Help for Landlords

If you are a landlord who rents out single family homes, times have never been harder for you in Florida:

• Since rental homes can't be protected with homestead or "Save our Homes" exemptions, property taxes are "sky high" and continue to rise.
• If you purchased a rental home using an adjustable rate mortgage or a home equity line of credit, those rates have gone up dramatically.
• The flooded real estate market makes it difficult for you to sell or rent your home.
• Lawn service and other utilities continue to increase.
• Dwelling Fire insurance to protect your real estate investment has continued to increase and the number of companies writing new Dwelling Fire policies continues to decline.

In short there is a very good chance that as a landlord investor, you are experiencing significant negative cash flow on your investment. Maybe you've considered walking away from the mortgage and your investment.

Before you do, take a look at the Home Insurance Buyers Guide.

The Buyers Guide database includes the names of Florida homeowner insurance companies writing new dwelling fire coverage for rental homes in 66 of Florida's 67 counties.

The Florida Office of Insurance Regulation reported 578 companies authorized to write dwelling fire insurance coverage as of January, 2008. Our research has identified only 19 private companies out of the 578 that are still writing new dwelling fire policies in Florida.

If the Buyers Guide helps you to find even one lower priced, private insurance option, it might make enough of a difference in your monthly cash flow to allow you to:

• Hold onto that rental property
• Ride out the real estate market downturn
• Sell your investment in the future with the kind of profit you had hoped for when you bought it in the first place.

The time has come for you to take control of your own Florida homeowner insurance cost.

It doesn't matter who your current insurance agent is or how long you have been with them.

You need to put the dwelling fire insurance coverage on your rental home out to bid.

Get the guide.

Find out more about the Buyers Guide.