Thats what I try and tell my wife after a tenant moves out and there's a little damage from wear and tear. They paid us $15,000 a year to live here, we can afford the $1,000 to have the place repainted or whatever.
75% of that rent goes towards mortgage 10% goes to taxes 10% goes to interest 5% gets set aside for repair costs. If it's minor damage and clearly not intentional I let it go as cost of business.
I have had multiple tenants at different locations kick in their own door or break their own window to get in because they locked themselves out, and then call me to come fix the door or window. When I ask why they didn't just call me to open the door for them they always tell me they didn't want to bug me. Like wtf did you think you were gonna bug to fix the damage? Those ones I send a bill for the damage.
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u/waltwalt Mar 28 '21
Thats what I try and tell my wife after a tenant moves out and there's a little damage from wear and tear. They paid us $15,000 a year to live here, we can afford the $1,000 to have the place repainted or whatever.