Premise Based upon what we have witnessed in conducting commercial property condition assessments (PCAs) and commercial property roof inspections for over 30 years, we can definitely state without reservation that 'An Ounce of Prevention is Worth a Pound of Cure' meaning that a commercial property owner or real estate investor is much better off adopting a pro active as opposed to a reactive approach when it comes to maintaining a commercial property that also acts to help extend the serviceable life of major building systems resulting in a substantial savings over the life thereof.

When it has happened, were the debtors able to cram down your interest and if not, how did you prevent it?

I would not sign a blanket contract because that would prevent you from working with other realtors that may bring a property to you.

You want to make sure all your gutters are not clogged and all the downspouts are connected and leading to the ground level.

Furthermore, do you ever hear of anyone having their wages garnished in some kind of a lawsuit that would have been prevented with an umbrella policy?

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

Then the plumber went in and could not repair the clog in the toilet and had to replace the toilet and all the faucets in the house!!

You have to consider increased water bill, and if you pay utilities, increased gas/electric, and also increased clogged plumbing.

Thanks for telling me because it prevents me from stepping in too early and making a mess. 

The tenants still have power in the unit (i.e. other appliances and outlets are all working), but I don't want to neglect this and create a situation where a fire hazard may be present.My question is: is there any type of preventative maintenance (i.e. periodically add deox/other chemicals to support conductivity) or inspections I should be doing as landlord on the panel every so often?