Watchout! New Landlord in Town.

[Dennis L Lewis Jr]

Hey BP,

Newbie Investor in the process of finding a multi family property (duplex, triplex, quad) to move in and house hack and becoming a landlord for the first time. In my searching I noticed some of the propeties will say that there are tenants currently living in the other units. 

If I were to purchase one of these said properties. What are some tips and advice to "break the ice" for someone becoming the new owner in taking over a property with tenants already in place? What are some procedures/ steps that you've found useful?

Please share your experiences.

Thanks,

Dennis

[Rachel H.]

@Dennis L Lewis Jr For me personally, I go in as the property manager (versus the owner). Put everything in writing. And be professional. Hope that helps!