Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Tips for after I close on my first house as an investor
I'm new to the site. I was told by a coworker to check this site out.
I'm just looking for some good tips from anyone/everyone out there. I'm closing on my first house this week coming up. It's a 3 unit. 2 units are already rented out by long term tenants. (One 5 years. She has her private therapist office there and only works there m-F when she had appointments with clients. The other unit is a local barbershop owner who has just renewed his lease for a 3rd year). I will be living in the 3rd vacant apartment.
Can anyone give me tips or good pointers on what I should do starting off. For example, introducing myself to the tenants when I take ownership of the house. Certain precautions to take. Anything that people have run into or can share to make things a smooth transition for me.
Thank you,
Andrew