New Landlord Seeking Your Advice

[Matt Heaton]

I have just partnered on a 6Plex and would love to get advice from anyone willing to give. We are local to the property and the last landlord has been managing it himself and says the tenants are very low maintenance. We would like to try this and will be prepared to bring in a property manager if needed.

First off I can’t find the documents specific to each state anywhere on BP. Anyone know where I can buy a lease agreement specific to the state of Utah?

How would you approach tenants with a rent increase right off the bat? They haven’t had an increase in 15yrs!!! They’re way below market average.

What should I watch out for and be prepared for? Any and all advice is appreciated! Thank you!!