Renters Insurance.....Assurant goes away, MSI is the new provider

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Glenn Russell

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Jul 24, 2019, 5:33:07 PM7/24/19
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How are you planning to transition to this new product?

It seems for the middle of the road clientele, it will be fairly painless.
They log in thru their "portal" and make the arrangements.
           (and it's less expensive with equal or better coverage)

But the people who really *NEED* the coverage, are the same folks
who don't have credit cards and liquidity to pay this separately from
their rent ledger.

Suggestions on how to handle?

Glenn
   Cell: 757 - 641-7400

Glenn Russell, Broker
Coastal Group, Inc. Realtors
4634 Haygood Road
Virginia Beach, VA 23455
Cell: 757 - 641-7400
Ph: 757 - 233-9595 
Fax: 757 - 233-9696
Glennhruss...@gmail.com
http://GlennRussell.com
www.CoastalVirginiaProperty.com  ...search all 4 cities...
www.VirginiaBeachProperty.management

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Coastal Group, Inc. represents as clients, its Sellers and Landlords 
unless otherwise disclosed.  Please ask us about representation.

Glenn Russell

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Jul 29, 2019, 2:27:25 PM7/29/19
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is no-one else concerned about how best to manage this change-over?
Glenn

Devin Bewley

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Jul 29, 2019, 3:26:46 PM7/29/19
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Honestly Glenn,
I don't use them for renters insurance and I'm not sure how many of us really do. That may be why you haven't received any response.

Have a fantastic day!
Devin Bewley
Broker/Owner
Legacy Properties-PM LLC.
720-989-1996
www.legacyproperties-pm.com
P.S. Any typos or unusual phrases are courtesy of Google Voice to Text.

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Elm Management Group, LLC

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Jul 29, 2019, 4:03:10 PM7/29/19
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I have 6 that are on the program but until I see that the note is in the tenant portal with the set up I  have not contacted my tenants.  I will probably just send a email letting them know. 

Andie Stephenson
Broker/Property Manager/Notary

"We Love Referrals"

Elm Management Group, LLC              
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9205 W. Russell Road #240                          
Las Vegas, NV 89148                           



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Glenn Russell

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Jul 29, 2019, 4:26:39 PM7/29/19
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We have approx. 80 of our 400 tenants using it.
We urge the Buildium renters insuranc coverage on roommate situations and 
those folks who don't have an automobile policy to "bundle" it with.

Of those 80, approx. 30 don't have credit cards, which is the only method
to pay this new coverage   (which is less expensive than the Assuran product)

That's part of the reason for how other brokers plan to make this transition.

Is there a brokerage out there of any size that has 100% compliance with their
renters insurance requirement?    We find that it's like herding cats.......

Glenn
   Cell: 757 - 641-7400

Glenn Russell, Broker
Coastal Group, Inc. Realtors
4634 Haygood Road
Virginia Beach, VA 23455
Cell: 757 - 641-7400
Ph: 757 - 233-9595 
Fax: 757 - 233-9696
Glennhruss...@gmail.com
http://GlennRussell.com
www.CoastalVirginiaProperty.com  ...search all 4 cities...
www.VirginiaBeachProperty.management

                 http://vimeo.com/36097429
Coastal Group, Inc. represents as clients, its Sellers and Landlords 
unless otherwise disclosed.  Please ask us about representation.



To view this discussion on the web visit https://groups.google.com/d/msgid/buildium-narpm-users/CAApeoBVcSgBUKXtbschB%3D_uZMykVy-8fwr%3D%3DsHF4Vcoe5GKiVw%40mail.gmail.com.

Mary Hurd

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Jul 29, 2019, 5:56:57 PM7/29/19
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Hi Glenn,

We don’t use them for our renters insurance so the change doesn’t affect us. 

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Mary Hurd

Owner, Property Manager
Rent Smart Property Management 


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Aaron Silverman

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Aug 15, 2019, 6:01:32 PM8/15/19
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I do not use the renter's insurance feature.  It is another Buildium add on that annoys me.  I wish they would improve their core product, aka management software, which would improve their revenue.  Instead, they are only focused on improving their income.

Jim Lester

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Aug 15, 2019, 7:01:01 PM8/15/19
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My thoughts exactly. Buildium, or BUM, as we call them seems to think that an endless stream of add-ons will make us forget the basic problems with its accounting software.

On Thu, Aug 15, 2019 at 6:01 PM Aaron Silverman <aa...@aaronsilverman.com> wrote:
I do not use the renter's insurance feature.  It is another Buildium add on that annoys me.  I wish they would improve their core product, aka management software, which would improve their revenue.  Instead, they are only focused on improving their income.

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Jim Lester
Uncommon Property Realty, Inc.

Aaron Silverman

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Aug 15, 2019, 7:45:29 PM8/15/19
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hahaha, so true Jim.

Thea LaCross

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Aug 16, 2019, 11:59:39 AM8/16/19
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We would gladly use the Buildium renters insurance product, but not being able to set payments up for ACH rules out the vast majority of our tenants. We are an affordable-housing group so credit cards are not an option for many of our folks.

Aaron Silverman

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Aug 16, 2019, 3:35:12 PM8/16/19
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That is part of my point/comment/frustation.  They seem to only be focused on increasing income and profit centers without regard for how it impacts their users.

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