Skip to content
Multi-Family and Apartment Investing

User Stats

54
Posts
12
Votes
Emmy K.
  • Real Estate Agent
  • Louisville, KY
12
Votes |
54
Posts

Closing on first property, 12-plex in 1 WEEK!! Tips prior to taking over!? TIA

Emmy K.
  • Real Estate Agent
  • Louisville, KY
Posted Jun 13 2015, 06:02

My husband and I are thrilled and a bit nervous about closing next week on our first property--- 3 four plex's a mile from our home. A HUGE thanks to bigger pockets for helping us crunch numbers, network and give us confidence to take the plunge!

With that being said anything you Pro's recommend we do before we close? 

We are planning to leave a note on everyone's door the day of closing with new contact info, PO Box for rent, parking diagram (parking is tight and can be an issue).

We are thinking of giving everyone a $10-$20 gift card as a 'new owner' gift. We are also condidering a small cookout in a few weeks as a meet and greet, Is this odd? We are doing some exterior updates and want to let tenants know that we will work as quickly as possible. Would you notify tenants of vague plans? 

We have met w/ lawyers, bankers, etc. now I feel like we are going to get the keys and be thrown to the wolves, any tips greatly appreciated!!

Thanks in advance, now to upgrade to a BP Pro 😊

Loading replies...