Don't ruin yours with this.

Long story short, the new management company (this particular company manages around 50,000+ units in the US) ruined the place for me.

On the rare occasion where a tenant can't pay, I treat them with dignity and respect, give them 3 days without late penalties, and and even offer to pay for their storage unit for a month while they transition (approx $50, vs $1000s in lost rent, court fees and damages if you have to go through eviction); 95% of the time they've just had bad luck and appreciate the treatment.More importantly, their neighbors see that I'm not just a stereotypical 1980's movie landlord out to ruin the lives of single moms and their adorable band of misfit children, and believe it or not, this really does affect their decision to move on when I do my annual rent raises.

They had ruined BRAND NEW carpeting.  

TL/DR: If you are gonna run a business, run it properly and by the rulesJust wanted to share some thoughts in note investing. As many know, there is a guru (who has over $1M in judgments against them from investors) t...

It is a little challenging to discuss the renovations with my wife as she is a Worry Wort and as soon as I discuss renovations she automatically goes to "this is too much money, and we can't afford it, and were going to go bankrupt, and were ruined forever" fortunately I am able to brush off my old PhD education and qualm the mini anxiety attack and return her back to base line.

We also put all occupant names on our lease, but not many PMC's do.Per privacy laws, we can't share credit reports and other personal info - we'd be liable if the owner committed ID theft or allowed it.Contact ifo is also a no-no, as we dont want an owner going around us and ruining our authority with the tenant.

Are you willing to ruin a good friendship?

This kind of ruins the entire point of rent-to-own.

I only heard of people having their claim denied and I never heard one sales pitch mention where the insurance saved someone financial ruin.