Mitigate the Risk of Being Sued in Real Estate with James Jenkins Pt.3

Jan 15, 2021

This episode is part 3 of my conversation with the Chief Risk Officer of Risk Well, James Jenkins. He has been helping businesses and real estate investors protecting their assets & cashflow with best-in-class risk solutions. 

If you couldn’t follow this episode, please go back and listen to parts 1  to 2.

Let’s jump right into this episode and learn more about asset insurance and risk management.

 

[00:01 - 05:00] Personal Hourly Values 

• James talks about counting your hourly values.
• It is a lot easier to conclude when you can successfully remove emotion and subjectivity from the conversation, to simply look at data and hard objective evidence.
• Always ask yourself, is this the best possible way to use your time right now to deliver on your company's objectives?

[05:01 - 13:59] The Importance of Efficiency

• James talks about creating highly specialized advice for his clients.
• • Every investor has high expectations and different needs.
• The benefits and efficiency of having one office that takes care of whatever your insurance needs.
• James shares an example of one of his clients, who had four different insurance offices to one. 
• Happy people work harder.
• • If someone feels values and matter, they tend to stick around.
• Treat your tenants and clients as individuals by understanding what they need and their pain points.  
• It is important to keep our focus on the priority in this sort of business relationship.

[14:00 - 22:30] Understanding The Bigger Picture of Your Clients 

• James talks about his ways to understand his clients and give them advice based on their bigger picture.
• In insurance, everything that you do in one piece of your portfolio impacts other things elsewhere in your portfolio. 
• James talks about the beauty of having a client relationship to understand their needs better.
• There is no wrong answer in the risk management world; it just a matter of whether you want the lowest total cost of better cash flow.
• How to connect with James?
• • See links below.
• Final words from me.

 

Tweetable Quotes:

“Always ask yourself, is this the best possible way you could use your time right now to deliver on your company's objectives?.”-  James Jenkins.

 

“Life is risky, so risk well!” - James Jenkins.

 

“In insurance, everything that you do in one piece of your portfolio impacts other things elsewhere in your portfolio.”-  James Jenkins.

You can connect with James on LinkedIn. Visit his website at www.riskwell.com/, email them at [e-mail], or call them at 469-678-8001.

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

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