Synopses & Reviews
Earn rental income
The declining U.S. economy has forced many homeowners to make tough decisions about their property. If you're one of the millions of Americans affected by the credit crisis, struggling to make your mortgage payments, and are considering renting out your home to make ends meet, you'll need to learn the basics of being a landlord.
Let First-Time Landlord show you how to start your landlording business and maintain it in your spare time. Get the concise information you need to start making money with a single-family home, written for property owners with little business savvy -- and even less time and patience. Learn how to rent out your property lawfully and safely with valuable information on:
. how to determine whether or not the property will turn a profit
. landlord business basics
. finding the right tenants
. preparing and signing the lease
. handling repairs
. complying with your state's rental laws
. dealing with problem tenants, and
. preparing for sale of the property.
From timely tips to true stories from successful landlords, First-Time Landlord is an indispensible book for property owners who want to rent out a single-family home without the hassle -- quickly, efficiently and legally.
Landlording 101 for new rental property owners who are first-time landlords as a result of an inheritance, divorce, move to a new house, buying a duplex and renting out the extra unit, purchase for a family member (elderly parent or college student child), or buying a rental property house as an investment. Many of the readers are not only first-timers, but they are accidental landlords who took on the task because they inherited a property or couldn't sell their house at a decent price, so are renting it out. The book is for the millions of people who rent out single family homes and condos (not multi-unit apartment buildings), while typically balancing a day job with landlord responsibilities. The audience is novice landlords who need basic business and legal advice on renting out and managing rental properties — different from landlords who consider themselves real estate investors.
About the Author
As Nolo's managing editor, Janet 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.
Ilona Bray, J.D. is an award-winning author and legal editor at Nolo, specializing in real estate, immigration law, workplace wellness and nonprofit fundraising. Many of her books are consistent Nolo bestsellers, among them Effective Fundraising for Nonprofits, U.S. Immigration Made Easy and Nolo's Essential Guide to Buying Your First Home. Her latest book is entitled The Volunteers' Guide to Fundraising. She particularly enjoys interviewing people and weaving their stories into her books.
Marcia 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.