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Agnes Greco
Sep 11, 2019, 4:13:32 PM9/11/19
to InvestorUndergroundAustin
I have been contacted by an insurance company that is providing Security Deposit Ins.
The tenant pays $10/month for 1000 worth of security deposit, for example.
The insurance company will pay the landlord up to the amount of the policy for damages
from the tenant. Landlord can then advertise 0 Security Deposit. Has anyone tried this
service or know someone who has?
Thanks,
Agnes
Monica Molina
Sep 11, 2019, 11:50:39 PM9/11/19
to Agnes Greco, InvestorUndergroundAustin
Hi Agnes,
I have not heard about it, but I am interested to know.
Warm regards,
Monica Molina
Casa Fortuna Investments, LLC
409 W Front Street
Ste. 100-174
Hutto TX 78634
*We buy real estate
& solve tricky real estate problems: estates, probates, mortgage and
tax foreclosures, city liens, judgments, etc.
*We pay REFERRAL FEES
on leads resulting in closed deals.
*We
pay 8%-10% annual interest to private money lenders on loans secured by real
estate. Earn steady passive monthly income. IRAs allowed.
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Agnes Greco
Sep 12, 2019, 7:06:37 PM9/12/19
to Alberto Klie, Monica Molina, InvestorUndergroundAustin
From my friends who own hundreds of units...."I'd rather be in control of the security deposit" and.... "have you ever had a hard time getting money from an insurance company?" I'm passing.
On Thu, Sep 12, 2019 at 11:02 AM Alberto Klie <albe...@kw.com> wrote:
never heard of it but sounds interesting. Following..Texas law requires all licensees to provide the information in these links:
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
1801 S MoPac Expy, Ste 100
Austin, TX 78746
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Forest Peltan
Sep 16, 2019, 1:52:53 PM9/16/19
to Alberto Klie, Agnes Greco, Monica Molina, InvestorUndergroundAustin
Any prospective tenant who doesn't have money for a security deposit, that's a red flag. Second, now the tenant has nothing to lose, since there is no deposit for them to try to get back from you in exchange for not damaging your property, giving proper notice, etc.
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