Looking to buy first Property and be landlord. Advice/tips?

[Eric DeVito]

Hello all, I know the basics already that I need to secure financing, get pre-approved for a loan, do my analysis on some properties I am interested in and of course find a realtor and just check out some homes. Now say that I do find a property that I close on, what inital steps should I take as a landlord/investor. Btw I will be investing about 1 hour away from my home. I live in NYC, but I am going to invest in Pennsylvania. What is the admin side of things that I should keep in regards to records/documents? Also what documents should I be giving to tenants whether they are already there or I have to find new ones?

[Brian Adzadi]

@Eric DeVito

What part of Pennsylvania are you investing in? Give us more content about the property and we will see how to help you and what suggestions we would give you.