I just came up with an idea for a business. I'm posting this in the Speedway because I don't want it out in the open, but I want to get some feedback on it.
It looks like there are a couple of businesses that offer this, but I don't know if they market how I would.
The idea came to me as I read someone's post about how an investor should always have cash reserves for those instances where something breaks in one of their properties, and they need the cash quickly to cover for it. First, I came up with a "Real Estate Investing Insurance" type business. For a monthly fee, we would insure their appliances and other big expenses so that there is no need for a "cash reserve". I'm still considering that idea, but I kinda took it in a different direction.
Instead of selling insurance, I'd be renting out the appliances. For a monthly fee, a working appliance would be guaranteed to be placed in the homes. I would market mainly to investors who are afraid of having to maintain their properties because of the risk of something breaking. I could also work out deals w/property management businesses to supply their properties.
I know it'd depend on the price, but would any investors out there have any interest?
It looks like there are a couple of businesses that offer this, but I don't know if they market how I would.
The idea came to me as I read someone's post about how an investor should always have cash reserves for those instances where something breaks in one of their properties, and they need the cash quickly to cover for it. First, I came up with a "Real Estate Investing Insurance" type business. For a monthly fee, we would insure their appliances and other big expenses so that there is no need for a "cash reserve". I'm still considering that idea, but I kinda took it in a different direction.
Instead of selling insurance, I'd be renting out the appliances. For a monthly fee, a working appliance would be guaranteed to be placed in the homes. I would market mainly to investors who are afraid of having to maintain their properties because of the risk of something breaking. I could also work out deals w/property management businesses to supply their properties.
I know it'd depend on the price, but would any investors out there have any interest?
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