But it also comes with more risk in terms of evictions and damages - which you can never collect for.But STRs don't have any issues with evictions and damages are typically covered by the STR insurance or sometimes the Property Management company has its own insurance too.The other thing is that, on average, STRs tend to generate more income than LTRs. 

Definitely hire one for a property damage claim, auto claims its not necessary.

I have some auto-denials in the "review phase" based on landlord reference such as numerous late pays on rent, numerous documented lease violations, and move-out damages exceeded collected deposit... but still have yet to enter the "landlord reference/review phase" of my screening process due to the details on their CBR's as noted above. 

We had a roof damaged in a hail storm and got it replaced and paid (minus deductible) via an insurance claim. 

Think about what you think is a reasonable number and get back to me.two days later she says 50K due to all of her furniture now having mold damage.

I am sure everyone has seen the damage from the hurricane .

We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose.

You can find some with barely any damage and at a great savings. 

I hope he doesn't try to damage anything if I give him a notice of eviction. 

When you are making money it's gonna be good money, but your gonna hit be stretches of loss, Damage, Evictions etc...