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

ISBN-10: 1413316271

ISBN-13: 9781413316278

Edition: 2nd 2011 (Revised)

Authors: Marcia Stewart, Ilona Bray, Janet Portman

List price: $24.99
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Book details

List price: $24.99
Edition: 2nd
Copyright year: 2011
Publisher: NOLO
Publication date: 9/26/2011
Binding: Paperback
Pages: 376
Size: 6.00" wide x 8.75" long x 0.75" tall
Weight: 1.100
Language: English

Stewart has been a Nolo editor and author since 1989, writing and editing 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. She has edited dozens of Nolo books, including How to Buy a House in California, Nolo's LeaseWriter Plus software for landlords, and Parent Savvy.

Brayis 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, Portmanoversees 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: Rights and Responsibilities, 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.

Your First-Time Landlord's Companion
Is Owning Rental Property for You?
Great Tilings About Being a Landlord
Tough Parts of Being a Landlord
Cute, Cheap, and More: Features of the Ideal Rental Property
Thinking About Buying an Investment Property?
Buying a Foreclosed Property
What Will Your Monthly Profit Be?
What Will Your Long-Term Gain Be?
Setting Your Goals
So Happy Together: Landlording With Family or Friends
The Pros and Cons of Landlording Together
Having a Compatible Co-Owner
How to Take Title
Creating a Co-Ownership Agreement
Preparing and Marketing Your Rental Property
Make Sure Everything Is Up to Code
Should You Make Major Repairs or Improvements?
Prepare the Rental for an Attractive Showing
Set the Rentand Other Important Terms
Get to Know the Neighbors
Come on Down! Advertising Your House for Rent
How to Show Your Property
Pardon Those People: Renting Property That's Still Occupied
Screening and Choosing Good Tenants
Creating a Rental Application
Check References and Run a Credit Report
Avoiding Illegal Discrimination
Is This the One? Characteristics of the Perfect Tenant
Whom to Reject
Preparing a Lease and Getting the Tenant Moved In
Which Is Better, a Lease or a Rental Agreement?
Typical Provisions in Leases and Rental Agreements
Signing a Lease or Rental Agreement
Getting the tenant Moved In
Organizing Your Rental Records
Manage Your Rental Income to Maximize Tax Deductions
Keeping Your Business Finances Separate
Shielding Yourself From Liability for Business Debts
Spenta Lot of Money? Take More Tax Deductions!
Proving What You've Spent: Record Keeping
Are You Rich Yet? Tracking Income" and Expenses
How Much Cash to Keep in Reserve
What to Do When Expenses Exceed income
Finding Professionals to Help You
Keeping Tilings Shipshape: Repajrs and Maintenance
Dealing W th the Legalities: Your Repair and Maintenance Obligations
Adopting a Good Maintenance and Repair System
No Thanks! Hiring Someone Else to do the Work
Landlord Liability for Injuries, Crimes, and More
Ouch, That Smarts: Liability for Tenant Injuries
Liability for Environmental Health Hazards
Keeping Tenants Safe: Liability for Crime
Insurance Coverage for Property and Liability
Living in Perfect Harmony? Dealing With Difficult Tenants
Common Tenant Problems- And What to Do About Them
Resolving Disputes
When All Else Fails: Terminations and Evictions
Don't Want to Do It Alone? Hiring a Property Manager
What a Professional Property Manager Does
Should You Hire a Property Manager?
How to Find the Best Property Manager
Put It in Writing: Drafting an Agreement With Your Property Manager
Ready to Quit? Exiting the Rental Property Business
What's the Driving Force? Identifying Your Exit Plan Objectives
What Are Your Options? Exploring Opportunities
What Rights Does the Tenant Have If You Sell?
If You Decide to Sell: Getting Ready
A Slower Exit: Rent-to-Own Arrangements
Advantages and Disadvantages of Rent to Own
The Option Price
Sale Price of the House
When the Tenant Must Exercise the Option
Seller Financing and the Tenant's Rent-Paying History
How Will the Tenant Notify You?
Tenant Improvements and Rent
"Right of Refusal" and "Right of Offer"
Get Legal Advice
Renting Out a Room in Your Home
Is Renting a Room to a Lodger for You?
Basic Steps to Renting Out a Room
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