Sure, occasionally there will be damage, but overall I will come out ahead.

I'm analyzing deals, saving cash and complaining (occasionally).

The only downside is that you occasionally have to raise rents on your friends.

Open up the floor registers and clean them out, this is not only good for your HVAC system, but also will reveal things like cigarette butts (unauthorized smoking), pet food (unauthorized pets), and the occasional kid toy (this is okay, since finding a barbie shoe or the missing lego will make a child happy.) 3.

Although it occasionally happens, you usually do not get a tenant candidate with a great credit score, no debt, incredible income, good neighbor skills (add your list of perfect tenant attributes here) on your first showing.

Occasionally I'll have someone call who said a friend saw the ad and told them to call.

But I see HOA as a $50/month bill and occasional thorn in my side, and I'm not even sure a rental cost or decision would be based on HOA.

We expect that even well-qualified (3xrent with good work history) tenant renting a $500 per month apartment will have occasionally have problems when faced with a large, out of the ordinary expense.

I occasionally had to light pilot lights or he had to clean out the tanks, but it was really minimal maintenance.

We manage over 1500 units, and OCCASIONALLY we will have a situation like this come up.