Make sure your lease details these basic items: Rental Price, Payment Frequency, When Rent Is Due, Late Fees Or Non Payment Penalties, Lease Length & Expiration, Move Out Notice, and What Happens if They Move Before Lease Ends.

Make sure your lease details these basic items: Rental Price, Payment Frequency, When Rent Is Due, Late Fees Or Non Payment Penalties, Lease Length & Expiration, Move Out Notice, and What Happens if They Move Before Lease Ends.

Owning these remotely would especially be difficult, between tenant turnover, the frequency of vacancy and squatters in the area, and the continuing heroin epidemic there (hence why the forfiture rate was as high as it was anyway).That being said, Shift Capital is already in the area investing millions in mixed industrual/commercial/art spaces, and allegedly owns over 150 residential parcels in their portfolio... so they would be the ones to talk to regarding remote property management. 

It shows the frequency that certain words appear in their reviews, and you can select "hipster" as one of the choices. http://www.yelp.com/wordmap/laFor L.A. it shows the usual suspects including Echo Park, Silver Lake, Arts District and others.  

Brandon, you're the Pro at this, so correct me if I'm wrong.My understanding (albeit from internet reading) is that it has to do with the frequency and overall financial strategy of the investor.  

Carriers tend to get concerned when they see claims frequency as they start to wonder if they will end up with not only a string of small claims, but a string of large ones down the line. 

Also, there are new and destructive pests that are being introduced with alarming frequency from all around the world.

The size of a claim is not what alarms them it's the frequency of claims.

What you need to consider is the types and frequency of crimes in the area and how it is changing.

What you need to consider is the types and frequency of crimes in the area and how it is changing.