Regardless of the type of property you have, you need to protect your investment at is the source of your income. It is important to understand property insurance options before buying coverage. And to understand what’s the best fit for your investment, communicate to an insurance professional. Today, Matt Sutika shares his expertise in multifamily insurance. He also talks about the most important things that people should know when looking for insurance for their property.

What You’ll Learn From This Episode:

• Matt’s Background and How He Started His Real Estate Career
• Best Time to Contact an Insurance Professional When Buying Multifamily Properties
• Submitting Multiple LOIs (Letter of Intent)
• Importance of Building Strong Relationship with Investors
• Things that People Should Consider When Submitting an Initial Underwriting
• Things that Investors Should Know When Looking for an Insurance
• Benefits of Having an Insurance to Protect Your Real Estate Properties
• Common Mistakes of People When Shopping for an Insurance
• Importance of Finding Your Process, Your Broker, and Understanding the Market that You’re In
• Hardwork and Honesty to Invest Successfully
• Using Technology to be More Efficient with Business

Guest Bio

Matt Sutika is the Chief Investing Officer at Obie, where they help investors manage insurance, multifamily and commercial property portfolios all in one place.  He is an award-winning entrepreneur and business owner and previously, was the #1 ranked State Farm agent.