Landlording advice for newbie

[Jose Valdez]

Hello everyone! I need some advice. I’m currently in escrow for a triplex and it everything goes well it will be my first investment. I’d like to self manage to try and keep more of the profits. Because it will be my first property I think it’s worth a try to self manage. These are my questions,

1) what the best way to collect rent?( I’m 2 hours away but want to make sure money is transferred correctly to my business account)

2) When it comes to repairs, do you have some type of contract signed with a company or do you just look for someone when needed?

3) When a one year lease is completed, can you renew for another year? Or does it automatically go on a month to month?(someone said you can’t renew for another year so just making sure)

Any other tips would be greatly a appreciated! This would be my first investment and first time managing. I know it can be tough but I would at least want to give it a try. Thanks everyone!