School me on: Buying a multi-family home/building

[Poke]

Grew up chasing and beating up fleeing tenants who owed us $.

Best advice I’ve seen is in the lease write that you check the fire/alarm monoxide alarms your self monthly on x day. Or you change the air filters or something that gets you in. You want to walk in each unit monthly with the tenants knowing your coming in every room, once a month.

If we did that we would have saved tens in thousands of damages.

 

[Poke]

And, the day before renters move in or during your final walk through before closing on it, buy an old fashion news paper. Walk in every room and take a picture of it with the newspaper in the picture. It will be your evidence of the condition of each room on a specific day. So new damages can’t be claimed by a tenant that they were existing.

 

[Poke]

All the same principle, you need to know the condition of your property. They can walk away, you cant

 

[WTF?]

And, the day before renters move in or during your final walk through before closing on it, buy an old fashion news paper. Walk in every room and take a picture of it with the newspaper in the picture. It will be your evidence of the condition of each room on a specific day. So new damages can’t be claimed by a tenant that they were existing.

Or you could not be a boomer and embrace 21st century technology and just do a video walk through with your phone where you announce the date at the beginning, and not involve print media…