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Updated almost 3 years ago,
I have purchased a 3-plex, now what? Montreal (Canada) area.
Hi all,
I am very happy, I am closing the deal on my first 3-plex in a couple of weeks, fully rented. I have learned about financing, crunching numbers, negotiation, etc, but now it's game time and I don't know where to start.
- Should I introduce myself / discuss with the tenant about the change? How to do that?
- The inspection showed that there are couple of stuff that needs to be fixed, especially on the ground floor. Not a big deal, around 5K. Can someone recommend me trustworthy contractors in the area?
- Should I purchase a real estate software to manage my accounting, RL-31, contract renewals, etc. Or is too much for a 3-plex?
- The ground floor rent hasn't been increased for the last 4 years. Can I already do it as soon as the improvements are done on that appartment?
Thanks.