How to prepare for Meth Labs in Rentals?

[Ginger Williams]

I'm always looking for ways to minimize my risk. I recently discovered that meth lab clean up isn't covered with our insurance. For those who don't know, cleaning up a meth lab can be very costly - and there's a right way to do it. Meth is cooked and used by every socio-economic demographic so screening is helpful, but may not be complete. Right now, I'm self-insuring the possibility of a meth lab clean up. I would rather have that cash invested and working to make more money. 

What do you do to minimize risk for a meth lab clean up or other potential risks to your property?

[Jon Reed]

Easy, inspect your properties regularly. 

An air filter is $4 each... and need to be changed every 3 months. I use that an excuse to go inside every single property every three months and the tenant likes knowing that they get a fresh air filter.

During those filter swaps you can find out if they are messy, cooking meth, growing pot, or damaging the property and get it taken care of before it turns into a multi thousand dollar repair.