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DGS 85: Landlord Protection Insurance with David Holt of Surevestor
Description
In the United States, millions of residential properties are owned and rented out by individual landlords, not professional property managers. Why not protect yourself from painful experiences with tenants, have peace of mind, and leave it to the professionals?
Today, I am talking to Dave Holt of SureVestor, which provides Scheer Landlord Protection. This insurance plan financially protects landlords and property managers from tenant-related risks. SureVestor is at the forefront of leading a trend that can significantly help grow the industry.
You'll Learn...[01:45] Passion for Property Management: Dave joined NARPM nearly 30 years ago and has gone through its entire chain of command.
[02:51] Reasons why Scheer Landlord Protection was brought to America:
- Significant growth impact on property management industry in Australia
- Way to make, but not lose money
- Opportunity to turn self-managed landlords into professional property managers
[05:22] Is the United States ready for similar level of growth? Whether companies grow exponentially, or at their own pace, insurance can help them get there.
[07:06] Can't control what happens in people's lives; when bad things happen to good tenants, property managers experience frustration and stress.
[08:05] Who's to blame? Things happen that create a financial burden; Scheer Landlord Protection covers income loss for landlords and property managers.
[09:32] Malicious Damage by Tenants: Insurance covers holes in walls, cabinets ripped off walls, sand poured down drains, etc.
[09:47] Blanket of Coverage: Indirect and direct benefits create safety for all parties.
[13:45] Property manager requirement helps insurance company mitigate risk.
[16:33] Competition: Focusing on criteria of quantity over quality. Most property managers don't have an insurance license; be compliant and legal to protect industry.
[22:40] Tiered Pricing: Clients know the cost to be protected.
[24:58] FAQs: How do I market this to my owners? How can I implement it? Follow SureVestor's steps to success.
TweetablesScheer Landlord Protection: Grow exponentially, or at your own pace.
When bad things happen to good tenants, property managers get stressed out.
For most landlords, rental property is their most expensive investment.
Scheer Landlord Protection: Covers malicious damage, eviction costs, and loss of rent.
ResourcesDave Holt's Phone Number: 612-465-0421
National Association of Residential Property Managers (NARPM)
U.S. Department of Housing and Urban Development (HUD)
Transcript
Jason: Welcome, DoorGrow hackers to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing your business and life, and you are open to doing things a bit differently, then you are a DoorGro