Tips for Real Estate Investors

By Frank Vogel

Do you want to get involved in real estate investing, but aren't quite sure where to start? This is your go-to resource for making sense of the subject. Written by industry expert Frank Vogel founder of Winston Rowe and Associates, this book offers timely, proven, practical, and actionable advice to overcome the challenges of the market and keep yourself one step ahead of the competition.

 

With the help of this straightforward and time-tested information, you'll get the know-how to wisely and confidently make smart, sound, and informed real estate investing decisions that will reap big rewards. .

• Language: English
• Publisher: Frank Vogel
• Release date: Sep 22, 2023
• ISBN: 9798223040279

Frank Vogel

Frank Vogel founder of Winston Rowe and Associates is a national consulting and due diligence firm that specializes in short- and long-term financing solutions for the purchase, refinance, cash out and development of a variety of commercial properties nationwide.

Book preview

Chapter 1

Top 5 Tenant Complaints and How We Handle Them

Here are my top 5 tenant complaints and how I resolve them when they come up.

1 Noisy Dogs

If you're going to allow pets into your apartments, then eventually you're going to end up with a tenant that has a barker. I have a few tenants that have these types of dogs. In some areas it's welcome in the buildings. One of our tenants' dogs (a purse dog) has bitten me twice and barks at me from their window every time I visit the building.

Have a pet clause in your lease as well as a noise clause that ensures all tenants in the building can have a reasonable expectation of quiet during certain hours of the day.

2 Parking Issues

Much simpler to handle but almost equally complained to us are parking issues. We tell people when we lease them how many spots they're authorized. You can also assign spots by plate number and then check on it when you do your regular building inspections.

3 Smoking Weed

Every year I get less complaints about this due to the ever-increasing acceptance of marijuana use. They do still get reported though and you as the property owner will likely be put in a spot to make a choice.

It's best to have a no smoking policy to protect your property value. Cigarette and marijuana smell is very hard and expensive to get rid of and will turn off future tenants.

4 Long Term Guests

This complaint can be difficult to prove so it's worth taking your time dealing with it. Remind the offending tenant that there are max occupancy laws. You should also have language your lease that covers long