A person can do the same amount of damage to your property in six months as they could in a year.

If you're in this for the long haul, you have to budget for that.I've had $300 service bills on a furnace that was only a few years old.Its impossible to predict when your tenant will bug out and leave you with a bunch of damage.

I have a house on 1st Avenue South, near the intersection of Oporto Madrid Boulevard which the local element has done some damage to, and yes, stolen the central HVAC unit, which is possibly why the owner is looking to sell (along with the fact that the property doesn't cash flow).

I just put Contract is subject to financial partner's written approval to be provided to seller within 14 business days of the execution of this contract.then, hey, if they don't get a written approval then that's my out.Also, I put a liquidated damages clause in contracts as well, with EMD no more than 100 bucks.

In the end, his home owners insurance covered the majority of the damage.

In one county the estimated loss in value direct due to this legislation is estimated to be $1 billion by the county officials.Some people who do not have mortgages and therefore not required to carry flood insurance might elect to "self insure" ie not carry any flood insurance and put for any flood damages out of pocket.Most of the investors that I have talked to have said that they will stay away from flood zone properties and try to sell the ones they own now as soon as possible before the full force of the insurance premiums kick in.But as a counterpoint one investor told me that he would be seeking out flood zone properties with the idea of buying them at extremely low prices, all cash, with no insurance and rent them out for the cashflow.

But, they have been there 2 years and nothing is damaged, so I don't have a problem with it.

If you screen you tenants carefully, you won't have as many evictions or much property damage.

The yard was huge, it had a large very damaged big house, and junky tiny house, maybe 400 square feet, and a decent 2 car garage.

From a physical vacancy standpoint, an 8.333% vacancy rate implies that all units turn over every year, if the complete turn (old tenant move out to new tenant move in, including cleaning/repair/marketing time) takes 1 month.