I lived in Houston for 6 years after living in Austin for 10 and am now back in Austin.Austin is a technology hub, not just for semiconductor manufacturing but for actual technology start ups like Solar Winds and Dell and many others and stalwarts like Cisco, IBM, who both have a strong presence here and Google and Apple who are in the process of building campuses here along with GE and Visa.The lack of state tax, low cost of living and abundance of land makes Texas a great prospect for major corporations to set up shop (Samsung continues to expand their chip manufacturing plant as we speak) Even in smaller towns like Waco, you see job growth and new companies coming (mostly manufacturing) simply because the cost of doing business is so much cheaper.

If I don't have a contract and an explanation emailed to me by the time I get to the office at 7:30am  tommorow then the chips will end up where they fall.

We will then decide if we will repair the items or provide a written explanation of why we are not -- for example, chip in counter, cosmetic only, will add it to list of discrepancies tenant will not be responsible for at end of lease term. 

@Brian Pulaski   Hey there Chip Gaines, good work.  

I can only imagine there was some sort of payoff during the last inspection because I've failed inspections for minimally chipped paint. 

It's pretty cut and dry, but it works and now he's worth enough to buy every man, woman, and child a nice sandwich and a bag of chips. 19.7% annualized gain in book value isn't as sexy as day trading, but BRK/A just closed at 190,500 a share!

Examples: Chips in the porcelain of an appliance, sink or tub.

And so much of the monetary policies have been changed since 08...so I wouldn't put too many chips on the 18 years cycle. 

A very nice A class multi on the west coast or class A MHP or 3 net lease class A space those sorts of blue chips would give me peace of mind.

Items which are normal wear and tear (noting that your 5 year old carpet is thin in the hallway, the 5 year old paint is chipped and dingy) are not things you would charge the tenant for, but if they ruined 1 year old carpet - note that.