Insurance: Can't Live With It And Can't Run Your Own Short Term Rental Empire Without It
🔍 DISCOVER THE CAPITAL HIDING IN YOUR NETWORK
- Which of your existing contacts has investment capital (even if they don't advertise it)
- How much they might be willing to invest in your deals
- What specific motivations would get them to say "yes"
- How to approach them for maximum success
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
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About Cashflow Diary™Jay Massey is a full-time Real Estate Investor, Entrepreneur, Popular Podcast Host, Author, Speaker, Coach & All-Around Problem Solver.
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.
READY TO FIND YOUR HIDDEN INVESTORS?
- Analyzing your existing network for hidden capital sources
- Providing exact conversation starters tailored to each contact
- Revealing investment capacity you never knew existed
- Turning awkward "asking for money" into offering genuine opportunities
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