But when it comes to a stove’s cast iron griddle and grates, it all comes down to negligence vs. normal wear and tear.

If you are looking at it as an investment, and you hire a PM, be happy if it has a negligible cashflow if you are financing. 

It is a quick way to bankruptcy, especially if there is a guest injury, even if they are negligent and not fault of yours.Having the correct insurance to cover not only damage but guest injuries is why you have commercial STR insurance.

The initial condition report, tenant communications, and maintenance requests were properly recorded, proving that this issue had existed long before our management began.When the lawsuit came in, both the property owner and our company were off the hook—all because we had a clear, well-documented paper trail showing that the negligence occurred under the previous management.This situation reinforced one of the most valuable lessons in property management: Documentation isn’t just paperwork—it’s protection.✅ Always keep thorough records✅ Make communication traceable✅ Ensure maintenance requests are properly logged and addressedYou never know when good documentation will save you from a nightmare scenario.What’s the wildest property management situation you’ve encountered?

Earlier today, the Institute for Fiduciary Standards gathered, and part of what was discussed was the negligence of the "infinite banking" community in not educating themselves on holistic financial planning and how they violate their fiduciary duty to clients.I believe that @Thomas Rutkowski,@Brandon Beaudoin, and @Deb S. 

We’re trying to secure coverage for our LLC to protect against situations like missed disclosures during a sale, professional negligence that may affect a future buyer, etc.

I've always gotten the "feeling" that they are trying to do the right thing.1 or 2 clients having an issue with a builder is understandable. 15 is at best, professional negligence.

Where i just needed to worry about just me doing something negligent or what have you, now i will have two to keep in mind.

To make a long story short. The tenant supposedly had complained for months to the property manager that the furnace was not working. The property manager brought it to my attention only once and I told him to fix it....

I realize the actual difference is negligible (either 3.636% or 3.637%) but was hoping to seek clarification on a go forward basis.Thanks