Prices aren't going up as much as the amount they try and screw me for lolWe ran experiments and thus the reason for this post heheI get my employees to go in after me and to no surprise it's always cheaper.I dress like S#$% every day and that doesn't work either.I drive a Porscha and once again, it was cheaper when my employee took it in to another shop.Sucks relying on someone else to get basic **** done so I don't get scammed on price.Thanks

I filed a claim with my insurance company for wind damage to the siding on one of my properties. 

Give tenant your name and contact info so she knows you get her April Check.Schedule walk thru with her within the next 2 weeks so you can do a condition of unit check sheet, basically from your date of purchase any damages that would happen from that point on would go against the security deposit , you can't charge her for previous damages,,you bought the buliding as in the condition it was. 

There are times when really large expenses come up, such as when the tenant manages to do thousands in damage or if a sewer pipe breaks under the street.

In most cases a bank will turn on the utilities unless there is damages.

The story is pretty typical: inherited tenant did not report leaking bathtub faucet, it caused water damage downstairs and was reported by the tenant from below.

I live 40 miles away, so I called the owner of the biggest plumbing co in the city and he and 2 techs dropped everything to get to the property within 10 minutes of my call.I had put a garage outdoor access remote on the outside of the house.. they couldn't get in thru that because THE POWER WAS NOW OFF.Luckily i had put a coded door knob on the kitchen door that opens to the deck-- i gave them the code and they were inside instantly.The water heater was STILL SPEWING WATER full blast in a stream so strong it was hitting the second story ceiling and hitting the ELECTRICAL PANEL also located in the garage and that's what had knocked out the power .The plumbers immediately turned off the inside water main cutoffand sent me photos of the EMERGENCY SITUATION the pm so calmly let me know about by email an hour earlier.i fired the pm co that instant and got on the phone to STATE FARM (my HOMEOWNERS/rental policy dwelling ins co) all whiledriving an hour to the property.i also called the city's best WATER EMERGENCY REMEDIATION COMpany while en route.When i got there, the water was turned off ( finally)the drywall ceiling had fallen in, the light fixtures destroyed, the garage door opener plastic case was HALF FULL OF WATER and there were 1000s of mold blooms on every surface and hundreds of stacks of spiky growing black mold (looked like iron fiilings we used to play with in that game we all had as kids where u use a magnet and drag the iron filings around to put hair and a mustache on the bald guy cartoon photo) the mold spikes were 1.5" tall on the wood railings and stairs going into the house, on all of my beautiful built in wooden garage shelves--- what a mess-- like the streets of Beirut after the bombs went off.and I don't have allergies -- but i could not even STAND inside the garage because the WET MOLD MILDEW SMELL was so strong it instantly gagged me and gave me a headache and i couldn't breathe.So here we are on Jan 17 and now i know that the BEST rental dwelling policy does NOT COVER MOLD REMEDIATION AT ALL ( so far $14,000) but it does cover water damage with a $2500 deductible...

Many sellers are more uncomfortable and less able to deal with "water damage" "structural problem" "roof leak" etc. than we as investors are and this adds motivation to sell (as it should).  

We probably break even on the rent because of the extra damage pets do, but it definitely increases the number of potential applicants, espeically for houses (many of whom want a house, at least in part, because they have pets).

It covers whatever legitimate costs are prescribed for repairs, damages, etc.