First-Time Landlord: Your Guide to Renting Out a Single-Family Home

First-Time Landlord: Your Guide to Renting Out a Single-Family Home

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by Janet Portman, Marcia Stewart, Michael Molinski, Ilona Bray
     
 

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Earn rental income

The declining U.S. economy has forced many homeowners to make tough decisions about their property. If you're one of the millions of Americans affected by the credit crisis, struggling to make your mortgage payments, and are considering renting out your home to make ends meet, you'll need to learn the basics of being a landlord.

Let

Overview

Earn rental income

The declining U.S. economy has forced many homeowners to make tough decisions about their property. If you're one of the millions of Americans affected by the credit crisis, struggling to make your mortgage payments, and are considering renting out your home to make ends meet, you'll need to learn the basics of being a landlord.

Let First-Time Landlord show you how to start your landlording business and maintain it in your spare time. Get the concise information you need to start making money with a single-family home, written for property owners with little business savvy — and even less time and patience. Learn how to rent out your property lawfully and safely with valuable information on:

. how to determine whether or not the property will turn a profit
. landlord business basics
. finding the right tenants
. preparing and signing the lease
. handling repairs
. complying with your state's rental laws
. dealing with problem tenants, and
. preparing for sale of the property.

From timely tips to true stories from successful landlords, First-Time Landlord is an indispensible book for property owners who want to rent out a single-family home without the hassle — quickly, efficiently and legally.

Editorial Reviews

National Association of Real Estate Editors
Silver Award, 2010 Robert Bruss Real Estate Book Awards

Product Details

ISBN-13:
9781413316278
Publisher:
NOLO
Publication date:
09/26/2011
Edition description:
Second Edition
Pages:
376
Product dimensions:
5.90(w) x 8.90(h) x 0.90(d)

Meet the Author

Stewart writes and edits books on landlord-tenant law, real estate, and other consumer issues. She is the co-author of First-Time Landlord, Nolo's Essential Guide to Buying Your First Home, Every Landlord's Legal Guide, Every Tenant's Legal Guide, Leases and Rental Agreements, and Renters' Rights.

Bray is an author and legal editor at Nolo, specializing in real estate, immigration law, and nonprofit fundraising. She is co-author of Nolo's Essential Guide to Buying Your First Home and also edits a number of Nolo's small business books. Bray's working background includes solo practice, nonprofit, and corporate stints, as well as long periods of volunteering, including an internship at Amnesty International's main legal office in London. She received her law degree and a Masters degree in East Asian (Chinese) Studies from the University of Washington.

As Nolo's managing editor, Portman oversees editorial work on all Nolo books. She specializes in residential and commercial landlord/tenant law, legal issues related to courts, landlords and tenants, and neighbor disputes. She is the author or co-author of Every Landlord's Legal Guide, Every Landlord's Guide to Finding Great Tenants, Every Tenant's Legal Guide, Renters' Rights, Negotiate the Best Lease for Your Business, Leases & Rental Agreements, The California Landlord's Law Book and California Tenants' Rights. Portman received undergraduate and graduate degrees from Stanford University and a law degree from Santa Clara University. Before joining Nolo in 1994, she practiced law as a public defender.

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First-Time Landlord: Your Guide to Renting Out a Single-Family Home 3.3 out of 5 based on 0 ratings. 4 reviews.
Gang_Chen_LEED_AP_AIA More than 1 year ago
"First-Time Landlord: Renting out a Single-Family Home" is a good book with a wrong title. It covers the general process and things that a landlord needs to be aware of. The information applies to all rentals, not just for a Single-Family Home. Condos and townhouses may have some special rules (HOA, CC &R, etc.), but this could have been easily covered in an additional chapter, and make the book much more useful. It includes 11 chapters: Is Owning Rental Property for You? So Happy Together: Landlording with Family or Friends Preparing and Marketing Your Rental Property Screening and Choosing Good Tenants Preparing a Lease and Getting the Tenant Moved In Manage Your Rental Income to Maximize tax Deductions Keeping Things Shipshape: Repair and Maintenance Landlord Liability for Injuries, Crime and More Living in Perfect harmony? Dealing with Difficult Tenants Don't Want to Do It Alone? Hiring a Property Manager Ready to Quit? Existing the Rental Property Business This book gives you general information on rental property. It may be more helpful if it can give some sample lease, or other standard forms for a landlord to cover the basic of rental agreement, etc. In many states, you can also buy standard lease agreement to modify for your use. If I am a landlord, I'll like to have general information but I also want the book to be practical and helpful and solve my problems. I'll NOT re-invent a lease agreement based on the info of this book. I'll buy a standard lease agreement and modify it for use. It may be helpful for the book to include the links to buy these standard forms. I agree with another reviewer that Craig's list is one of the most effective tools to advertise your rentals. Overall, "First-Time Landlord: Renting out a Single-Family Home" is a good book that can help a potential landlord. It gives you general knowledge but can be improved to be more practical and helpful. Gang Chen, President, ArchiteG, Inc. AIA, LEED AP, Real Estate Broker (DRE# 01232392) Bestselling Author of books on LEED, Architecture and Landscape
Anonymous More than 1 year ago
After reading it I did not get some of the answers that I had questions.
Anonymous More than 1 year ago
Anonymous More than 1 year ago