Wren McFadden's Double Play: Investing Smarts and Insuring Wisely in Real Estate

In this insightful episode of The Hybrid Real Estate Professional Podcast, we sit down with Wren McFadden, a seasoned insurance broker and real estate investor, who shares invaluable insights into the often-overlooked realm of insurance for real estate investments. Wren, who runs the McFadden Agency under Goosehead Insurance, dives into common pitfalls in purchasing insurance, the current state of the industry, and strategies to mitigate risks effectively. Beyond discussing insurance intricacies, he opens up about his own journey as an investor and business owner. Wren is now my personal insurance broker, having saved me several thousand dollars across our rental portfolio. He helps educate investors and partner with them for the long-term to come up with insurance strategies & coverage that fits their individual needs. You can reach out to Wren at [email protected]. Timeline: 00:00 - Introduction 02:35 - How Aaron and McFaden met 04:05 - Working with investors 07:19 - Inflated insurance costs 12:35 - Roof schedule? 15:28 - Cross collateralization 22:18 - How long can claims be held on? 23:28 - Investing in highly populated areas 31:43 - McFaden's line of work and investing in real estate 38:07 - McFaden's business anatomy 41:12 - Advice to someone new getting into real estate investing 43:54 - Thank you ▬▬▬▬▬▬▬▬▬▬CONTACT▬▬▬▬▬▬▬▬▬▬ Feel free to reach out to me at any of the following: Email: [email protected] Twitter: https://twitter.com/AaronAmeen Instagram: https://www.instagram.com/thehybridrealestatepro/ LinkedIn: https://www.linkedin.com/in/aaron-ameen/ .................................................................................................................. Thanks for watching, and if you liked this video, please leave a LIKE. Subscribe to my channel and click the 🔔 icon for notifications when I post a new video. If you like this video, I’m sure you’ll love my tweets & newsletter. Please follow me on Twitter @AaronAmeen - https://twitter.com/AaronAmeen or subscribe to my newsletter at https://www.thehybridrealestateprofessional.com. I write about the bridge of career, family & finances (specifically real estate investing). Have a fantastic day! -Aaron Ameen ............................................. Disclaimer: Some of the links may be affiliate links, meaning, at no additional cost to you, I will earn a commission if you choose to make a purchase. I am very grateful for your support of this channel in this way. Thank you.