I also consider this entire Arbitrage / master lease as passe'.

My question is when applying for the lease, most properties in my market are run by a management company.

You could also put a stipulation in the lease that if the bill goes over xxxx they will be charged an additional fee.

Since the yard is already rough, I would keep the shed and see how it works out.Consider adding something to the lease that permits you to remove it from the property if it becomes problematic.

There would be rent of $ 8 K a month on a triple net lease.

What do you have in your lease about repair requests?

This story is happening to me right now, out of the blue last night, one of my tenants terminated her lease early.

Louis, Missouri-based property manager seeking investors and opportunities to property Tenant screening, lease negotiation, property maintenance, rent collection. 

And if you want to release her from the lease I’d just do it.

I live in a lower-income area, so I figure that the better tenants you will get with a safe house, the ongoing safety the tenants feel, and the lowered risk of a break-in (when occupied or vacant getting ready to lease), and reduced headaches/vacancy/potential damage are worth the marginal up-front cost of having it installed.