All Forum Posts by: Alex Phlipot

Hey guys,

I'm a 23 year old about to buy my first property - 2 Unit (2BR 1Bath each) Multifamily, and I keep going back and forth on if I'll need help managing one side while I live in the other.  I realize that it's only one unit (attached to mine nonetheless) and for the price it costs to get professional management, it seems crazy not to be able to handle it yourself.  That being said, I've still had some thoughts...

Mostly, I'm not sure about the basics of how to find good tenants, how to do background checks, knowing if I really need to hire a lawyer for a lease/contract, etc.  I've been looking around, but can't find any solid articles that really break it all down, so any help would be greatly appreciated!  Also, I've wondered about being taken seriously since I am fairly young (and quite frankly I look even younger).  I have no worries about handling myself professionally, but I wonder if anyone would be less inclined to rent from someone young and presumably inexperienced - has anyone ever had/seen issues with this?

Any help would be awesome, thanks!

Young investor about to purchase my first home.  I have been reading up a lot and finally decided to buy! - 2 Unit multifamily home - live in one side and rent out the other.  Any random advice is greatly welcomed!