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Updated over 1 year ago,
Just got my first property
Good morning BP community,
I recently closed on my first house-hacking property. It is a quadplex in Anchorage. Two units were already rented when I purchased with one unit vacant and the previous owner occupying the 4th unit. Just some information even though I do not think it is relevant to my questions.
Can anyone recommend a PM? I have messaged a few and some are no responsive or there are bad reviews. Does anyone here have a company they know and have history with? For now I have taken on the previous PM as the tenants are decent tenants and the property was taken care of. I may stick with them, I am just curious as of now.
I will be meeting the PM face to face for the first time next week as I work out of the country is there anything i should ask?
Do you think it would be beneficial to have a separate bank account for the property dealings? Such as maintenance, mortgage, utilities. etc.. I can not put it in an LLC as I am using a VA loan and will be living there for a year.
Since this is my first property, do you have any insight you would like to share, I do peruse the forums for information which is pretty helpful. Sometimes I do not even know what I am looking for, if anything.
Thank you for your time.