We have to consider the fact that natural disasters are becoming more frequent and severe, which directly impacts insurance premiums.

Landlords will do the split fairly frequently for that situation.

I would assume that these balances quickly and frequently exceed the $250k?

If you don't replace items frequently, the quality of your product decreases quickly.As for insurance, I truly haven't experienced this phenomenon. 

I know the Kwak Brothers speak about this frequently as well, I've found a few websites that promote it or speak about it as well.

Happy to connect with you as I frequently work within the NC market.

Happy to connect on this as I'm still actively brokering deals (commercial) in Washington all the time and I'm frequently traveling up there to view properties and meet with other brokers.

Are multifamily frequently put on the market? 

If we did, it means we need to have that hard conversation and get a new cleaning team.When we find a cleaning deficiency, we will send our inspector out more frequently in the subsequent turnovers.

STRs depend on seasonal demand and can have more frequent vacancies, while LTRs provide steady, predictable cash flow with longer leases.