By the time potential renters see the units they have basically made up their mind.This is why, when passive investors look for a value-add deal, they should prefer the slightly junky building to the polished complex.There is some “meat left on the bone” to do an obvious improvement and quickly boost the rents.Full Article on this topic 👇👇👇Make Or Break Your Rents In Multifamily Deals

You'll likely have to deal with drama amongst tenants, monitoring the utility bills, lots of turnover, and the occasional police phone call.

Originally posted by Ryan Weber:What I do care about is if what you are saying is accurate or not.Oh no, the accuracy police!

In addition to that, we like to check with the police, fire, insurance, sex offender status, and anything that might affect the operations of the park.

Might help if you call the police, so you have a police report to back you up in court. 

If you called the police, they could just show the lease and the police would refer it as a civil issue.

We chose just below median priced single family homes in nice areas where there was just a little bit of polishing up to do to make it a great modern home for families.

Burglary is only covered if there is a sign of forced entry and a police report has been filed.Coverages and Monthly Premiums (07/2020):$ 1,000 $ 7.95/month$ 5,000 $10.95/month$10,000 $20.95/month$15,000 $35.95/monthwith $100 deductible.The Storage facility is collecting and transferring the insurance premiums as a courtesy and is not representing the insurance company in any capacity.Should you have a claim:a.

There is a school impact fee, a police and fire fighters impact fee, and many others on each newly constructed home. 

I purchased in the North End years ago (like you, long distance from Vancouver) and had all kinds of problems with tenants and the PM (long story involving Mexico, cocaine, and a bunch of my money disappearing plus, as a bonus, a standoff with police that was bad enough that it made the national news at the time).