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Highlights
- The 101 on earning rental income from a single-family homeDo you own a house you'd like to rent out rather than sell?
- Author(s): Ilona Bray & Janet Portman
- 336 Pages
- Business + Money Management, Real Estate
Description
About the Book
Millions of rental properties are owned by individual, in some cases "accidental" landlords, who appreciate a concise, easy-to-understand guide to handling the legal and practical aspects of the business, so as to avoid hassles and time sinks and reap maximum profits. This book provides an authoritative primer on how to enter the rental property business, complete with stories and lessons from experienced landlords.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 7th edition is updated to cover the latest IRS limits regarding landlord tax deductions.
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
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