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$10k in water damage caused by tenant. Advice on how to handle.
We own a SFH long-term rental. We self-manage. We have good tenants in there entering year 2 of a 2 year lease. One of the tenants hung a picture on a wall, puncturing a water pipe. There was a leak and about $10k in water damage done. I filed an insurance claim on our landlord insurance and got a remediation team in there immediately to stop the damage. The tenants are clearly responsible here. How would you all handle this? I can provide additional info as needed. Thanks for considering.