Tips for New Investor

[Anthony C.]

I am closing on my first property in a couple weeks. It is a fully occupied duplex in Rochester, NY. I plan to self-manage and eventually house hack once one of the leases expires.

I would love to here any last minute tips for a new investor about to plunge into the world of property management. I have read a number of books on managing rental properties (@Brandon Turner's "The Book on Managing Rental Property" and Mike Butler's "Landlording on AutoPilot" to name a couple) but feel like most of the learning will come with experience. 

Were there any tips you wish someone told you when you got started? Any experiences that taught you a valuable lesson you didn't read about in books? Any response would be appreciated!

Thank you,

Anthony Cifarelli

[Erin M.]

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