PDF Ebook First-Time Landlord: Your Guide to Renting Out a Single-Family Home, by Janet Portman Attorney, Ilona Bray J.D., Marcia Stewart
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First-Time Landlord: Your Guide to Renting Out a Single-Family Home, by Janet Portman Attorney, Ilona Bray J.D., Marcia Stewart
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Whether or not you call yourself a "landlord", when you rent out a house you'll want to do it right!
The "Landlording 101" course for new rental property owners who are first-time landlords by way of an inheritance, divorce, investment, purchase for a family member, or a move to a new house. 90% of small properties are owned by individual landlords, and millions in this group are balancing their landlord responsibilities with their daytime careers.
First - Time Landlord provides concise information for those with little business savvy and less time and patience to become big-time real estate investors, but who wish to make money on their new property while renting it out lawfully and right! It covers:
Handling Repairs
Containing tips, true stories, and shared first-time experiences, First - Time Landlord is an indispensable book for the new landlords of today's dominant rental housing market.
- Sales Rank: #148308 in Books
- Published on: 2011-09-26
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.00" w x 6.00" l, 1.11 pounds
- Binding: Paperback
- 376 pages
Review
Silver Award, 2010 Robert Bruss Real Estate Book Awards (National Association of Real Estate Editors 2010-06-01)
About the Author
Stewart writes and edits 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.
Bray is 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, Portman oversees 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 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.
Most helpful customer reviews
57 of 61 people found the following review helpful.
Exactly what an aspiring landlord will want to read!
By Derek G
I've reviewed three Nolo books now and all three have done a wonderful job of translating complicated legal mumbo-jumbo into readable material regular folks can understand. They may not replace the advice of a lawyer in my opinion, but perhaps I'm just a wimp. I was a little apprehensive of a book publisher of this caliber teaming up with USA Today as I consider their newspaper the sort of thing people read when they don't want to learn anything. Still, in a strange way, the combination works rather well. Nolo provides the information and the pages are sprinkled with interesting factoids or Snapshot Pictures to keep the material from getting too dry and putting you to sleep. It makes the entire book reader-friendly while still providing a valuable source of info.
Here are the different chapters:
1. Is Owning Rental Property for You?
2. 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. Dealing with Difficult Tenants
10. Hiring a Property Manager
11. Exiting the Rental Property Business
Each chapter has subchapters with specific topics that are easily referenced via the table of contents if you are searching for something specific.
Like other Nolo books, First-Time Landlord provides a step-by-step guide to the process of purchasing an investment property from start to finish. UNLIKE other Nolo books, First-Time Landlord does not provide a reference guide containing the various laws in the 50 different states that will impact you. Instead, you will frequently get phrases like, "check state law", that tend to get annoying. Even worse, they often don't provide suggestions as to which state department or authority we should talk to. Those blue pages in the phone book get larger every year and it's difficult to play the runaround game with state workers when we don't know where to begin. It's a significant omission and I hope it's updated in future editions, but it's my only gripe. Otherwise, any potential landlord will want to read this book first and I'm still giving them five stars for the info and layout. Nice job, Nolo.
41 of 45 people found the following review helpful.
good for starter information, but you may need more
By J. Jacobs
This easy-to-read book goes over the basics of renting out a single family home. Most of it is easy to understand and reading the book will provide one with a good base of information.
I was disappointed that this book didn't mention anything specifically related to renting out a part of owner-occupied property and how that situation might be similar to or different from renting out an entire house. Also, the discussion on depreciation of investments and what impact that will have at the time of sale was not well explained.
This is a good book to read for some initial information, but you'll probably need to consult other sources as well.
32 of 35 people found the following review helpful.
I am making money following it's advice!
By E. Meyers
I bought this book when starting a rental business. This book is eye-opening, really. I surprised my real estate agent. It gives many hands on details as well as resource for further learning. It is a small book so don't expect it to help you make million dollar decision, however, for a small rental business in initial stage, this is pretty much all you need. This book also helped me avoid a few costly mistakes. It is also very easy to read.
What can be a better compliment than simply saying: I read it and I am making money following it's advice!
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