My INSURANCE company cancelled me!!!

Having a landlord policy is a must have when it comes to owning real estate properties. It is important to be covered in case something happens that could cost thousands of dollars.

When I first obtained ownership of my rental property, that was the first thing I purchased.

I remember the day I met with the insurance agent. She was an investor herself and she understood that it was an investment property for me. I believe I reached out to her when I was looking for a property manager, not knowing at the time that she sold insurance.

I’ve been with this company for about 3 years now. I never filed a claim and I made my payments on time because I set autopay with them.

So I was very shocked when I received this letter, not once, but twice. Yes, they sent me two copies of the same letter to the same address.

I didn’t know this was a rule! 😯

As shocking as this was, I understand that these things happen and lucky for me, I am resourceful enough to find another company.

I requested quotes from 3 companies and only 1 of them actually gave me a quote. So, of course, I went with that not only do I love and trust, but a company that I already have a relationship with.

I wrote this post because I know even everyday homeowners are getting dropped by their primary homeowners insurance companies. Hopefully this will bring more awareness to this situation and let my readers know that you are not alone and there are options for you. You will need to do your research to find the right company for you, but it is doable.


Applying Tax Lien Lessons from 2020 towards the Upcoming 2022 MS Tax Lien Auction

August 29th is currently the scheduled date for the MS Tax Lien fall auctions.  I purchased three last year and I have only received funds from one of them so far.  I talk about buying tax liens in my ebook Trials and Tribulations of a Rookie Real Estate Investor.

I’m going to breakdown how much money I actually earned on the one I received recently.

MS Tax Lien Redeemed
  • The delinquent amount on the property was listed at  $319.38.
  • I overbid $25.00 which means I paid $344.38.
  • The owner had accrued $57.49 in interest.
  • I received a check for $376.87 less than a year later.
  • $376.87 –  $344.38 = 32.49. 
  • I made a profit on one tax lien of $32.49. 
  • That is a little over 9% interest I earned.


This year I have a better strategy.  I wrote a 9 step checklist for myself to follow starting from reviewing my past purchased tax liens to placing pre-bids. It’s a similar checklist I have written about in previous blog posts. The checklist is in a specific order because there are things I have to do before pre-bidding starts.  In 2020, I lost money and I wrote about in Another Tax Lien Redeemed and A Lesson Learned blog post.

In order to avoid this moving forward, I will stick to bidding  15% or less.

Where Is My Mailbox Money??

I refer to mailbox money as money that I receive in the mail from my tax lien investments. It’s a nice surprise to receive money after investing especially if I’ve kinda forgotten about it.

However, due to everything going on today, I’m wondering what’s going on. This time last year, I had received checks for two of the three tax liens I had purchased and I haven’t received any from the ones I purchased last year.

As I listen to the news, podcasts and read FB posts from other real estate investors, I’m wondering if it’s gotten so bad that people cannot afford to pay their property taxes. Will that mean, that tax lien investors will get opportunities to obtain properties at an even lower price than buying them from the MLS or by doing seller financing deals???

I honestly don’t know!

I buy tax liens for the returns they provide because 10 % is far better than the .01% that a bank savings account gives you.

Plus, bidding is not hard once you set your criteria and stick to it. It just takes a little due diligence.