Earlier quoted context omitted.
'Accidental' damage is the least of my worries; most of that is insured 2 or 3 times over. A fire can happen to all sorts of people. What I worry about when selecting tenants is - will these people keep 15 cats, despite the contract saying they can't, who will piss all over the place requiring new carpeting after they move out, or a rottweiler who will chew up all my door stiles (and good luck suing for and collectin…
That really falls under cost of doing business. With some effort you can mitigate those issues, but they really don't end up costing you close to full property value the way a fire / flood might. PS: IMO, it's important to separate the value of a property from the income stream it generates. Someone that's 3 weeks late every month in paying their rent you 250$/year in interest and some aggravation, but that's almost…
Re: What My Landlord Learned About Me from Twitter
#71How many properties do you manage?