The Economics of Everyday Things · 87. Ski Areas
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pay property and liability insurance equal to about 9% of total expenses
9% of expenses
“Triple net lease properties. Which means that the tenant is paying maintenance. They're paying insurance. They're paying taxes. All the REIT is doing is taking the money and cashing the check.”
“Combustible cladding can directly affect a purchaser's ability to borrow… we look out for whether the Owners Corporation carries public liability insurance.”
“We are very careful with AI enhanced images because one, it's a misrepresentation of the property and it creates liability for us and for our client”
“The new property manager started documenting things... we had the documentation saying... they were lying. My insurance ... paid around $14,000 to $15,000 to settle the case.”
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