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

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

Paperback(Fourth Edition)

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Overview

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 4th edition is updated to cover the latest laws and practices affecting first-time landlords of single-family homes.
Includes samples of forms every new landlord needs, including a rental application and budget worksheet.

Product Details

ISBN-13: 9781413324440
Publisher: NOLO
Publication date: 09/27/2017
Edition description: Fourth Edition
Pages: 336
Sales rank: 500,872
Product dimensions: 5.90(w) x 8.90(h) x 0.90(d)

About the Author

Janet Portman an attorney and Nolo’s executive editor 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. As a practicing attorney, she specialized in Criminal defense before joining Nolo.

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.

Marcia Stewartwrites 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, First-Time Landlord, Every Tenant's Legal Guide, Leases and Rental Agreements, Renters' Rights, and The Legal Answer Book for Families.

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

Customer Reviews