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Updated about 9 years ago on . Most recent reply
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so i closed on my first duplex
So I closed on my first duplex in oak park Michigan a suburb of Detroit . so I just became a landlord and a home owner , I have alot of questions floating around so I tthought is start here.
So I have to admit some mistakes I've made already , I didn't get estopple letters before inheritng the tenants ,however in in the process of getting them done as the new owner,
What should be my method for collecting rents ? I setup an account for tenants to deposit the rent checks , please advise if there is a better method.
What's the best way to communicate with my tenants ?
What other paperwork should I have on file for my tenants , Should d I have a copy of their renters insurance policy.
Just trying to understand what exactly what I need to be successful , please recommend and helpful books I've been reading" first time landard " by Janet portman
All help is great