New year hypothesis for investor/landlord’s dream

In 2026, Genie appeared grant you 2 options, you can only choose 1 at cost of 10% of your gross rent

Option 1 – never wear n tear. Your house never wear and tear. Roof, hvac, water tank, toilet all function and doesn’t break due to old age, however, accident and intentional damage still apply, tenant jumped on stove, tree fall on roof, hurricane blow off the window, car bump into garage door….etc. it’s magic only you know, you can not use it to proof tenant caused the damage. Thing still gets old and less efficient, especially if it’s wrongly used, for example if furnace doesn’t have filter, it will damage the furnace

Option 2 – honest tenant who do as lease says. Tenant will keep their promise and follow the lease term. If they cant pay rent, they will leave. If they break something, they will tell you. But tenant will not blindly follow everything lease stated if it’s not legal and they will not compromise. If you neglect repair and cause issue, tenant will respond correctly and not suck up. Tenant will not try to game the system and scam you or take advantage of the system, tenant is honest and dedicated to agreed lease

Details to be implemented

This comes up when me and my contractor friend who also has rental property, we had different opinion on what’s the most annoying part of rental business, to me is unexpected repair and maintenance and capex, where he hate the tenant relation part of the business, not to mention eviction process

It will definitely differ depends on where you live, so just base it off where you invest, no right or wrong answer