Owner Occupancy Landlording 4plex

[Michael Breedlove]

My wife and I are looking to do our first deal. We are considering a 4-plex. We've never been landlords before. Just looking for any do's and don't's when it comes to owner occupancy landlording. We have young children and safety is always a priority for us of course. So any safety tips and or specific boundaries with tenants to set in place would be helpful. And any other wisdom in regards to first time landlords would be much appreciated! Thanks BP peeps.

[Russ M.]

Make sure you know your state landlord tenant laws beforehand.  If you are buying with tenants already in the building, make sure you get copies of all of the paperwork they signed including but nnot limited to leases, move-in inspection checklists, all contact information, etc..

Good luck.