I'd rather they leave and not damage the apartment than me forcing them to stay the whole time and risk damage.

In our market, we see far more damage from heavy rain, drainage issues, and the occasional extended ice storm than from tornadoes.

What follows applies to Las Vegas and may apply to Coral Gables as well.While condominiums offer a lower entry price and perceived lower maintenance costs, these advantages are often outweighed by operational and financial drawbacks.Higher Tenant Turnover: Condo tenants average under two years of occupancy, causing frequent vacancy costs.HOA Fees: Steep HOA fees directly erode cash flowStiff Competition: Condos compete with apartment complexes offering premium amenities (pools, theaters, gyms, free WiFi), keeping condo rental rates low.Appreciation and Rent Growth: Condos have fewer potential buyers and renters, so they typically have slower appreciation and rent growth than single-family homes or townhouses.Uncontrolled Maintenance Risk: Close proximity leads to cross-unit maintenance nightmares (e.g., an upstairs leak damaging your unit).

Hello, Can someone please give me recommendations for a good Houston area contractor who can help repair fire damage?

Long-term, quiet, on-time tenants are gold until they start breaking the one rule that causes the most expensive turnover damage: smoking.Here’s the reality of the situation and how to handle it without blowing up your timeline or losing a good tenant unnecessarily.1.

Quote from @Lakita Woodson: As landlords, you may eventually encounter a tenant who seems to damage something every month right after paying rent.

In my mind the classic situation is tenant is sueing landlord, but does not have any money to pay attorney, so the attorney gets half of the damages and has to do now math of probability x payout = worth my time? 

It's fortunate you found the damage before moving forward.  

Do you have a refundable damage deposit?

@Ashton SmithI include a couple of schedules that incorporate rules and regulations as well as settlement charges in the event of damage to the unit or building.