First time land lord advice.

[Brett Aguiar]

Hello B.P. community!

I am approaching my closing date within the month. Just to give you some background, I am moving into my first investment property in Cumberland, Rhode Island from Massachusetts. I will be living in one of the units, and the other will be rented. It is already occupied and has a signed lease until September. I'm looking for information that could be helpful on my journey moving forward. I would love to hear about previous encounters and just simple things that a newbie may not realize. ANY help is appreciated, Thank you!

[Michelle G.]

@Brett Aguiar

I would say, make the place nice, fix things when they break, be a responsive landlord. Maintain the property, know your neighbors they will call you if anything is "off"

On the other side

My 2 biggest mistakes were.

1. Settling for a tenant, don't do it, stick to your screening criteria. I have gotten suckered by the underdog story.

2. Don't delay in starting eviction process. Waiting a month on a promise to pay is costly.

Sounds harsh but I learned the hardway.