First Time Landlord

The 101 on earning rental income from a single-family home Do you own a house you’d like to rent out rather than sell? It’s a common scenario in today’s market, especially if you’ve inherited a house, are moving to another home, or are buying an investment property. And it may mean you’re about to be a first-time landlord. Follow the advice in this book to ease into your new role and earn substantial profits while avoiding costly mistakes. Learn your legal obligations. Estimate costs and profits. Choose good tenants and avoid problem ones. Make the most of valuable tax deductions. Handle repairs and property management tasks. The 5th edition is updated to cover major legal changes, in particular how the Tax Cuts and Jobs Act created pass-through deductions that can benefit landlords. Includes sample forms and budget worksheets.

Landlording: a handymanual for scrupulous landlords and landladies who do it themselves.

The 101 on earning rental income from a single-family home First-Time Landlord, aconsistent customer favorite, shows how to start a landlording business andmaintain it in one's spare time. Contains concise information on how to makemoney with a single-family home without getting into financial or legal hotwater. Readers will obtain easily digested information on how to rent out aproperty lawfully and safely, assess profitability before buying or committingto renting a property, find good tenants (or deal with difficult ones), prepareand sign the lease, handle repairs and maintenance, comply with state laws, andwhen the time is right, sell at a profit. With timely tips and truestories from successful landlords (including some who learned tough lessonsalong the way), First-TimeLandlord is an indispensablebook for property owners who want to rent out a single-family home.

Have doubts about what you need to AND should do, to prepare your first U.K. rental property investment? Discover the new legal requirements for landlords - you will need to know - to prevent you from being fined up to £30,000. Understand why compiling a Household Management Document will provide you with a valuable management tool, whereas, just having a tenancy agreement, falls massively short. In this book you will discover: ◆ Legal must-dos to make sure your rental property is compliant or face big fines ◆ Critical areas to get right before you check in your first tenant to cut your ongoing rental property maintenance costs ◆ Why adding unnecessary extras can actually lower your ROI ◆ Boundary confrontations - avoid by planning ahead ◆ Plumbing and Heating issues cost landlords so much more than they need to ◆ 29 criteria the local authority will use to judge you as a landlord and decide if your rental property is fit for human habitation Even if you think you have it all nailed….I'll bet you haven’t! Read this property rental book focusing on maintenance and in three hours you will be able to draw up a schedule to prepare and maintain your rental property….you can then relax and feel in control and start landlording on autopilot! Discover all this valuable guidance for less than the cost of a large pizza…. AND get a FREE Bonus Book on Tackling Damp In Your Rental! Get it Now!

Every California landlord and property manager should have this book--which covers everything they need to know about deposits, leases and rental agreements, inspections, habitability, discrimination, and rent control. It provides 25 tear-out forms and agreements, including rental applications, leases and rental agreements, 3-day and 30-day notices, sample letters, and more.

You are ready to take the plunge and begin investing in your first rental property. Congratulations, but now what do you do? This completely revised edition will guide you step-by-step toward the financial success you desire, covering all the essential topics — property selection, tenant selection, marketing and advertising, credit verification, reference verification, lease agreements, deposits, rent, late notices, essential regulations in all 50 states, and more. This new edition features brand-new stories from real estate investors and landlords, helping you to learn from their mistakes while also leading you in the right direction. Investing in rental properties is one of the smartest investments you can make, allowing you to build equity, generate a steady return on your investment, and enhance your cash flow. For many people, rental property investing is an ideal part-time business, because your assets appreciate and your cash flow rises even when you are absent. This comprehensive book contains excellent sections on the many uses of the internet to run your business, noting the numerous websites that are available to you, often at little cost, to identify sound properties, lock in the best possible mortgage, market your properties, and manage your business online. In addition, this invaluable guide contains more than 25 forms that you will undoubtedly need to get your business up and running, including sample leases, rental contracts, application forms, and more.

The ultimate property management guide for the do-it-yourself landlord! Written for the millions of landlords who own a single-family home, condo, or small (fewer than four units) rental property, Every Landlord’s Guide to Managing Property covers everyday skills a hands-on landlord needs, including how to: retain good, long-term tenants handle nitty-gritty maintenance such as snow removal, toilet clogs, and painting avoid conflicts over late rent, unauthorized roommates, and move-out procedures limit costly tenant turnover and vacancies manage condos and deal with association restrictions track income and expenses and prepare for tax time hire and work with repairpersons, lawyers, and other contractors, and balance landlording with a day job or other pursuits. The third edition is completely updated to cover the latest issues affecting small-scale landlords, including updates to tax laws, new tools (online and offline) for managing rentals, and advice on incorporating rental properties into a FIRE or side hustle strategy.

The landlord's essential guide to residential rental law Landlord's Legal Kit For Dummies is a comprehensive guide to the laws and legalities of renting property. This one-stop legal reference provides both guidance and the correct forms that help landlords avoid tenant issues, which could lead to legal ramifications. From screening potential tenants to handling your own insurance and taxes, you'll find expert insight in this easy-to-read style that simplifies complex legal matters into understandable terms. The book includes access to all the needed legal forms in both English and Spanish, and contains current information about applicable codes, ordinances, and policies across the country. Landlords have a responsibility to provide a safe, fully operational home for their tenants, and oversights can result in major court settlements. As a landlord, you need to know what the law requires of you. You also need to understand your rights, and the actions available to you when the tenant is in the wrong. This resource brings you up to speed, with the most current information about residential rental property law. The book covers privacy rights, domicile laws, paperwork, and more. Features up-to-date lease forms and contracts available for download online Provides information about applicant screening questionnaires and anti-discrimination policies Includes state and local building codes, health ordinances, and landlord-tenant laws Instructs you how to handle breach of lease situations and evictions There's even guidance on hiring a lawyer to protect your assets, property, and rights. Ignorance of the law is no excuse in court, and it frequently leads to misunderstandings that can hurt your wallet and your reputation. Before you lease another property, get all your ducks in a row with the essential instruction and tools in Landlord's Legal Kit For Dummies.