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82
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Dennis L Lewis Jr
  • Nashville, TN
22
Votes |
82
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Watchout! New Landlord in Town.

Dennis L Lewis Jr
  • Nashville, TN
Posted

Hey BP,

Newbie Investor in the process of finding a multi family property (duplex, triplex, quad) to move in and house hack and becoming a landlord for the first time. In my searching I noticed some of the propeties will say that there are tenants currently living in the other units. 

If I were to purchase one of these said properties. What are some tips and advice to "break the ice" for someone becoming the new owner in taking over a property with tenants already in place? What are some procedures/ steps that you've found useful?

Please share your experiences.

Thanks,

Dennis

Most Popular Reply

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Rachel H.#2 Mobile Home Park Investing Contributor
  • San Antonio, TX
1,510
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3,721
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Rachel H.#2 Mobile Home Park Investing Contributor
  • San Antonio, TX
Replied

@Dennis L Lewis Jr For me personally, I go in as the property manager (versus the owner). Put everything in writing. And be professional. Hope that helps! 

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