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 wren.mcfadden@goosehead.com.

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  

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Feel free to reach out to me at any of the following:

Email: aaron@aaronameen.com Twitter: https://twitter.com/AaronAmeen

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LinkedIn: https://www.linkedin.com/in/aaron-ameen/ ..................................................................................................................

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Have a fantastic day! -Aaron Ameen

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