Hi all,
My wife and I recently purchased a two-unit home! The closing date is two months from now, so we have some time to figure out how to approach our new role as homeowners and landlords - it's the landlord role that for which I am seeking advice.
The house is a upstairs/downstairs split; we will live in the upstairs unit and rent out the downstairs unit. There are separate entrances for both units.
As we have never been landlords before, I am looking for any and all tips --- particularly from those of you who have done the owner-occupied/landlord gig. Anything specific we should know since we will be living above our renters?
List any and all tips: listing the unit, showing the unit, screening, rent collection, how to setup repairs when necessary, how to format and write a lease, etc.
Thank you!