First-Time Landlord - 6th Edition by Ilona Bray & Janet Portman (Paperback)

About the Book

"This book is for first-time landlords of single-family homes. It explains how to rent out property lawfully and safely, and discusses the legal obligations of landlords, estimating costs and profits, choosing good tenants and avoiding problem ones, making the most of tax deductions, and handling repairs and property management tasks. Helpful checklists and budget worksheets are included"--

Book Synopsis

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
the logical next step might be for you to become 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 6th edition is updated to cover new trends in
tenant-screening restrictions and municipal licensing requirements and fees.

Review Quotes

"Robert Bruss Real Estate Book Silver Award". National Association of Real Estate Editors

"Portman, Bray, and Stewart write for people who rent out or want to rent out a single-family house or condominium and want to do most of the work themselves. Increasingly, they say, people become landlords suddenly and accidentally, and need to fit that work around existing work and family obligations. Their topics include preparing and marketing a rental property, managing rental income to maximize tax deductions, keeping things shipshape: repairs and maintenance, exiting the rental property business, and renting out a room in your home.." Eithne O'Leyne, Editor Ringgold, Inc. ProtoView

"Virtually every book from Nolo Press can be highly recommended without reservation." Robert Bruss, Nationally Syndicated Real Estate Columnist