Sure, but in the meantime all of the repairs have been completed vs the renter being unable to come up with 40k and their house remains flooded and damaged. Ev

Sure, but in the meantime all of the repairs have been completed vs the renter being unable to come up with 40k and their house remains flooded and damaged. Even simple maintenance likely covers the increase. I spend at least a $1000 a year just on ac maintenance. Add in lawn care and that's another $1500 (you could of course do it yourself). Need trees trimmed $2000 or 1 fell into your house?. Roof leak, $5000? Water heater, $3000? AC needs to be replaced, $8000? Someone backed into your mailbox? These are all large bills that many renters could not cover. Many of these happen in the same year.