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Updated over 10 years ago on . Most recent reply

User Stats

240
Posts
130
Votes
Joshua Feit
  • Atlanta, GA
130
Votes |
240
Posts

Problems with Insurance Policy

Joshua Feit
  • Atlanta, GA
Posted

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

Most Popular Reply

User Stats

98
Posts
21
Votes
JERMAINE LUCAS
  • Investor
  • Woodbridge, Virginia, landlord
21
Votes |
98
Posts
JERMAINE LUCAS
  • Investor
  • Woodbridge, Virginia, landlord
Replied

Jermaine here, we had only one inspection in six years, all we did was post notice on everyone door of date and time of entry two days before then using our master key did our inspection

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