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Updated over 7 years ago on . Most recent reply
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Looking for landlording steps from A to Z
I expect to purchase my first tenant occupied rental property ( out of state) before year's end so I'm looking for information on landlording. Ideally after I purchase how do you introduce yourself to tenants, collect rents, takeover security deposits from prior landlord. Thanks in advance for all replies.
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This is a very broad topic and one that you may not find all the answers on this thread. A couple of recommendations.
1: Search the forums for specific answers to each questions you asked above. For example "how do I introduce myself to tenants?" See this thread among others...
https://www.biggerpockets.com/forums/52/topics/434...
Search for "best way to collect rent" and you will come across multiple threads on the subject.
2: Pick up a good book that teaches you the basics of Landlording. I have read one and I have heard another one recommended a lot. I read Brandon and Heather Turner's 'The book on managing rental properties.' It is excellent and a good start to the dos and don'ts of this business plus it has a treasure trove of landlording documents you will need as a bonus content (of course check with your state laws before you implement any of them).
I have heard good things about 'Landlording on Autopilot' but I have not read that.
Best of luck and welcome to RE investing.