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The REI Tribe

31 members • Paid

15 contributions to The REI Tribe
Homeowners insurance companies are not your friend
Just a reminder that the PRIMARY job of insurance companies is to take money from your escrow every 6 months and do everything in their might to not pay you out when a claim has been submitted. They are not always right and you can use AI tools to call them out. My property is currently under construction and can be considered “vacant,” I had a thief that broke in and caused $24,000 in damages. I filed an insurance claim and it was denied because they “don’t cover vacant properties.” I sent the policy to chatgpt and chatgpt caught a loophole where they say “vacant homes that are currently under construction are not considered vacant.” I went ahead and submitted an appeal, they didn’t reply nor were not picking up my phone calls. I was ignored for almost 2 months. Ok cool, guess we going to do it the hard way. I filed a complaint to the states insurance administration and called a lawyer last week through LegalShield to send out a letter on my behalf. And LO AND BEHOLD… my first contact ever since my appeal 2 months ago… got an email this month saying the check is on its way. So lesson learned, these insurance companies will try you hoping you don’t challenge them. Don’t budge yall!
1 like • Jun 3
Wow! Thanks for the insight and sorry you have to go through this! Ai for the win!
Project Commenced
The project has officially begun as the roofers are tearing off the old roof and replacing it with a brand new one! 😆
1 like • May 27
Nice! The good news is that you should have several years of no headaches with leaks!
New Here !
Hello my name is Lashae, I'm a newbie here and this world but ready to launch .
1 like • May 27
Hey Lashae! Welcome!
Welcome Home Gifts For Tenants
So I was thinking about gifting each tenant who decides to move into our units a welcome home gift , do any of you do that for your tenants? I found this on Etsy !
Welcome Home Gifts For Tenants
3 likes • May 27
I can definitely see why you would want to give them a gift as a kind gesture but I am not sure I would do it with a new tenant. Now that doesn't mean that you shouldn't either. To piggy back on Kevin... it might set the wrong idea to the tenant. Having a new tenant is almost like getting into a new relationship. I would focus on making sure they know things like: how to pay you at the end of the month, what they need to with the trash, etc. IMO the best relationship between a landlord and a tenant is none at all. I have a huge responsibility to give them somewhere clean and safe to call home. When there is an issue or a service request I tend to them? I don't want a "friendly" tenant thinking it's ok to not pay me my money.
🚀 **Exciting Updates from My Real Estate Journey!** 🚀
At the start of 2025, I set a goal to add at least 6 more units to my portfolio, and I’m thrilled to share that as of May 14th, I'm already under contract for 4 units! 🎉 Plus, I made an offer on unit number 5 just last night! But that’s not all—I’m also venturing into a new project: launching my first crash pad! This has the potential to be the most exciting endeavor I tackle this year. By converting one of my new units into a crash pad, I’m set to open at least 4 additional streams of revenue, and I couldn’t be more excited about it! The unit I plan to transform could generate about $1,750 per month as a long-term rental, but as a crash pad, it’s expected to bring in around $6,400 monthly—plus extra revenue from vending machines! 💰 When people ask me why I love real estate, this is exactly it! I thrive on the creativity involved, the potential for cash flow, and the chance to maximize appreciation while others overlook these opportunities. I’m taking an asset that many may dismiss and using it to build a life of abundance for myself and my kids. Here’s to dreaming big and making it happen! 🌟 #RealEstate #CrashPad #CreativeInvesting #AbundanceMindset #BuildingWealth
2 likes • May 20
@Kevin Navarro let's get it
1 like • May 20
That is amazing Dyani. I am just trying to be like you when I grow up.LOL Congrats! This idea of a crash pad is interesting. I want to hear more about it
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Christopher Trastoy
3
24points to level up
@christopher-trastoy-8057
👋

Active 117d ago
Joined Feb 23, 2025
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