Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
First Multi-Family, What to expect??
Hey BP,
I am a still a newbie to this website, have been lurking around for a couple months now taking in tons of information. I have decided that my first investment is going to be a multi-family, with the intentions of house hacking while i prepare for my second RE investment. My goal is to successfully buy and move into a duplex in Troy, NY by June 2016 (and rent out the other half). So now to my question... What kind of work should i expect as the landlord/tenant of this duplex? Assuming the property is already all finished and doesnt need any additional work on purchase, what kind of things should i expect to do around the property? Should i be ready and prepared to paint, fix walls and floors, that kind of stuff? What kind of things does a tenant usually require? I am trying to get an idea of what i should be prepared to do, so i can teach myself these skills. Thank you all so much for your time.