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Updated over 8 years ago on . Most recent reply

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Rosston Smith
  • Investor
  • Warner Robins, GA
463
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1,515
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First Property Preparation

Rosston Smith
  • Investor
  • Warner Robins, GA
Posted

Hey guys, I would like to know if you have any ideas on things I should have prepared before I move into my first property which is a 4plex. I'll be house hacking it, and I'm coming straight from my parents house so I'm about as green as it gets to living on my own and managing properties.

Also, currently all three units are occupied and will be staying. I have read the BP Guide to tenant screening and have all of those forms to help use as a base to build off of. 

Regarding what I'm looking for, is anything you can think of to have that will make my shift into property manager/landlord easier. Here are a few things I've thought of so far:

- Setup a Google Voice

-Buy a file cabinet 

Most Popular Reply

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Replied

You are operating a business, emotions are for amateurs. Make all decisions based on the best benefit for your business. Consideration of tenants personal life are not important when making business decisions. Tenants are not your friends. 

Tell all your tenants you are the owner/landlord and keep the relationship with them strictly professional. The majority of tenants secretly despise landlords, always keep that in the back of your mind when making decisions and use that fact to keep yourself on track.

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