Eviction - vandalized property

[Pramod Prasad]

Hi All - 

I bought my first property in KC, and have gone on to purchase a few more in other locations over the year. This first one is my problem child. 

I had issues with the tenant and we went through a long eviction process. At the end, when the tenant was evicted the property manager informed me that property has serious damage. The water heater, appliances, hvac systems have all been ripped out. Now, I find that a little surprising. Does anyone have this happen to them as part of an eviction? Unclear to me how a tenant can do this so professionally. MAybe I am reading too much into this, but I find my property manager is not being entirely truthful. 

[Jay Hinrichs]

Quote from @Pramod Prasad:

Thank you - given this was my first property I did opt for every single thing on the insurance and looks like I will get covered for this. I just am not 100% sure if I should change my property manager. 

PHew good job.. pm cant be there 24 7 theft happens in one night ..  what you need to do is buy in better areas where the price points are higher and the returns are risk adjusted.. that means paper returns are less.. but you know investors they tend to not think about tenant risk and go for the highest returns on paper..