It's how those companies handle the damages that's different.

Be sure to spell out in your leases if you do go this route who is responsible for repairs to this type of damage.

I'm curious about the implications of having tenants with horses.Do horses typically cause damage to fences or buildings?

Has extensive water damage in basement due to them shutting power off and pulling out sump pump.

Would just remind them that they will be fined if another tenant complains and they will be held responsible for any costs to treat smoke damage when they move out.

I don't know what kind of insurance you have but it must be pretty lousy if you only have $4k worth of water damage protection.

Umbrella insurance provides an additional layer of security to those who are at risk of being sued for damages.

Look out for any signs of water damage or structural issues too.

I find that going through the traditional eviction process can take anywhere between 30-45 days till then they will not only get plenty of time to stay but also burn lots and lots of my $$ and might even cause damage to furnished place that I shall give them.

Immediate body harm, life injury, and or property damage was a high risk.