It's usually much more subtle than that. Repair bills for this and that on a regular basis. Then a big ticket item like new fridge or plumbing repair. Later you

It's usually much more subtle than that. Repair bills for this and that on a regular basis. Then a big ticket item like new fridge or plumbing repair. Later you'll find that the fridge wasn't actually replaced, the plumber is the manager's brother, and that the property management company goes out of business and resurfaces with a new name every 5-6 years.