#80 - Storm-Proofing Your Real Estate Investment with Jules Sneddon and Trevor Moss
10/16/24 • 51 min
Welcome back to another exciting episode of Passive Income Pilots! This week, Tait and Ryan talk with Jules Sneddon and Trevor Moss from the National Real Estate Insurance Group to explore everything you need to know about insuring your real estate investments. From protecting against storm damage to navigating the rising insurance costs in high-risk areas like Florida, Jules and Trevor break down the essentials. They share expert tips on choosing the right coverage, avoiding common pitfalls, and how to vet a reliable insurance carrier.
Jules Sneddon is the Executive Vice President of Sales and Marketing at National Real Estate Insurance Group, with over 32 years of experience in the insurance industry. She is also a licensed real estate agent and soon-to-be broker. Jules is known for her expertise in helping real estate investors navigate complex insurance needs, ensuring they have the right portfolio coverage.
Trevor Moss, the Director of Program Sales with 3.5 years at NREIG, is dedicated to ensuring investors are fully protected and educated about their insurance options.
🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024.
Show notes:
(0:00) Intro
(5:20) Why flood insurance is crucial in storm-prone areas
(7:33) Impact of hurricanes on the insurance industry
(10:28) How to vet a reliable insurance carrier
(13:21) Red flags in property insurance policies
(17:19) What is the National Real Estate Insurance Group?
(19:35) Pros and cons of umbrella policies
(26:30) Evaluating risk vs. reward in Florida property insurance
(33:36) Choosing a higher deductible for a lower insurance cost
(36:55) Up and coming in the real estate industry
(41:10) Importance of documenting contents in rental properties
(43:45) Business interruption and loss of rents insurance explained
(46:31) Unusual claims and lessons learned
(50:41) How to contact National Real Estate Insurance Group
(51:22) Outro
Check A.M. Best for insurance company ratings: https://web.ambest.com/home
Connect with Jules and Trevor:
Visit the NREIG website today: http://affiliate.nreig.com/PassiveIncomePilots
Phone: 888-741-8454
Email: [email protected] (Trevor Moss)
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
Welcome back to another exciting episode of Passive Income Pilots! This week, Tait and Ryan talk with Jules Sneddon and Trevor Moss from the National Real Estate Insurance Group to explore everything you need to know about insuring your real estate investments. From protecting against storm damage to navigating the rising insurance costs in high-risk areas like Florida, Jules and Trevor break down the essentials. They share expert tips on choosing the right coverage, avoiding common pitfalls, and how to vet a reliable insurance carrier.
Jules Sneddon is the Executive Vice President of Sales and Marketing at National Real Estate Insurance Group, with over 32 years of experience in the insurance industry. She is also a licensed real estate agent and soon-to-be broker. Jules is known for her expertise in helping real estate investors navigate complex insurance needs, ensuring they have the right portfolio coverage.
Trevor Moss, the Director of Program Sales with 3.5 years at NREIG, is dedicated to ensuring investors are fully protected and educated about their insurance options.
🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024.
Show notes:
(0:00) Intro
(5:20) Why flood insurance is crucial in storm-prone areas
(7:33) Impact of hurricanes on the insurance industry
(10:28) How to vet a reliable insurance carrier
(13:21) Red flags in property insurance policies
(17:19) What is the National Real Estate Insurance Group?
(19:35) Pros and cons of umbrella policies
(26:30) Evaluating risk vs. reward in Florida property insurance
(33:36) Choosing a higher deductible for a lower insurance cost
(36:55) Up and coming in the real estate industry
(41:10) Importance of documenting contents in rental properties
(43:45) Business interruption and loss of rents insurance explained
(46:31) Unusual claims and lessons learned
(50:41) How to contact National Real Estate Insurance Group
(51:22) Outro
Check A.M. Best for insurance company ratings: https://web.ambest.com/home
Connect with Jules and Trevor:
Visit the NREIG website today: http://affiliate.nreig.com/PassiveIncomePilots
Phone: 888-741-8454
Email: [email protected] (Trevor Moss)
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
Previous Episode
#79 - From Cockpit to Space: On Grit, Leadership, and Space Travel with Col. Eileen Collins
Welcome back to another inspiring episode of Passive Income Pilots! In this episode, Tait and Ryan sit with Colonel Eileen Collins, the first woman to command a NASA space shuttle. Colonel Collins shares her incredible journey, from becoming a pilot to breaking barriers in space exploration. She dives into leadership lessons, risk management, and the challenges of balancing family life with her high-flying career. Whether you’re an aspiring astronaut, pilot, or leader, this episode is packed with valuable insights and motivational stories that inspire you to aim higher!
Colonel Eileen Collins is a retired NASA astronaut and the first woman to command a space shuttle. With over 800 hours in space, she’s an aviation and space exploration trailblazer. Throughout her career, Collins broke barriers, serving as a U.S. Air Force test pilot and instructor before flying four space shuttle missions. In this episode, she shares her inspiring story of leadership, determination, and balancing family life with a high-risk career, offering invaluable lessons for anyone looking to reach new heights.
🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024.
Show notes:
(0:00) Intro
(3:17) Early flying interest and the path to becoming a pilot
(4:50) Grit and determination to become an astronaut
(7:48) Balancing space missions with family life
(9:51) Reflection on the Columbia disaster and risk management
(17:56) The thrill and intensity of a shuttle launch
(25:37) Re-entry and adjusting to life back on Earth
(30:31) Leadership lessons and insights
(48:11) Future of commercial space travel and accessibility
(53:07) The physics of shuttle re-entry
(58:34) Closing thoughts and details on Collins' book and upcoming documentary
(1:01:10) Outro
Connect with Col. Collins:
Book: Through the Glass Ceiling to the Stars: The Story of the First American Woman to Command a Space Mission - https://amzn.to/4eWIYwu
LinkedIn: https://www.linkedin.com/in/eileen-collins-8a582351/
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
Next Episode
#81 - The Power of AI and Passive Income Strategies for Pilots with Jim Higgins
In this episode of Passive Income Pilots, hosts Tait Duryea and Ryan Gibson sit down with Jim Higgins, a former airline pilot turned co-founder and COO of a successful tech startup, Thread. Jim shares his unique journey, from negotiating contracts for American Eagle during 9/11 to leading a company that uses drones and AI for utility inspections. They discuss AI’s growing accessibility for building apps and businesses, the shift from pensions to defined contributions, and practical financial strategies for aspiring airline pilots. Jim also imparts key leadership lessons he learned in aviation and entrepreneurship.
Jim Higgins is a University of North Dakota professor and the co-founder and Chief Operating Officer of Thread, a tech startup specializing in utility line inspections using drones and data analytics. With a background as a pilot, union leader, and tech entrepreneur, Jim brings knowledge on leadership, financial strategy, and the intersection of aviation and technology. His diverse experience provides valuable insights for airline professionals looking to diversify their careers and income streams.
🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024.
Show notes:
(0:00) Intro
(3:15) Leadership and financial lessons from 9/11
(5:30) Defined benefit vs. defined contribution explained
(8:48) Portability of 401ks for pilots
(10:44) Self-directed IRAs and investment strategies
(14:36) Union perspective and contract negotiations
(17:20) Health savings accounts (HSAs) and retirement
(19:40) Teaching financial literacy to aspiring pilots
(23:00) Time value of money and debt management
(26:35) Building apps with AI and micro SaaS
(33:35) Depreciating software for tax benefits
(38:54) Leadership lessons applicable to aviation
(43:47) Outro
Check A.M. Best for insurance company ratings:
Connect with Jim:
- LinkedIn: https://www.linkedin.com/in/jim-higgins-6949a31/
- Tools mentioned:
- Cursor: https://www.cursor.so/
- Replit: https://replit.com/
- Book: "My American Journey" by Colin Powell: https://www.amazon.com/My-American-Journey-Colin-Powell/dp/0345466419
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan...
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