I was doing some late night reading and looking at rental risks, etc. The idea of a meth lab is really sucky. I mean REALLY. As a land lord, you are on the hook for cleanup. WA requires disclosure selling/renting, even after cleanup. Many states do, in fact. So basically, you get to pay for cleanup AND take a hit selling it, since it will get a lower offer regardless.
Any tenants that would have a ML would not have assets either, so they are judgement proof. As my ROI get's closer to REIT territory, it makes me wonder if the risk of meth labs is going to push me out of rentals. I like the cash flow, but the risk....
I suspect the best way to avoid the lab problem is to visit frequently since they are less likely to setup shop when there is risk of being discovered vs the absentee LL who hasn't been inside in years. Most articles I read seemed to suggest this as the biggest key. But even someone smoking meth there, requires cleanup and disclosure. My agent just went through this with a client and wow, what a horror story.