Closed on my 1st duplex

[Mohammed Al]

Hello! I hope everyone is having a great week!

I’m new to the app and have been reading different posts to gain as much knowledge as possible so thank you to everyone for sharing!

This is my 1st post now that I closed on my first duplex in Lakewood, OH. I am absolutely new to this process & was hoping to get some general guidance.

The home is pretty much turnkey and I plan to live in one unit for a little while & rent out the other one; then possibly next year we’ll rent out both.

The home has 2 tenants already occupying both units on month to month leases.

They’re only paying around $750/mo which is well below market and there’s room to increase the rent to at least $1250/mo.

what is the best way to handle my first interaction with the current tenants and how to properly ask them to move out?

Also, I would like to know if anyone has any suggestions/tips/do’s&don’ts for someone in my situation.

Thank you!