For example:-A tenant complained about the AC not cooling, so I replaced the entire unit with brand-new equipment.

This will lead to many of the professionals in the same industries who already are not doing that well to fall out of competition and hence be "replaced'.

Tons of old homes that cost less than replacement value.. resales not easy lots of differed maintenance on them etc etc.. 

Good thoughts as we embark on this New Year.....our time is precious and should be valued way more than most people do.One of my favorite sayings - "Money is a replacable commodity, time is not"

Handyman after guest vacates replaces toilet, breaks old toilet to find vape in toilet.  

Thus, they are more apt to be torn down since they are in central locations and larger projects can replace them.With regards to the general BP poster or reader, doubt most of us are the $100mm to $300mm investor range to consider taking advantage of these properties.Looks like you're in California. 

How often are you replacing furniture and taking new photos?

After assessor comes out and consults with insurance company, they'll send demo guys out to come do demo work and remove wet drywall, insulation, etc. they'll usually put down dehumidifiers and let the place air out a bit to see what actually needs replacing and what was able to dry out.

It usually doesn't cover for full replacement of your property.

I assumed some would need replaced, which would be okay, but I would hate to see it all trashed.I guess in that vein though, I hear that a lot about LTRs -- the horror stories -- and we have been blessed with amazing tenants (generally) so I was thinking it would be along the same line where it would be something where you would want to charge high-end and screen intensely to try to get a tenant that just is transitioning and can benefit from the furnishings.I know that could still happen though, even with all the precautions you can take, so it's something good to consider!