• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • RECOMMENDED BOOKS
  • FREE TOOLS
  • CONTACT US
  • ABOUT

The Fortunate Investor

Investing, Business & Personal Finance For Wealth Builders

  • Save Money
  • Invest Your Money
  • Get Out of Debt
  • Making Money Online
  • Family & Money
  • Taxes
  • Business
  • Retirement
    • Retirement Calculator
Home » Are You Protecting Your Real Estate Properly?

Are You Protecting Your Real Estate Properly?

January 15, 2020 By Bobby | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

Are You Protecting Your Real Estate ProperlyIf you’ve got real estate, and you’ve recently come into possession of it, it’s time to ensure you’re protecting it just right. After all, there’s a lot that can go wrong when it comes to property and the housing market at large, but there are a few things you can to make sure trouble doesn’t come to your door. 

You’ve already spent a lot of money, and you’ve invested just right, and you want to be sure your property brings as much money as possible back into your assets. And if you’re interested in finding out how to keep your buildings safe, both domestic and commercial, we’ve got a few details for you below. 

Any one of these homes could be uninsured and at danger. 

Get the Right Insurance Policy

Your property is going to need the right kind of insurance to protect it. Home or contents insurance won’t be enough here – you need to comb through each and every policy you come across to see if your property needs are covered. And sometimes, you might need to invest in vacant property insurance; if you have no tenants at the minute, or you won’t for the foreseeable future, this might be of the most use to you. 

Get Your Policy in Writing, and Keep it Safe

Once you do find the right insurance for you, you’ll need to get it in writing, and then keep it safe. A physical copy allows you to back yourself up under law; oral agreements rarely hold water in the modern day and age. If you have a safe in your home to make use of, keep it in there. At the same time, be sure to have a digital copy to make use of too; if you don’t have a copy via email, be sure to scan your paper copy in and keep it on file. Why not keep it on a separate USB as well as your main computer, to ensure you’ve got more than one point of reference? 

Think About Opening Up a Company

Think About Opening Up a Company

And if you’re planning to take on more than one property, and you’ve got business or further capital ambitions, it might be worth it to open up a company surrounding the use of your property. This is all to do with asset protection planning, which you might want to look up for further details. 

A limited liability company would be of most use to you here, if you’re planning to register a business. It’s best to own property in a name that isn’t your own, to ensure your assets have extra protection under law, and you have more use of lawyers and other real estate property at your disposal. 

If you’ve got real estate property, it’s time to ensure you’ve got coverage for it. Whether a property has just come under your ownership, or you’re planning to expand your current portfolio, some extra steps need to be taken for the best results in the future.

  • About
  • Latest Posts
Bobby
Latest posts by Bobby (see all)
  • 4 Things to Do If You Want to Get Out of Debt - February 24, 2021
  • How to Establish AManufacturing Business During 2021 - February 23, 2021
  • Everything You Need To Know About Using Loans To Clear Debt - February 22, 2021

Primary Sidebar

Popular Articles

Should You Use Red On Your Website

Should You Use Red On Your Website?

There are lots of components that come together in regards to effective and attractive web design. … Read More about Should You Use Red On Your Website?

4 Things to Do If You Want to Get Out of Debt

4 Things to Do If You Want to Get Out of Debt

Whether small or significant, debt is something that affects everybody. It could be credit card debt … Read More about 4 Things to Do If You Want to Get Out of Debt

Simplifying The Quest Of The Online Side Hustle

Simplifying The Quest Of The Online Side Hustle

Time and time again these days, we’re bombarded with suggestions for top side hustles that are … Read More about Simplifying The Quest Of The Online Side Hustle

The Benefits of Using A Reciprocating Air Compressor for your Business

How to Establish A Manufacturing Business During 2021

Starting a business takes a lot of time and dedication and growing your business is something that … Read More about How to Establish A Manufacturing Business During 2021

Looking To Improve Your Credit Score Here Is What You Should Do

Looking To Improve Your Credit Score? Here Is What You Should Do

Your credit score tells a lot about you. It is the tool that financial institutions use to gauge … Read More about Looking To Improve Your Credit Score? Here Is What You Should Do

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
INSTAGRAM
YOUTUBE

Copyright © 2021 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service