It adds extra protection for your assets.

While it might feel like an extra charge to tenants, these packages often provide value that indirectly benefits the property owner as well—like reduced maintenance calls or ensuring the property is better protected.In my experience managing a large portfolio of properties, these fees are becoming more common due to the thin margins in property management.

Question that the “believers” don’t ask is “how much could I earn on the extra money I’m spending to pay down the loan faster?  

Another option is to invest in the market instead of paying down a mortgage.

Most investors let the tenants pay down the mortgage and use extra money for their down payment on their next rental.  

We're trying to decide whether or not to pay it off or save to buy another property. 

Let's say they pay you $2000/ month * 12 = $24,000/year.

Over that we send a default and start the court process if they don't pay. 

A pool can be a big liability, but can also be a bonus for the right tenant that is willing to pay extra for that amenity.

Out of curiosity would anyone be willing to share any experience with non-paying renters who've vacated the property prematurely?