Richard Davis - GET THE MOST MONEY FOR YOUR REAL ESTATE INVESTMENT

as quickly as possible. Maybe the tenant has a complaint about something on your property that needs to be fixed, maybe they can’t figure out how something works, or maybe they have a complaint with a neighbor. Whatever it is, hear them out and address them, as necessary. If a neighbor complains to you about the property, you need to see if it’s a legitimate issue and try to resolve it with the neighbor, and quickly — before they contact the HOA or code enforcement. If a neighbor does file an HOA or code enforcement complaint, you need to deal with this immediately. These associations can fine you thousands of dollars for a tenant who is causing issues and lead to neighborhood complaints. Maybe the complaint isn’t legit, or maybe it is, but according to the terms of your lease, your tenant is the one responsible. Regardless, get this taken care of as soon as possible. Contact your attorney and look into local bylaws to ensure compliance.

Keep up with maintenance, and handle all repairs right away.

Make sure the property is well-maintained and that any and all repairs are handled. The important thing to remember here is to address and fix property damage issues as quickly as possible as well as to keep the whole property in good, working order. If you have any emergency issues, deal with and fix them as quickly as possible. If the tenant is responsible for causing the damage, collect the money from them to pay the cost to repair that damage. Most landlords collect right away. If the tenant causes some damage to the property, and it costs $200 to fix, but they can’t pay it immediately, then add that $200 to their next month’s rent payment. If the tenant doesn’t pay the amount due, then enforce

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