So, you just bought a rental house or small multifamily property. Congratulations!
Now what?
Well, you need to probably fill that vacant unit with a nice family who is going to pay top dollar on time each month, never complain unnecessarily, and treat your property with respect.
***Special Note: If you are interested in more time-saving tips for new real estate investors, don’t miss this week’s free Webinar, “How to Invest in Real Estate While Working a Full-Time Job” here on BiggerPockets! Okay, back to your regularly scheduled blog post!***
So you place an ad on Craigslist, Zillow, or in the newspaper, or maybe you put up a sign in the yard. Quickly you begin receiving phone calls, and they typically look like this:
Landlord: Hello?
Prospect: Hi, I’m calling about your property at 123 Main Street.
Landlord: Yes, it’s still available.
Prospect: Great! Can I schedule a time to see it?
Landlord: Sure thing. How does tomorrow at 6 p.m. work for you?
Prospect: That would be great. I’ll see you then!
Landlord: Sounds good. Bye.
Did you notice the rookie mistake in the conversation above? Here’s what it is:
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