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Local Living
A community podcast for Palm Beach to Parkland.
Local Living
Todd Grossman: Safeguarding Assets with Risk Ready Asset Inventory Services
Discover how Todd Grossman, a former police detective sergeant, turned a lifelong idea into a thriving business that protects our most valuable possessions. On this episode of Local Living, we sit down with Todd, the founder of Risk Ready Asset Inventory Services, to explore the innovative solution he crafted in response to a common problem he encountered during his 25-year career in law enforcement. Todd shares insights on how an organized asset inventory can not only ease the burden during times of loss but also serve a multitude of purposes like estate planning, insurance claims, and rental property management. This service is transforming how homeowners and small business owners approach the safety and documentation of their personal property.
Hear firsthand how Todd's experiences with theft victims fueled his passion for creating a service-oriented business that stands as an essential resource for communities from Palm Beach to Parkland. We walk through the process of cataloging assets and the peace of mind it offers, from capturing high-resolution images and videos to providing detailed descriptions that ensure nothing is left to chance. Todd's story is a testament to the power of foresight and the impact of offering practical, community-focused solutions. Tune in to learn how his journey from the police force to entrepreneurship continues to provide immense benefits to those seeking to safeguard their belongings.
Risk Ready Asset Inventory Services
561-800-8402
www.riskreadyinventory.com
Local Living is a community podcast for Palm Beach to Parkland. Are You A Local Business, Resident, Leader or Non-Profit? If so, we would love to have you on the podcast!
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Welcome, welcome everyone to Local Living. We are a community podcast for Palm Beach to Parkland. I'm David Conway, your host, and today we have Todd Grossman. Todd is the owner and founder of Risk Ready Asset Inventory Services. Todd, welcome to the podcast. Thank you. Good afternoon, Good afternoon. So you know, I was looking forward to learning a little bit more. I saw the name of your business. It's a new business to me as far as the concept and I'm interested to learn more. Tell us a little bit more about Risk Ready Asset Inventory Services.
Speaker 2:Absolutely so. Risk Ready provides asset inventory services for homeowners and home-based and small business owners. So what does that mean? So we take stock of your personal property and your assets and we complete and provide a comprehensive listing of your inventory, which includes full descriptions, serial information, identifying characteristics, high-resolution digital images and video. We call it our asset inventory catalog asset inventory catalog and that you can use. When you have that in your hands, you can look at it to evaluate your assets, ensure that your insurance coverage is sufficient, help expedite claims, work with your estate planner, disperse property in a divorce or when a loved one passes, or even use it as a checklist prior to moving or relocating, to establish condition before tenants move into your rental property, and the list goes on and on and on. The more I talk to people about the services we offer, the more great ideas come back my way about how you can use your asset inventory catalog.
Speaker 1:So a potential client will give you a call. So I'm somebody that wants to get all of my belongings inventoried, so I give you a call. Then you actually come out to the home and you do a video catalog of some sort.
Speaker 2:I do so we'll come out and we'll do a walkthrough together. We'll discuss exactly what your needs are, whether it's just for insurance purposes or it's just to review your assets, and we can do anything from the bare essentials and jewelry and electronics and just high-end items to a full home inventory. But, yes, everybody gets the same output, which is the inventory catalog, which is the document that includes the descriptions, photographs and video walkthrough of your property and of the assets in your home.
Speaker 1:And how did you get into the business? Can you tell us a little bit more about your background?
Speaker 2:Absolutely so. I was a police officer here in Palm Beach County for a little over 25 years, retired at the end of 2023. Palm Beach County for a little over 25 years, retired at the end of 2023. And I can remember 20-something years ago as a young officer, investigating a string of home burglaries that we had, and I realized then that a lot of the victims, who had suffered some pretty significant financial loss, really had no means to provide any good information and descriptions or photographs of the items that were taken. And, of course, in that time of loss, your head is spinning. That's not the time to sit down and try to gather your thoughts and remember where you put that receipt or appraisal that you had 10 years ago. So we myself and a couple of the other officers we came up with an inventory form to hand out to citizens and encourage them to take stock of their belongings, and we handed out hundreds of these things, but as time went on we realized no one ever filled one out no one. So I wound up retiring as detective sergeant.
Speaker 2:I supervised the investigators, crime scene investigators so I was no stranger to theft and burglaries and dealing with people through these times of loss and even 20 years, 25 years into my career, it's just the same thing.
Speaker 2:People found themselves in a position when it was too late to have access to the information that they needed, either to help expedite claims, get their money's worth out of their insurance company, or to provide to law enforcement so that we could do a proper and thorough investigation. So when I retired, I really wanted to do something that would continue to be of value to the community, offer something that people would really benefit from, and I hung on to this idea. I mean, this was in my head for 20-something years, just wishing people would do this more frequently. So I came up with a system to do it, and from a homeowner perspective and a property owner perspective, but also from two and a half decades in law enforcement, of knowing what you're going to need to assist law enforcement in recovering your items or you're going to need to provide to your insurance company for proof of ownership and to help in every way to expedite those claims and, when possible and applicable, to recover your items.
Speaker 1:And I would think when someone needs this, when they need access to the information, it's usually after some sort of an event which really we are least capable of dealing with any of this. At that point, Once something's happened, whether it's a break-in or a flood or a death or something serious of that nature, that's the last thing we want to be dealing with.
Speaker 2:Yeah, you're just. You're just not exactly, you're not going to be in the mind frame to to sit down and put pen to paper and do that now, and of course you really wouldn't be able to because you wouldn't have the serial information or the the good quality photos or in-depth information that you would need.
Speaker 1:And I got to be candid with you. I was, you were speaking and I was thinking maybe I could do that myself. And I can think of about 10,000 other things, todd, that I would rather do Exactly.
Speaker 2:That's exactly right.
Speaker 1:Inventory, everything in my home.
Speaker 2:That's been. You know my answer. When people say well, why wouldn't I do that myself? My answer is because you won't. That that's it. Um, it's one of those things that, when you even think about it, we know we should do it, but it's an arduous task, it's time consuming and uh and people just don't so when, when someone calls you, are there any myths or or or or misconceptions they may have about how this all works.
Speaker 2:I don't know that there's any myth. I haven't found anyone else in this area that's offering what I offer, but I think there's certainly some, maybe misunderstandings about the need for it or absence of the knowledge of why this would be such a valuable thing to have. It's more of an afterthought, I think, as you alluded to, than a forethought, unfortunately.
Speaker 1:Sure, it's like insurance you don't think about it until you need it.
Speaker 2:Exactly and when you do need it. You want to get everything that you possibly can out of what you've put into those premiums for so long.
Speaker 1:So you had a career in law enforcement. Obviously, this is a heavy lift. Starting a new business, I'm sure it's first and foremost on your mind, probably 24-7. But when you're not focusing on the business, what do you like to do? Obviously, you've been a. By the way, thanks for your service, thank you 25 years here in Palm Beach County. We appreciate that and understand how important that role is to all of us. But it must be a well you know what. Let me ask you was it a tough transition? It's an intense career. It's all-encompassing Any challenges with the transition into civilian life.
Speaker 2:Yes.
Speaker 1:How so? How so? I'm curious. It's great to answer that isn't it.
Speaker 2:Well, I went into private sector, to a corporate world in IT.
Speaker 1:Okay, the opposite of what you should very much. Corporate world is the opposite. Yeah, absolutely.
Speaker 2:There was just a sense, you know, in dealing with people in times of need for my entire adult life, in times of need for my entire adult life and being very well aware of my position as someone that they turn to for help and providing what help I could and really feeling like I made an impact to somebody's circumstances or their life, never took that for granted and leaving that behind and going to an office job, you know, typing on a keyboard all day. At the end of the day, that fulfillment, it just was non-existent and so I thought I didn't have to think I was going to say long and hard. I really didn't have to think long and hard. I said, man, I got to do something where I can continue to offer some kind of value and continue to interact with people. And this, like I said earlier, this had been in the back of my mind for two decades, so it was just time to put it to use.
Speaker 1:And when you're not working, what do you like to do for fun? Tell us a little bit more about you.
Speaker 2:I'm a musician, so I have a fortune enough to have a studio in my home where I get to record music. My 15-year-old son is an aspiring drummer, so I kind of got a building band in the house. He's also my workout partner, so I spend as much time as possible with my son. My wife I've been married for 20 years, quite happily married for 20 years, and I just travel and watch my Panthers get another Stanley Cup this year.
Speaker 1:I'm with you on the Panthers. By the way, we're looking even stronger than this year. It's been an amazing run. Now you're an entrepreneur, now you go from civil servant to entrepreneur. I know there's some challenges, some inherent challenges that come along with that. It's a heavy lift getting something off the ground, getting that boulder, that momentum, getting it rolling. Do you ever?
Speaker 2:is there any past challenges that you may pull from to help you now? You know, I've I've seen so many people come, come through so many tough times. I guess it's just kind of in the back of my mind with this that there's really not much in this life that you can't do if you get your mind to it. I think the hardest thing was taking that initial plunge and saying I'm going to do this and come what may, but I'm not going to think about it any any longer. It's been 20 years, um, so let's actually do it. And uh, you know what you're just watching my um, my kid, overcome those things that 15 year olds do. And and, um, I've certainly been, you know, no stranger to, uh, to tough, tough times in my life, like everybody else.
Speaker 1:So, yeah, I always kind of stay grounded in those things and remember that I got through all those things before, so we can certainly do this and for our listeners, many of you are learning about your business, not just your specific business that you own, but even the concept for the first time Is there something that you'd really like them to know about the services that you offer?
Speaker 2:Yeah, so I'm the operator of this business. At this point I don't foresee anything changing in that regard. But when you consider having risk-ready inventory of your assets, you're getting Todd coming to your house. We're going to sit down, we're going to go through your needs, you're going to get and my goal is to make the whole experience as as positive and beneficial as possible. When I come into your home, I have furniture covers and gloves and foot coverings and things. I treat your home as if it's mine and your assets as if they're mine, and I come at it with. Again, you know, 20, 25 years in law enforcement. I spent a career in people's homes.
Speaker 2:It's I respect that your things are your things uh, you know, and I hope that uh my background brings some peace of mind uh as well to somebody who you're inviting into your home to quite literally uh look at or handle all of your possessions.
Speaker 1:It's very personal right.
Speaker 2:Yeah, absolutely, absolutely. So, yeah, it's a it's. I put a lot of thought into how to make this the just an absolutely positive experience for our clients and just so I understand.
Speaker 1:I just want if you could clarify. You come in, you take an inventory of everything in the home for all practical purposes and then you catalog everything for them, and is it going to be in video form? Are they images? Is it a document? What format is that going to come to me in?
Speaker 2:Right, so, we will inventory what we agree is the best value for you. For some it might be more than others, but you're going to get a hard drive with your document, your PDF document, which is your entire catalog, complete photos with each item. You're going to get an album of digital photos, and these are all high-resolution photographs with professional camera equipment. Your valuables, such as jewelry, collectibles, things of that nature, are photographed in an LED light box. You get macro photos to capture every detail and all those unique attributes that you would need to prove ownership or to help or enforce in the worst case scenario. And then you get 4K video as well. So if we're inventorying your home, we're going to do a complete 4k video walkthrough.
Speaker 2:So anything that isn't specifically inventory to still capture, and something to think about when it comes to home value too, is your window treatments, your rugs, your pictures on the wall. All that stuff adds value, and those aren't things we we think of when we think of our home's value. But it's a great way too, with the video and photographs, to document those major upgrades you've done renovations, additions, things of that nature, because having those things in your hand and looking at your checklist, so to speak, really kind of opens your eyes to. Am I adequately insured? Do I have enough coverage?
Speaker 1:for all these things. That is great information, todd. If somebody wants to learn more about risk-ready asset inventory services, they want to have you come out to the home do a consultation. What's the process? How can they get ahold of you? Well, they can call me.
Speaker 2:The number is 561-800-8402. They can go to our website, which is riskreadyinventorycom. There's a contact form on that website, or they can just email me directly at Todd T-O-D-D at riskreadyinventorycom.
Speaker 1:Todd, been great having you on the podcast. Thank you. Thanks for joining us today. I really enjoyed having you. Thank you very much Once again. Everyone that was Todd Grossman with Risk Ready Asset Inventory Services. I'm David Conway, your host of Local Living, and we look forward to having you back with us next time.