How do you start your first renter property?

[Tony Zhang]

Hi,

I just bought my first turnkey out of state property from the roofstock (still in the closing process). How does anyone start their first rental property? is there anything I need to be aware of? and what should I be expected in the coming weeks/months? any tip or experience to me?

Thank you!

Tony

[Adam E.]

Get a property manager, learn everything you can from them. Run questions past them on repairs, how to handle situations with tenants when they ask you what you want to do, etc... To start, you need to expect you'll make some mistakes, you'll think you understand things one way and later have a different view, and you'll grow. Get people you can talk to that have experience and use their help.  I have a chat group with friends who all invest and we're always trading notes.