Replace it with a normal fridge.

I did have to replace a dishwasher early on and the stove but since then, zero appliance failures.

Boot includes any cash retained or the difference if the replacement property is of lower value than the relinquished property.

Being an agent will take time to replace your income, 1-2 years.

Hi Marc - Aircover offers some protection for damages caused by guests, but it’s limited and doesn’t replace having dedicated STR insurance.

What happens if the roof has to be replaced?

Essentially, your new replacement property will consist of (1) a thirty plus year ground lease on the real property you already own; and (2) new capital improvements made on the real property you already own pursuant to the new thirty plus year ground lease.

There will be a huge gap between coverages and replacement costs. - Renters are majority uninsured. - In September 2024 the FAIR Plan had $6B in exposure to the Palisades alone.

I recently had to replace my HVAC system because it was red-tagged.

Your property is fairly destruction proof, costs near nothing to maintain, yet you can charge above market rents.If your property is nicer (class B) where the carpet alone might be $6k or more to replace when the tenant spills hair dye everywhere, you won't be as happy as in the situation above.