Publisher's Synopsis
The fun and easy way tomake managing propertiesboth profitable and enjoyable! Thinking about becoming a landlord? This guide gives you proven strategies for establishing and maintaining rental properties, be they single family or multi–resident. You′ll see how to prepare and promote your properties, select tenants, handle repairs, avoid costly mistakes and legal snafus — and meet your long–term goals. Learn all the basics of the rental housing business — from finding and showing properties and dealing with tenants to record keeping and paying your taxes Prepare your properties for prospective tenants — set the rent and security deposit, clean up properties, and verify rental applications Become a top–notch manager — work efficiently with employees and contractors to keep your properties safe and secure Manage your money wisely — evaluate the different types of insurance and understand income and property taxes Bonus CD Includes Sample rental contracts, financial worksheets, eviction notices, and other valuable tools for simplifying day–to–day operations See the CD appendix for details and complete system requirements. Open the book and find: Advice on whether you should manage the property yourself or hire a pro The latest on property management and rental housing laws Tips for handling vacancies, renovations, open houses, mandatory disclosures, rent increases, and evictions The pros and cons of lease options, working with public rental assistance programs, and maintenance alternatives Troubleshooting advice for rent collection problems, housing discrimination complaints, and environmental hazards
