All Forum Posts by: Nathan Galvan

Hello, I am looking to purchase a duplex with my fiancé sometime next June. This will be my first property and I plan on renting the other unit out. I am a BEGINNER to all of this. When it's time to pay the mortgage every month, let's say the 1st of the month. Do I tell the tenant to send me the money on the 29th or 30th or the previous month? Or do I say the rent is due on the 1st of the month (I pay the whole rent and then put the money they give me back into my account)? Any suggestions? 

Thank you!

Hello, I am looking to purchase a duplex with my fiancé sometime next June. This will be my first property and I plan on renting the other unit out. I am a BEGINNER to all of this. Does anyone recommend that I hire a property manager? Do they handle all paperwork and credit checks? How much of a percentage to they get 8-10 percent of the rent? 

Thank you!

@FranklinTarter do you have any recommendations on what type of landlord books I should be reading? Thank you for your comment. It was really nice!

Hello I am 25 years old extremely new to real estate. My fiancé and I are b planning on getting married in June of 2016 and don't want to go down the apartment path or rent. So we decided we would like to get a duplex and rent out the other half of it.

What are the steps I should take to get the ball rolling and when should I start? We live in CA near the Sacramento area.

thank you to everyone who is reading this!

Hello, my name is Nate and I am very new to BP community. My fiancé and I are planning on purchasing a duplex in about a year. I will be 26 is November and she will be 25 October. I ha e a few questions so on how to get started and some questions about being a landlord. I would really appreciate the help. I live in CA by the way.

1) When should I start getting the ball rolling on purchasing a duplex? We are shooting for June 2016...6 Months the before, 4 months?

2) Do I have a say on who will be living next to me? For instance do I meet them and I choose who I would like to stay on the other unit?

3) I see people saying on here "Should I tell the other unit that I am their landlord?" This is Cono using because I thought they would definitely know because they will be paying me to live there. Or do they pay someone else and then the money gets sent to me?

4) When rent starts coming into me is it already taxed? Or do I pay taxes during tax season?

5) Do I set up my own contract for the tenants to follow?

6) I heard different bank accounts is the way to go...one for security deposits and one for rent that is paid to me.

7) say the rent is $1,600 for the whole duplex, is that what I should charge the tenants so I would be basically be living for "free"? What should I put as the rent for them to pay?

I think that is all the questions I have for now. Thank b you to everyone who has read and will be giving me feedback I really appreciate it!