George I carry a 3 mill liability policy so I am not low balling in the basement. You really need to work at insurance.
I was along time customer of Farm Bureau. I noticed my premiums had climbed over 30% in two years with zero losses. Looked back over ten years and the cost had doubled. I questioned the local agent. He had me insured for everything short of the sky falling. Everything added to my cost and his pay check. I went price shopping and kept the main amounts of coverage the same but with higher deductibles and less frills. I can cover a $5000 roof myself. The saved premiums from just a year or two will have that back and more. Then I am banking saved money.
If you don't want any risk then you had better dump all of the rentals and commercial properties. There is risk with them all.
I would rather hold money in reserve and pay myself over PAYING an insurance company to do the same thing for me less their cut.
As for the commercial property. SELL IT NOW!!!! The economy is better now so dump that turkey. Even at a slight loss you will be better off in the long run. You can take that same amount of money and put it into residential property an make a much better return. Plus liquidation down the road is much easier. A house can sell to several type of buyers.
A commercial property is just too confined to really make good money unless your in a large urban area. Even then you had better be in a "hot" area or you can still lose your shirt. Several lower priced residential properties will return more on your investment of a like amount in one commercial property.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.