Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

5
Posts
5
Votes
John Smith
5
Votes |
5
Posts

About to Close, Now What?

John Smith
Posted

Hey Team,

I'm nearing the end for a purchase on an owner occupied duplex. Nothing is promised, but in case everything goes through, I was thinking about what it take to actually _do_ the managing, does this seem like a good summary?

  • payment collection: section 8 (contact housing authority)
  • lease: residential
  • screening: background/credit
  • communication: call/text, email
  • insurance: property, renters
  • rights: tenant, landlord
  • taxes: rent, property

One unit is occupied with a good history, so will occupy the vacant unit, just want to make sure it goes smooth (as it can at least).

Let me know your thoughts, thanks!

Most Popular Reply

User Stats

5,752
Posts
3,860
Votes
Michael Noto
  • Real Estate Agent
  • Southington, CT
3,860
Votes |
5,752
Posts
Michael Noto
  • Real Estate Agent
  • Southington, CT
Replied

@Brandon Rush Brought up a good point. Make sure to get a welcome letter out to the tenants ASAP. This sets the tone for how you will be different than the previous landlord and most importantly directs them on how and where to make payment. 

  • Michael Noto

Loading replies...