Renting Out Your Property For Dummies [NOOK Book]

Overview

What most landlords learn the hard way – made easy!

Whether you dream of becoming a property mogul, or you've joined the ranks of 'accidental landlords' created by a sagging property market, Renting Out Your Property For Dummies, 3rd Edition is your roadmap to success. Melanie Bien and Robert Griswold walk you through the entire process of becoming a landlord and supply you with indispensable forms, agreements and letter templates – also ...

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Renting Out Your Property For Dummies

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NOOK Book (eBook - 3rd UK Edition)
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Overview

What most landlords learn the hard way – made easy!

Whether you dream of becoming a property mogul, or you've joined the ranks of 'accidental landlords' created by a sagging property market, Renting Out Your Property For Dummies, 3rd Edition is your roadmap to success. Melanie Bien and Robert Griswold walk you through the entire process of becoming a landlord and supply you with indispensable forms, agreements and letter templates – also available to download at the Dummies.com website.

  • To be or not to be a landlord – discover if you're really cut out to be a landlord and, if not, how to find a great property manager

  • Find investment properties – learn how to find, research and buy the most suitable properties for your needs

  • Transition from homeowner to landlord – what every 'accidental landlord' needs to know about acquiring an official 'consent to let' from your lender, switching to a buy-to-let mortgage and much more

  • Find Mr/Ms Right – find out how to prepare and advertise your property, set the rent, show your property and ensure that applicants are as trustworthy as they claim to be

  • Handle tenants like a pro – get a leg up on managing tenants, including collecting and raising rents, holding onto good tenants and dealing with difficult ones

  • Avoid legal hassles – acquaint yourself with the laws governing rental properties, such as the Tenancy Deposit Scheme and Energy Performance Certificates

"...an absolute must for the bookshelf of any would-be landlord, novice and experienced alike."
–from a review of the 2nd Edition by Tom Entwhistle, Editor of LandlordZONE.co.uk

Open the book and find:

  • Tips on marketing your rental property

  • The best way to screen your tenants

  • Hints on setting rents and managing increases

  • A guide on maintaining your property – both DIY and with contractors

  • Tricks on tackling rent, deposits and tenancy agreements

  • All you need to know about transitioning from homeowner to landlord

  • How to decide whether to manage your property yourself, or to hire an agent

Learn to:

  • Market your property and find the right tenant

  • Set your rent and manage increases

  • Stay on top of your finances and legal paperwork

  • Keep your property up to scratch

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Product Details

  • ISBN-13: 9781119977346
  • Publisher: Wiley
  • Publication date: 11/8/2011
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition description: 3rd UK Edition
  • Edition number: 3
  • Pages: 384
  • File size: 18 MB
  • Note: This product may take a few minutes to download.

Meet the Author

Melanie Bien has written about property for national newspapers and magazines and spent five years as Personal Finance Editor at the Independent on Sunday. She is the author of Renting Out Your Property For Dummies, Buying a Home on a Budget For Dummies and Sorting Out Your Finances For Dummies.

Robert Griswold lectures at the Institute for Real Estate Management.

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Table of Contents

Introduction 1

Part I: So You Want to Be a Landlord?  7

Chapter 1: Do You Have What It Takes to Manage a Buy-to-Let Property? 9

Chapter 2: Deciding Whether to Manage Your Property Yourself or to Hire an Agent 15

Chapter 3: Becoming an Accidental Landlord 27

Part II: Renting Your Property 35

Chapter 4: Finding the Perfect Rental Property 37

Chapter 5: Preparing Your Rental Property for Prospective Tenants 45

Chapter 6: Rent, Deposits and Tenancy Agreements: The Big Three of Property Management 61

Chapter 7: Generating Interest in Your Rental Property 73

Chapter 8: Handling Prospective Tenants and Showing the Property 95

Chapter 9: Eenie, Meenie, Miney, Mo: Selecting Your Tenants 127

Part III: The Brass Tacks of Managing Rentals 147

Chapter 10: Moving in the Tenant 149

Chapter 11: Collecting and Increasing Rent 167

Chapter 12: Keeping Good Tenants – and Your Sanity 181

Chapter 13: Dealing with Problem Tenants 187

Chapter 14: Moving Out Tenants 199

Part IV: Techniques and Tools for Managing 209

Chapter 15: Maintenance 211

Chapter 16: Safety, Security and Insurance 221

Part V: Money, Money, Money! 237

Chapter 17: Raising the Cash to Buy Your Rental Property 239

Chapter 18: Avoiding Property Taxes 251

Chapter 19: Using a Company To Hold Your Property 261

Chapter 20: Financial Management and Recordkeeping 267

Part VI: Only for the Daring 275

Chapter 21: Government Programmes 277

Chapter 22: Working in Niche Markets: Students, Pets, HMOs and Smokers 283

Part VII: The Part of Tens 291

Chapter 23: Ten Reasons to Become a Rental Property Owner 293

Chapter 24: Ten Ways to Get and Keep Full Occupancy in Your Property 297

Chapter 25: Ten Ways to Increase Cash Flow 303

Part VIII: Appendices 309

Appendix A: Resources 311

Appendix B: Forms, Templates and Standard Letters 315

Index 361

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