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Updated over 10 years ago,
Problems with Insurance Policy
Hi there BP! I'm brand new to investing -- just closed on my first deal. One property, two structures, with a total of four rental units (in Georgia). I'm excited, but I am having a tough time finding an insurance policy on the place.
I thought I had this all nailed down, but I just got a cancellation notice in the mail that states the policy will be cancelled due to failure to comply with an inspection.
The property is managed, and the manager claims she had a tough time coordinating a single time when all four tenants could meet with the inspector. I am a little skeptical, but I do know that all of these tenants work long hours and odd shifts. So maybe...
Anyone have any good recommendations? And do you have any tips about coordinating an apartment manager, an inspector, and four tenants? (Sounds like the start of a bad joke...)
Thanks for the help!
Cheers,
Josh