5 Pro Tips for Saving on Landlord Insurance 48

5 Pro Tips for Saving on Landlord Insurance

This post was written by Sarah Williams.

Landlord insurance serves to be the biggest support to landlords these days. It provides a sense of security with which they can take up new risks.

It has been observed many times that landlords tend to fall prey to the false promises of insurance companies which leaves them with no support in cases of distress and emergencies on which they could count on.

Lower priced insurance is low for a reason which very few people tend to understand.

Now, that you are a landlord and willing to purchase insurance, the following points could help you save tons of money and get hands on the right insurance for you.

1. Find the right agent.

It is quite clear that you will not be endorsing and advertising the building or home you built and for that matter, you will require a professional agent.

Hiring an agent is a necessity, and so you must be very careful in that respect. You can revert to your fellow landlords for getting some good suggestions on the best agents in the locality.

You can also contact some trusted agencies who will match your requirements with the potential of various agents and suggest you the one who fits according to your needs.

2. Get liability insurance.

Landlord insurance will protect your property against any loss or damage. Such insurance will be a great help in matters of your property but what about yourself?

For protection against any lawsuits in future, a liability insurance can be of great help.

For better protection, you should increase the coverage amounts with time. Liability insurance can be helpful when someone else does the blunder for you and therefore it is a must have for all landlords.

3. Make a claim only when required.

Every time you claim minor damages, you will be recorded for it which will be on record for many years to come. Thus making your profile less credible and more doubtful.

A claim should only be made when something terrible has happened, and you absolutely need the claim money to get the repairs done. Every single claim is marked in negative for you for your future endeavors.

It is highly imperative that you only make big claims and only when it is a catastrophe for a better profile.

4. Choose the right insurance.

The most important step in saving the most on insurance by choosing the perfect landlord insurance for you.

It is not necessary that the insurance which was suitable for your fellow landlord will be suitable for you as well. Every landlord’s needs vary from person to person depending on their land, and its requirements.

Insurance is your biggest help and support in hard times. Therefore, choosing the right insurance will help you get through the catastrophe without much problem.

Pick a policy where you get better returns without paying too much for it.

5. Review your mortgages.

Mortgages can be influential on your insurance policy. If you are wondering how then you are at the right place. The more mortgage you pay, the lesser you will be left with to contribute to your insurance.

Your insurance is your shield against all the odds therefore keep reviewing your mortgages to pay only what you should and use the rest of the sum for better insurance benefits.

Your savvy nature and presence of mind can be highly helpful in various ways. Your agent can also be beneficial in helping you get the perfect tenants whose rent will contribute to take care of your insurance payments. Be very specific about your needs to get the right landlord insurance for you.

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The 5 Most Popular Ways to Make Money on Instagram 38

The 5 Most Popular Ways to Make Money on Instagram

It’s possible to not only make money on Instagram but to even turn this into the biggest asset for your business.

Of course, every item on the list below means you’ll first need to build a following and then monetize it in a way you find best for your strategic goals. But once you have an audience, you attract even more people. And what’s more, they are all more engaged than on any other platform online.

Some individuals and businesses are making a fortune solely on Instagram, but it’s taken them some trial and error to get there.

So, let’s find your best option to cash in on this social media channel:

How to Make Money on Instagram

1. Affiliate marketing.

Affiliate marketing is an option for almost anyone that has control over a platform online. With it, you simply redirect people to another person’s products or services and earn a commission for each sale.

Just like you can do this with your blog by writing reviews or linking to products from your sidebar, and with your email newsletter where you can encourage subscribers to give something a try, you can also use social media to promote an affiliate URL.

With Instagram, that can happen mainly by making the link in your bio point to an affiliate page. Then growing your audience with the hope that many followers will be clicking on it.

But to make the most out of the visual side of Instagram, post beautiful images or even image quotes depending on the type of product or service you promote. Use the description to encourage people to click the link in your bio.

Of course, you’ll need to be targeting the right people. Those that are interested in the niche and the products you’re trying to sell. Also, you’ll have to be making the most of the hashtags related to this field.

2.  Sponsored content.

Next, you can make money on Instagram by publishing sponsored posts.

Once you have a big following that’s engaged, you can start mentioning other products, brands or Instagram accounts.

That shouldn’t be aggressive, though, as users can easily feel when you’re getting too promotional and will quickly unfollow you. So make sure you keep your posting schedule consistent and stick to your overall strategy, but begin publishing a sponsored post every now and then and let it blend into your feed.

For example, some popular Instagram accounts who publish inspiring quotes and motivational content often repost someone else’s post. Or even publish a screenshot of another profile, and use the caption or description to mention it so that people can follow it directly.

This way the other person’s content and account get exposure and you get paid for that.

And if that doesn’t sound lucrative enough to you, let’s think in numbers. With a big enough following, some Instagrammers are charging hundreds or even thousands of dollars for posting a single picture with a mention of a brand or a product on it.

3.  Sell your stuff.

That’s an obvious one, but worth mentioning.

Make money on Instagram by using all the content you post on your account to motivate people to click the link in your bio, where they’ll be presented with your best offer.

That can be your latest book, your membership site, your store on Etsy, your business services, or else.

In this case, your goal will be one: to turn more followers into customers.

Of course, you can also link to your blog or podcast, but here we’re talking about direct ways to monetize Instagram.

4. License your photos.

How to Use Your iPhone to Take Good Travel Photos

You don’t need to be a photographer, but if you’re making great pictures anyways, you might as well get paid to do that.

Many businesses or individuals can’t create their own photos but are looking for inspiring images to go together with their content. If you’re a travel enthusiast, for instance, or a foodie who loves to plate your food like a pro, let your Instagram account be the place to put all that inspiration online.

Add a watermark to each photo and use the caption, description and link in bio to let people know where they can buy the photos.

There are actually 2 great marketplaces where you can put your Instagram photos up for sale. That’s Foap and Twenty20.

5. Sell your account.

A less popular, but highly lucrative option is to invest resources to grow an account and then sell it. That’s not against the rules, of course, and is for people who aren’t promoting their own business or brand, and who are simply doing it for the money.

It’s similar to flipping sites.

You can use ViralAccounts – a platform for selling and buying viral social media accounts.

So, I think there ways to make money on Instagram are enough to get you started and let you create your strategy and start building your following.

How will you monetize your account and why?