you need a vandalism rider.. and if it was a tenant.. then the insurance company will usually deny tenant abuse claims.. but if it was kids or something like that then your Vandilism rider should cover you.I did have one tenant of mine do so much damage my company covered it and went after the tenant criminally.. not sure on what charge but it was a 45k claim on a 110k house and it was only 3 years old. 

But a late fee is considered income so it shows up an income account.This report also shows the tenant had to pay a bounced check fee of $25.00, and that we had a write-off of $737.50 because the tenant moved and didn't pay for damages and/or rent.  

Make sure you clarify what will happen if they don't fulfill this duty.Here is an example from our rental agreement:1.LANDSCAPING/YARD CARE.Regular landscaping/yard care (mowing, edging, trimming, fertilizer, weed control) will be provided by _______________________.For all Tenants:a.Tenant agrees to keep yards, walkways, patios and decks clear and to keep premises free of junk and debris.b.Tenant accepts liability for all landscape damage and/or replacement of such, if caused by neglect, abuse or lack of water.c.Tenant may plant the beds adjacent to their dwelling to their liking, but only with those plants that are of appropriate size and type for the beds.All plants brought or caused to be brought to the property by Tenant will be cared for by Tenant.d.Tenant agrees not to cut or prune trees, hedges and shrubs.This will be Landlord’s responsibility.e.Tenant agrees to properly dispose of all plant debris and agrees to not leave such on the property.f.Landlord will consider special Tenant requests for planting and removal of plants, shrubbery and trees, but reserves the right to determine the make-up of the landscaping.For Tenants of single family homes only: a.Tenant agrees to mow, water, and keep the grass, lawn, flowers and shrubbery thereon in good order and condition, applying fertilizers and weed retardant as needed. b.If there is a failure of Tenant to keep the landscaping in good order and to follow these guidelines, Landlord reserves the right to hire a landscaping service at Tenant’s expense (after a 10-day notice to perform covenant).c.Landlord reserves the right to restore the landscaping to its initial condition, as it was at the time Tenant began occupancy, or if improved during Tenant’s occupancy, to the level of such improvement.

He's buying notes for pennies on the dollar, however, and his options will vary by the margin he buys them at.A 'class type map' of Milwaukee doesn't exactly exist, and I think they were outlawed altogether when fair housing laws were passed ;) You could, however, look up an old HUD or FHA redlining map and the damage that those housing practices accomplished is still reflected today in many areas of the city.

Where is the termite damage? 

If you hurt someone in a car wreck for example and are found at fault and lose a judgement, they can go after your LLC's assets to pay the damages.

An emergency drain pan installed with an automatic shut valve that operates off of a wet switch that is located in the drain pan will protect the rest of the dwelling from water damage and could possibly give you a better insurance rate.

However I think from what I've read now that pet rent doesn't cover any pet damages in the way a deposit would. 

Liquidated damages clause.  

That means that I got back $3,000 the first year…a 100% ROI.The next year, I had a roof leak that damaged the ceiling in the dining room.