Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 6 months ago on . Most recent reply

User Stats

140
Posts
60
Votes
Marc Shin
60
Votes |
140
Posts

Purchasing first investment property

Marc Shin
Posted

Hello. I'm under contract for my first investment property. It's a duplex. The closing date is 10/04. My plan is to self-manage the property and rent out the duplex as an STR. Are there any books or articles that I can read on what next steps i need to take in being an STR property manager and also how to get the property rent ready? I will need to do some minor updates to the property (painting, updating bathroom tiling, updating trims, etc) in order to get the property rent ready. I have no idea where to start. Any suggestions would be appreciated!

Most Popular Reply

User Stats

6,629
Posts
7,589
Votes
Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,589
Votes |
6,629
Posts
Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

I would connect with @James Hwang about this. He does more MTR, but has STR in multis and knows every strategy in the book for you to do this well and not botch it on your first one. He may even convince you MTR might be a better strategy in 1 of the units as a hedge. STR you will spend more on design and furniture than MTR.

business profile image
Zen and the Art of Real Estate Investing
5.0 stars
9 Reviews

Loading replies...