Must educate tenant if there is any water leak, must call you immediately, especially water flood like this.
You have to call restoration company to let them handle it professionally. The money can not and should not be saved. Otherwise you are inviting big trouble.
Depends on your insurance policy, it may or may not covered.
In the past 30 days, I had water damage in 2 of my properties. My insurance policy covers sudden water discharge.I used a professional company for water damage restoration.
Doing RE investing is like a business, you want to have best Insurance Agent, Best CPA, Best Attornies (specialized in different areas), Best Property Manager, Best Mentor in your team.