channel/UC6le83kyR0j_dlYGYRDJsaQ/ I am proud to work with my dad, Daniel Woods, and continue the legacy of Daniel Woods Real Estate, where we have been advising clients in the Philadelphia area since 1987. I am a natural connector who loves matching buyers and sellers, foodies with restaurants, and those in need of professional/career introductions. My passion is to help more people use real estate to create wealth, build a legacy, and design the lifestyle of their dreams. LET’S STAY CONNECTED ACROSS SOCIAL MEDIA http://dwoodsrealestate.com/letsconnect 🤙If you want to talk to me about Philadelphia real estate feel free to email me at veronica@dwoodsrealestate.com or call (610) 872-7926. Veronica Woods Daniel Woods Real Estate PA License SB065736 #realestateinvesting #rentalproperty #landlordtips