The Importance of Treating Your Property Like a Business

LZ Granderson: It doesn't sting as much when there's an insurance policy that's covering the cost of the defense. What if that property owner didn't have insurance roughly just not exact numbers? How much are we talking to mount a similar defense? LZ: If I were charging my hourly rates, I would estimate that in today's dollars for me to get that result, probably you would be paying out of pocket around $10,000. The one thing I do like about real estate investing is it's incredibly simple. And there's people that have been doing it for hundreds of years and can help you learn from their mistakes.