8/30 – Closing Day is here. For real. Finally. This date has been pushed back for 3 weeks. On my way out my attorney isn't happy with the seller. In turn, he's not happy with me, and he's not happy with the drive.
The good thing is, the closing goes smoothly. No discrepancies with names, documents, or locations. The whole process took about 1.5 hours. I walked over to the City Hall to get the water and trash utilities in my name and met the seller at the house a short time later.
My personal recommendation of what to do as a new landlord is to come off to your tenant as someone who is always available, very organized, and covers his ass. I had an introductory letter, and enclosed the addressed and stamped envelope for the first month's rent. The letter told the tenant what is mine and my responsibility, and what was theirs and their responsibility. I followed suit with the old landlord to avoid confusion. Most of the guidelines I agreed with, some I was surprised by, that were in my favor.
I did a check of the vacant unit, and proceeded home on my new venture.
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