Soon To Be First Time Landlord, What Mistakes Am I Going To Make?
Hello everybody,
I am not a landlord yet, but if all goes to plan I will own a two unit upper lower in which I plan to house hack in the next couple months. As with all things in life, no matter how prepared I feel or how much front end research I put in, mistakes will be made. My question is which mistakes are most newbie landlords most prone to, and how can I avoid them? Any tips, suggestions, or any advice in general would be very helpful.
Thank you in advance!
Just a bit of background info which may be relevant. House is in Buffalo, New York. 2000 square feet upper lower. Will be in good condition when time comes to rent out. Tenant pool to my knowledge is good hard working people whom I don’t foresee and issue with finding a reliable tenant. If any additional info is needed please let me know and I will provide!