Some damage was done.

We are pretty specific about the physical damage insurance we require of people we are making loans to purchase HUD Codes.

Having a routine is one thing, but as Scott pointed out, there are different elements of the business that need to be addressed.I worked, hard for a few years in the beginning, after you get up and running, real estate is the easiest thing I ever did.

FYI--In order to get any liability insurance, I must ensure one condo for property damage ($350/yr) and then I can add liability on dwellings rented to others for about $25/yr for each unit.

After removing ~5 tonnes of lath & plaster; replacing some structure damaged in a chimney fire in the building's past {estimated to have occurred prior to the 1930s before electricity was installed}; reconfiguring the space layout in half od the house {(re)moving 5 walls}; fixing additional structural and electrical faux pas by the prior owners and levelling the floors, we added ~3 inches of spray foam insulation (R18) into the wall cavities; rewired the house; and replaced all the original single pane, built in-place windows with Energy Star rated, triple-pane, windows {with glazings specific to their orientation}.We put the electric base-board heaters back in-place; by code we need to retain them as an auxiliary heat source to the ductless mini-split heat pump (2 heads) being installed next week.We are now finishing painting and trim.

This fact is important to understand if you have what I would refer to as "professional tenants" that know the system and how to work it.I am going to assume that the inspection that the tenant is referring to is their move-out inspection where you review the property for damages that have occurred during their stay.

A good property manager will make you successful, and a bad one can unfortunately cause a lot of economic damage, so choosing wisely is imperative!

I fell last week and damaged my artificial hip.

I’ll get a few more of the cabinets we replaced and the damaged areas we had to fix. 

So in that case, the damaged wood would/should have been obvious, meaning this is on your GC....