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Updated about 5 years ago on . Most recent reply

User Stats

91
Posts
30
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Josiah Sia
  • Rental Property Investor
30
Votes |
91
Posts

A new landlord/PM has suddenly appeared!

Josiah Sia
  • Rental Property Investor
Posted

So we may become landlords much sooner than we expected. We were looking for a house hack and expected to find something vacant that we could ease our way into after a refurb etc. But we actually found one a bit sooner and will be inheriting some tenants.

The tenants in the 2/1 are in a month to month that we will need to end their lease and have them vacate. (Within 30 days of our closing) The tenants in the 3/2 we will be keeping.

From a COMPLETE noobie perspective, we are anxious and overwhelmed. I know you veteran landlords are probably looking at this and seeing this as easy, but we are a bit scared to tell the truth. We are going to have to work on vacating/ending the lease of a tenant and then inheriting and managing another.

Any advice and tips for completely new landlords/property managers? Specific advice on vacating a tenant after ending their lease and inheriting tenants would be amazing. What should we do first? Second? Third? 

I just setup an account on Cozy to manage maintenance, repairs and rent.

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