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Every Landlord's Guide to Managing Property: Best Practices, from Move-In to Move-Out 4th ed. [Minkštas viršelis]

3.90/5 (41 ratings by Goodreads)
  • Formatas: Paperback / softback, 480 pages, aukštis x plotis x storis: 224x175x28 mm, weight: 771 g, Illustrations
  • Išleidimo metai: 13-Jun-2023
  • Leidėjas: NOLO
  • ISBN-10: 1413330959
  • ISBN-13: 9781413330953
  • Formatas: Paperback / softback, 480 pages, aukštis x plotis x storis: 224x175x28 mm, weight: 771 g, Illustrations
  • Išleidimo metai: 13-Jun-2023
  • Leidėjas: NOLO
  • ISBN-10: 1413330959
  • ISBN-13: 9781413330953
This guide for landlords focuses on issues such as how screen, choose and retain good tenants, hire a property manager, keep up with repairs and maintenance, make security deposit deductions and handle broken leases. Original Illustrations.

"Written for the millions of landlords who own a single-family home, condo, or small (less than four unit) rental property, Every Landlord's Guide to Managing Property covers everyday skills a hands-on landlord needs, including how to: retain good, long-term tenants; handle nitty-gritty maintenance such as snow removal, toilet clogs, and painting; avoid conflicts over late rent, unauthorized roommates, and clutter; limit costly turnovers and vacancies; manage condos and deal with association restrictions; track income and expenses and prepare for tax time; hire and work with repairpersons, lawyers, and other contractors; and balance landlording with a day job or other pursuits"--

The ultimate property management guide for the do-it-yourself landlord!

Written for the millions of landlords who own a single-family home, condo, or small (fewer than four units) rental property, Every Landlord’s Guide to Managing Property covers everyday skills a hands-on landlord needs, including how to:

  • retain good, long-term tenants
  • handle nitty-gritty maintenance such as snow removal, toilet clogs, and painting
  • avoid conflicts over late rent, unauthorized roommates, and move-out procedures
  • limit costly tenant turnover and vacancies
  • manage condos and deal with association restrictions
  • track income and expenses and prepare for tax time
  • hire and work with repairpersons, lawyers, and other contractors, and
  • balance landlording with a day job or other pursuits.

This edition provides updates on vital issues for small-scalelandlords, including how to take advantage of local laws allowing ADUs andhigher density, how the increase in electric vehicles might affect your rental,and ways to use the latest financial technology apps for landlords.



The property management guide that provides the best practical and legal compliance advice for the millions of small-time landlords who own a single-family home, condo, or small (less than four) multi-unit property. Companion to Every Landlord’s Legal Guide.

The ultimate property management guide for the do-it-yourself landlord!

Written for the millions of landlords who own a single-family home, condo, or small (fewer than four units) rental property, Every Landlord’s Guide to Managing Property covers everyday skills a hands-on landlord needs, including how to:

  • retain good, long-term tenants
  • handle nitty-gritty maintenance such as snow removal, toilet clogs, and painting
  • avoid conflicts over late rent, unauthorized roommates, and move-out procedures
  • limit costly tenant turnover and vacancies
  • manage condos and deal with association restrictions
  • track income and expenses and prepare for tax time
  • hire and work with repairpersons, lawyers, and other contractors, and
  • balance landlording with a day job or other pursuits.

The fourth edition is completely updated to cover the latest issues affecting small-scale landlords, including updates to tax laws, new tools (online and offline) for managing rentals, and advice on incorporating rental properties into a side hustle or FIRE strategy. 

Part-Time Residential Landlords: The Superheroes of Rental Housing 1(20)
Filling a Gap in the Landlord Literature
3(1)
The Long-Term Landlord
4(2)
How Skills You Currently Have (or Can Easily Acquire) Will Contribute to Your Success
6(5)
Why I Like Being a Landlord
11(5)
What You Won't Find in This Book
16(5)
1 What's Your Competitive Edge?
21(14)
Get to Know Your Market and Where Your Rental Fits Within It
23(1)
Differentiate Your Units From the Competition
24(3)
Offer Lower-Priced Units by Focusing on Keeping Long-Term Tenants
27(1)
Make Strategic Decisions About Your Approach to Renting Property
28(4)
Consider Whether an LLC Is Right for You
32(2)
What's Next?
34(1)
2 Selecting Rental Properties
35(44)
Location, Location, Location
37(4)
What Type of Rental Property Is Best for You?
41(1)
Single-Family House
42(2)
Duplex, Triplex, and Fourplex
44(3)
Condominium
47(5)
Accessory Apartment (or In-Law)
52(1)
The Rental Market and Your Target Tenant
53(3)
Choosing the Right Property: Don't Leave It to Chance
56(2)
How to Make Sure the Rental Property Pencils Out
58(7)
Finding Out All You Can About a Prospective Property
65(6)
Arranging a Professional Inspection
71(3)
Making an Informed Decision When Choosing a Rental Property
74(1)
Guidelines for Buying an Occupied Unit
75(3)
What's Next?
78(1)
3 Discovering Your Inner Handyperson: Tips and Tricks
79(32)
Your Basic Skills, Toolkit, and Supplies
81(6)
Washing Painted Walls
87(1)
Refinishing Wooden Cabinets
88(2)
Painting
90(6)
Using a Drill
96(1)
Caulking
97(2)
Dealing With Drains
99(1)
Toilet Troubleshooting
99(6)
Dealing With Moisture and Mold
105(2)
Ways to Boost Your Repair and Maintenance IQ and Effectiveness
107(3)
What's Next?
110(1)
4 Preparing Your Rental Unit for Tenants
111(34)
Understanding Fair Rental Condition for Your Market
113(2)
To Furnish or Not to Furnish
115(1)
Preparing for New Tenants
116(1)
Establishing a Cleaning and Repair Routine
117(2)
Walls and Ceilings
119(1)
Floors and Floor Coverings
120(4)
Pet, Tobacco, and Other Odors
124(2)
Kitchen and Appliances
126(7)
Bathrooms
133(1)
Light Fixtures and Outlets
133(1)
Doors and Windows
134(1)
Closets
134(1)
Smoke Detectors, Fire Extinguishers, and Carbon Monoxide Detectors
135(1)
Perimeter and Outside
136(2)
Marshalling Your Materials and Supplies
138(3)
The Minor Remodel: Doing It on the Cheap
141(1)
Handing Off the Turnaround Work: Hiring Help
142(1)
What's Next?
143(2)
5 The Art of Rental Maintenance
145(24)
Maintenance---It's About Tenant Satisfaction, Too!
146(1)
Learning What Level of Maintenance and Repairs the Law Requires
147(2)
Developing a Maintenance Mentality
149(1)
Do-lt-Yourself Maintenance Helps You Keep an Eye on the Property
149(4)
Establishing the Maintenance Habit
153(3)
Common Maintenance Cues: A Seasonal Routine
156(11)
Create a Maintenance Record and Update It Regularly
167(1)
What's Next
168(1)
6 Working With Service Contractors
169(40)
Who's a Contractor?
172(1)
When It Makes Sense to Hire Contractors
172(13)
Choosing Contractors
185(5)
Hiring a Handyperson
190(1)
Making Sure the Worker Is an Independent Contractor (Not an Employee)
191(5)
Getting Bids and Estimates From Contractors
196(6)
Signing a Contract
202(1)
Your Role While the Work Is Being Done
203(5)
Keep the Big Picture in Mind
208(1)
What's Next?
208(1)
7 Getting Great Tenants
209(60)
Developing a Tenant Screening and Selection Plan
212(1)
Complying With Antidiscrimination Laws
213(2)
Managing First Impressions
215(1)
Crafting Your Advertisement or Posting
216(3)
Sample Rental Ad
219(5)
Should Your Ad Include Exact Street Address and Photos?
224(2)
Making Initial Contact With Prospective Tenants
226(4)
Emailing Rental Applications to Interested Parties
230(1)
Final Steps in Preparing Your Rental for Showings
231(5)
Setting Up and Staggering Your Showings
236(3)
Closing the Door on Traditional Open Houses
239(2)
Your "Sales Pitch" During Showings
241(4)
When to Start Screening Prospective Tenants
245(1)
Developing Your Screening Criteria and Procedures
246(2)
A Thorough Rental Application Is Key -
248(1)
Top Criteria for Choosing Good Tenants
249(10)
Screening for Pets
259(1)
Pros and Cons of Credit Checks
260(2)
Guidelines for Evaluating Rental Applications and Credit Reports
262(3)
Choosing a Tenant
265(1)
Rejecting Applicants
266(2)
What's Next?
268(1)
8 Starting the Tenancy Right: Lease Terms and Onboarding Process
269(38)
Key Terms to Include in Your Lease or Rental Agreement
270(17)
Where to Find Lease and Rental Agreement Forms
287(1)
Signing the Lease or Rental Agreement
288(2)
Making Cosigner Situations Work
290(3)
Tenant Onboarding Process
293(13)
Creating Tenant Files
306(1)
What's Next?
306(1)
9 Effective Landlord Communications
307(64)
Best Practices for Landlord Communications
310(14)
Handling Common Tenant Communications
324(5)
Communicating About Delays in Rent Payment
329(5)
More Strategies for Serious Late-Rent Situations
334(5)
Communicating About Unauthorized Occupants
339(8)
Responding to Requests to Add a Roommate
347(2)
Communicating With Tenants Who Break the Lease
349(9)
Communicating With Tenants About Other Common Issues
358(4)
Communicating About Tenants' Pets
362(2)
Handling Conflicts Large and Small
364(4)
Formal Conflict Resolution for the Landlord
368(1)
Who Should Handle Evictions: You or an Attorney?
369(1)
What's Next?
370(1)
10 Moving Tenants Out
371(16)
How a Tenancy Ends
372(1)
Four Major Move-Out Pitfalls to Avoid
373(1)
Preparing a Move-Out Letter
374(4)
Reviewing Your Security Deposit Return Rules
378(3)
Green Tips for Moving Out With Minimal Waste
381(4)
The Landlord Cycle: Preparing for the Next Move-In
385(1)
What's Next?
386(1)
11 Understanding and Using Professional Services
387(32)
Legal Help for the Small-Time Landlord
388(10)
Tax Help for the Small-Time Landlord
398(7)
Insurance Professionals and Coverage for Your Rental Property
405(7)
Other Helpful Professionals
412(1)
Property Managers
413(3)
How Professionals Can Help With Your Exit Strategy
416(2)
What's Next?
418(1)
12 Tracking Income and Expenses for Tax Time
419(22)
Where You'll Report Income and Deductions: Schedule E
420(3)
Looking at Schedule E
423(11)
Don't Sweat a Tax Loss (Especially in Your Early Years)
434(1)
Keeping Records of Your Income and Expenses
435(4)
What's Next?
439(2)
Index 441