Keep in mind how most emergency remediation companies work: The actual damage was probably under 1,000 to repair but they charge 10,000 knowing that your insurance will balk at the $10k and contest that amount, then they will probably end up agreeing to pay 5k so.

I'm guessing we end the lease, contact insurance, do repairs - then relist it for rent? 

After this tenant leaves, you must clean/repair, market, screen applicants, select an applicant, collect the deposit and rent, get them moved in, etc.

One option you might try is to go to Bi- Weekly Payments, this way you collect on the same cycle as their paychecks.As long as both of your tenants still have their jobs, I would ride it out, the 2nd thing is how are they maintaining the property, are you going to have to spend thousands of dollars on repairs because of damage to the property.

This influx is largely driven by young professionals and families attracted to the city's burgeoning tech scene and quality of life.

Identify necessary repairs and improvements.2.

How AirDNA and others get the data so wrong I can’t say for sure, but I suspect it’s because they can only assume that unavailable days equal booked nights versus any number of different, non-revenue reasons, such as owners’ personal usage, repairs, etc. 

Alot of Memphis residence are moving into the area because of the better quality of life and opportunity opening up thats new and fresh as compared to plain ole' Memphis.

Quality homes in B or better areas, with guaranteed long-term tenants in place.

Looking to have some repairs done and need to find local contractors that I could hopefully build long term relationship with.