First time landlord

[Onye Chukwuma]

As a first time landlord, what would you say was the most important things that you did when you first started out? Additionally, what would you say is the most important things I could do to position myself with my first property to be able to add a second, as it relates to processes, delegation, etc?

[Anthony Vicino]

As a first time landlord, you need to understand the federal, state, and city-level laws governing landlord/tenant interactions in your area. Many cities offer helpful resources and classes to get you up to speed quickly.

Once you have a firm understanding of the rules, the next thing to do is start creating systems, standard operating procedures, and basic means of organization.

To that end, read The Book on Managing Rental Properties by the Turners. It will save you SO much time and headache, guaranteed.