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Updated 9 months ago,

User Stats

12
Posts
9
Votes
Stephanie Bell
  • Investor
  • Toronto, Canada
9
Votes |
12
Posts

Tips for first time landlord in Buffalo

Stephanie Bell
  • Investor
  • Toronto, Canada
Posted

Hello, I'm closing on my first investment property in about a month. It's located in Buffalo in the Five Points area. I live out of state (out of country, actually), and have never lived/rented/landlorded in the US. I know a lot about standard practices where I live, but am wondering if all those things are transferrable. For example, is it standard to ask for first and last month's rent upfront? Do you usually ask tenants to sign a one year lease and then shift to month to month? Is there a standard lease template? I'm surprised at how few local resources there are for landlords or that they aren't easy to find. I've been trying to get up to speed on tenants rights in New York, which can help understand what is expected of the landlord, but would appreciate some content geared to landlords. 

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