HELP - Closed on my first multi-family less than 2 hours ago.

[Conor S.]

Hello BP Community -

I closed on my first property ever - 3 family home in Montclair, NJ. Owner occupied.

I will be meeting with the tenants tomorrow morning to introduce and set the standards of the relationship. I am not sure what to say, how to act, what to expect, what to bring, what to wear, how to set rules or even what time to meet. Any thoughts on these?

All three apartments are occupied. The middle floor was sent an eviction notice on 6/20 with removal from premise on 7/20. I think 30 days is a quick turn-a-round for someone who has been living there for 8 years. I have the ability to give her an extra 30 days if she needs it, but don't want her taking advantage. The previous seller noted how much of a pain she has been. Any thoughts on this?

Any and all advice, thoughts, inspiration, ideas, etc. would be greatly appreciated.

I am excited to be apart of BP community and to officially be a landlord (I think?).

Thanks for taking the time to read.

Many Thanks,

-Conor