Starting out with first inestment property

[Account Closed]

Hey guys!

I've been a long time lurker and I've finally made the move and I'm closing on my first investment property. The investment property is a multi-family home. Three units, two 3 bedroom, and one 1 bedroom.

My closing is in a week and now I'm panicking. I've been reading posts left and right on purchasing a property, but what about after you've purchased the property?

How do you manage your rents and tenants? Since this is my first property and margins arent that high and it's around where I live, I don't want to utilize a property manager because I won't see a return because I'm also paying back my heloc that I've used as downpayment.

Strategy I'm utilizing:

For the building I've created a new bank account and utilizing a property managing software (free) called Tellus which I discovered and allows for tenants to send rent through it similar to Cozy or similar competitors (but 100% free). I've drafted a lease that I'll have tenants review once the existing lease is up - and start listing for rent on various websites (can do it one tap through Tellus).

My nervousness comes from - how do you introduce yourself to existing tenants? Do you come off as proepry manager or be honest and tell them I'm the owner and new landlord? Have you had issues with tenants adverse to using a apps to pay rent? As a landlord have you found ease eliminating paper checks? Im a millennial I love technology and utilizing for benefits so I hate the idea of paper checks and snail mail. It's slower for accounting and takes a while for money to show up in my account as well.

Thoughts?