Tips for a new 8plex landlord

[Soumya Brijesh]

Hello All, 

I am closing on an 8plex in 3 days. I am going to self manage this property. So my first stint in Property management. The 8plex is 100% occupied. I would love to hear your thoughts on what should I be doing during the first week. 

Here is what I have as a plan. 

1. Introduction--how will I do this? Put a notice on the doors or in-person meet?
2. Get new leases Signed by all tenants
3. Inspect all units for current conditions
4. Setup RentRedi Or Buildium as property management software and rent collections
5. Transfer Waste management to my name
6. setup bank account for rent collection