I really, really, REALLY must find a new insurance carrier for House #1. I just seem to be doing too much of their work. For one, it seems every time my note gets transferred to another lender (this has happened three times now), I get a letter stating they have no record of insurance and will use their own if I do not provide proof within x-number of days. Okay, this may not be the insurance carrier's fault per se, but all this should be handled 'behind the scenes', IMHO. Each time, I must then contact my insurance agent's office and have them call the new lender with the information.
Now, I get a voicemail from my agent's office stating they have not received $76 from the new lender to continue coverage, and the policy will be cancelled on March 5th if payment is not received. I then call the agent's office back and get their voicemail (which is another peeve of mine - they NEVER answer the phone, so I ALWAYS have to leave a message). It turns out my insurance company had it in their records that my coverage is escrowed, so therefore billed the lender. Argh! I told the lady that it isn't - nor ever was - escrowed. She said she will mail me out a bill today, but by the time I get the bill and pay it via snail mail, the policy may be cancelled. She then suggested I call a 1-800 for the insurance company and pay via the phone ASAP to avoid cancellation. Argh! More needless work for me to do.
Maybe I just need more sleep. :-P
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Actually, it's just that type of "stuff" that keeps me very busy. If you can imagine, the little annoyances that happen with one investment property multiplied by 15--that's what I'm dealing with. And, I know there are people in my area that own about 100 houses or so! How do they do it????
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