Tripping over dollars to pick up pennies

[Rick C.]

Two years ago, we had a bathroom rehabbed at one of our rentals in Atlanta. Everything was replaced, except the toilet, which seemed to be in good shape. At the time, we thought, "Why spend the extra $100-200 if we do not have to?"

Fast forward to today, where it was just learned that the toilet is in not as good of shape as we thought it was. It has leaked all over the bathroom, and our tenants were either not around or didn't care enough to report the issue quickly. Our new trim, LVP and subfloors will need to be replaced. $1200 later, it is another sobering reminder not to trip over dollars to pick up pennies!