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

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Overview

Whether you're ready for a new entrepreneurial opportunity or considering renting out a home instead of selling, 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 ...

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

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Overview

Whether you're ready for a new entrepreneurial opportunity or considering renting out a home instead of selling, 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 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 indispensable book for property owners who want to rent out a single-family home without the hassle — quickly, efficiently and legally.

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Editorial Reviews

National Association of Real Estate Editors - National Association of Real Estate Edit
"Silver Award, 2010 Robert Bruss Real Estate Book Awards 2010" National Association of Real Estate Editors
From the Publisher
"Silver Award, 2010 Robert Bruss Real Estate Book Awards 2010" National Association of Real Estate Editors
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Product Details

  • ISBN-13: 9781413320657
  • Publisher: NOLO
  • Publication date: 9/30/2014
  • Edition description: Third Edition
  • Edition number: 3
  • Pages: 376
  • Sales rank: 386,484
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.90 (d)

Meet the Author

Janet Portman specializes in residential and commercial landlord/tenant law. She is the author or coauthor of Every Landlord's Legal Guide, Every Tenant's Legal Guide, Renters' Rights, Leases & Rental Agreements, The California Landlord's Law Book: Rights and Responsibilities and others. 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.

Marcia Stewart writes and edits for Nolo on landlord-tenant law, real estate, and other consumer issues. She is the coauthor of Nolo's Essential Guide to Buying Your First Home, Every Landlord's Legal Guide, Every Tenant's Legal Guide, Leases and Rental Agreements, Renters' Rights, and The Legal Answer Book for Families.

Ilona Bray is an author and legal editor at Nolo, specializing in real estate, immigration law, and nonprofit fundraising. She is coauthor of Becoming a U.S. Citizen, U.S. Immigration Made Easy, Nolo's Essential Guide to Buying Your First Home and numerous other top selling 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. Bray also blogs on Nolo's Immigration Law Blog.

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Table of Contents

Your First-Time Landlord’s Companion

1. Is Owning Rental Property for You?

2. So Happy Together: Landlording With Family or Friends

3. Preparing and Marketing Your Rental Property

4. Screening and Choosing Good Tenants

5. Preparing a Lease and Getting the Tenant Moved In

6. Manage Your Rental Income to Maximize Tax Deductions

7. Keeping Things Shipshape: Repairs and Maintenance

8. Landlord Liability for Injuries, Crimes, and More

9. Living in Perfect Harmony? Dealing With Difficult Tenants

10. Don’t Want to Do It Alone? Hiring a Property Manager

11. Ready to Quit? Exiting the Rental Property Business

Index

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Customer Reviews

Average Rating 3.5
( 4 )
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Sort by: Showing all of 4 Customer Reviews
  • Posted September 18, 2009

    more from this reviewer

    A good book with a wrong title

    "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

    3 out of 3 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted March 3, 2013

    Not what I was expecting.

    After reading it I did not get some of the answers that I had questions.

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted May 19, 2010

    No text was provided for this review.

  • Anonymous

    Posted September 26, 2010

    No text was provided for this review.

Sort by: Showing all of 4 Customer Reviews

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