The other is unrelated and we suspect is tied to the tenant (who was with us for 3 years) that did not renew their lease and moved (we cannot prove this).Again, many thanks!  

It can strengthen your relationship with your property manager and demonstrate that you value their contributions to your business.It helps ensure compliance with lease agreements.Many lease agreements require landlords to name their property managers as additional insured parties on their insurance policies.

Is it Leasing, Property Management, Vendor Management, Operations, Finance, Accounting... 

The same also applies when considering a lease renewal or temination. 

• How do leases typically handle furniture/appliance damage or wear?

If it happens a second time, tell the tenants who are making the noise that they need to stop or they are in violation of the lease.

That means having a great property manager and attorney.I've had a few problematic tenants since I started investing in 2019, but fortunately in each of those 3 cases we've been able to negotiate an early lease termination.All investments come with risk, so the key is to mitigate and manage it as best as you can.

Longer lease term?   

If you have a potential tenant that "might not" be a good payer, just don't sign a lease. 

This tenant has a lease expiring 2/15/25.