Updated for 2018 - includes all the tax and legislative changes announced during 2017. By the author of the UK's most popular property book, The Complete Guide To Property Investment. Please note that this book only covers letting and management of a property you already own. For a guide to buying the right property in the first place, you should buy 'The Complete Guide To Property Investment'. Take a property, throw in a tenant and watch the money roll in. This seemingly simple formula has attracted nearly two million people in the UK to become landlords, but the reality is a whole lot more complicated. Did you know, for example, that if you forget to provide a certain piece of paper you might be unable to evict a tenant - even if they don't pay the rent? Or that you could be fined for not checking your tenant's immigration status? And don't forget the inevitable broken boilers, mysterious leaks and various tenant complaints that always seem to happen at the most inconvenient time. How To Be A Landlord is a straightforward guide to everything involved in letting and managing a property - whether you're an accidental landlord or an enthusiastic investor. In simple and entertaining language, it covers important steps like preparing the property to let, advertising for tenants, conducting viewings, doing all the paperwork, managing the tenancy, and dealing with any tricky situations that crop up (including the dreaded emergency repairs and evictions...). You'll learn: How to set yourself up for success when preparing a property to let Where to find the perfect tenants for your property The essential checks you must make to avoid a nightmare tenant Everything you need to do when setting up a tenancy to avoid problems later How to deal with the most common maintenance issues and repairs The proper legal processes to follow when you have troublesome tenants Top tips from experienced landlords for how to look after your tenants - keeping them happy, your property safe, and the rent rolling in Frequently updated and with contributions from over 50 experienced landlords, this is the most current and comprehensive book on the subject - and essential reading for anyone who wants a simple, profitable life as a landlord.
You are ready to take the plunge and begin investing in your first rental property. Congratulations, but now what do you do? This completely revised edition will guide you step-by-step toward the financial success you desire, covering all the essential topics — property selection, tenant selection, marketing and advertising, credit verification, reference verification, lease agreements, deposits, rent, late notices, essential regulations in all 50 states, and more. This new edition features brand-new stories from real estate investors and landlords, helping you to learn from their mistakes while also leading you in the right direction. Investing in rental properties is one of the smartest investments you can make, allowing you to build equity, generate a steady return on your investment, and enhance your cash flow. For many people, rental property investing is an ideal part-time business, because your assets appreciate and your cash flow rises even when you are absent. This comprehensive book contains excellent sections on the many uses of the internet to run your business, noting the numerous websites that are available to you, often at little cost, to identify sound properties, lock in the best possible mortgage, market your properties, and manage your business online. In addition, this invaluable guide contains more than 25 forms that you will undoubtedly need to get your business up and running, including sample leases, rental contracts, application forms, and more.
Advice on profitable strategies, problem tenants, UK legal issues, and more! Minimise rental headaches and maximise cash flow - without agent's fees Whether you want to become a property tycoon or just rent out a second home, this guide to the UK rental market is your roadmap to success. Now fully updated with extra coverage on tax issues and company formation, let successful landlords Melanie Bien and Robert Griswold show you how to buy the right property, avoid legal problems, retain the best tenants, and maximise your rental income. Praise for Renting Out Your Property For Dummies "This book is a comprehensive guide to the process of renting out your property, brim full of sound practical advice based on years of experience. It's an absolute must for the bookshelf of any would-be landlord, novice and experienced alike." —Tom Entwistle, Editor of the rental property Web site, www.LandlordZONE.co.uk Discover how to Market your property and screen tenants Set the right rent and manage increases properly Master maintenance issues, from DIY to 'contractor dream team' Stay on top of your finances and record keeping
This is a guide for those landlords who have purchased rental income property and need the knowledge and skills to manage a problem tenant.
This comprehensively revised and expanded new edition of David Lawrenson`s best-selling book shows you how to buy the right property in the right location (including abroad), and how to maximise yield and capital gain - whatever the state of the market. It includes advice on: Getting the best possible deals from developers and private sellers, and at auctions; Managing issues such as tax, mortgages, credit rating, insurances, damp, flood risk, and letting agents; Complying and keeping up-to-date with all laws and regulations; Avoiding tenants from hell. This new edition reflects the current market as well as up-to-date information on mortgage availability, licensing and HHSRS regulations; the Green Deal re-launch; squatting laws; tenancy deposit schemes and immigration check requirements.
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 (less than four unit) multiplex, Every Landlord’s Guide to Managing Property helps them learn how to keep their day job and manage their properties (and tenants) on the side. It provides the best practical and legal compliance advice for small-time landlords who want to manage and grow a successful rental property business with a personalized approach and minimal hassle and cost. Every Landlord’s Guide to Managing Property focuses on everyday skills the do-it-yourself landlord needs, including property oversight and maintenance, effective communication with tenants, and general management. It covers a wide range of topics, such as how to: market and differentiate your rental units from the competition handle nitty-gritty maintenance—from snow removal to toilet clogs to painting screen and deal with tenant issues like late rent payments, pet problems, clutter, unauthorized occupants, and other conflicts track income and expenses for filing taxes and completing Schedule E hire and work with outside contractors, lawyers, and other help, and much more.
From the author of Amazon best-sellers "Property Investment For Beginners" and "Beyond The Bricks" Over the last 20 years, more than a million Brits have made life-changing profits from buy-to-let. But as prices keep rising and the tax landscape changes, investors need to get smarter in order to succeed. It's far from "game over," but the game is changing... for the better. The unwary and under-prepared will be squeezed from the market - leaving educated, strategic investors to have their best decade yet. The Complete Guide To Property Investment gives you the insight, information and action plan you need to navigate this new property landscape and come out on top. It starts by demonstrating - with real-life examples - a range of strategies suited to achieving different investment goals. Only then does it take you step by step through every aspect of researching, financing, buying and managing investment properties. You'll learn: How to formulate a strategy suited to achieving your investment goals Everything you need to know about financing your investments An exact step-by-step research process you can use to decide what to invest in How to manage your investments What the property cycle is, and how you can use it to your advantage How to build a profitable portfolio for the long-term - including scaling up, surviving recessions, and exit strategies. Whether you're turning to property to secure your retirement, start a new career or generate a stream of passive income, this book will be the most valuable investment you make.
Devoted to the beginning or small real estate owner or manager, this guide offers a complete program in which tenants self-manage the property and explains how to attract and keep good tenants, obtain maximum rent, and simplify bookkeeping
This classic book on managing rental property, widely known among landlords and landladies as their bible, has been in print for thirty-nine years, has sold over 375,000 copies, and has twice been selected as one of the top ten real estate books of the year by nationally syndicated real estate columnist Bob Bruss. This latest edition has been thoroughly revised and updated and includes both the eighty-four forms in the previous edition plus TWO new ones. One of the new forms, the Household Pest Control Agreement, puts into words what both landlord and tenant need to understand about their cooperating to deal with household pests, especially bed bugs. The other new form, Automatic Clearing House (ACH) Recurring Payment Authorization, enables tenants to pay their rent through an automated clearing house (ACH), so they needn t bother writing a paper check every time their rent is due. ALSO, new in this 12th edition is a coupon which the first purchaser of the book may use to receive free of charge all of the forms in the back of the book in common computer formats, PLUS a trial version of Pushbutton Landlording(r), the author s stand-alone program for handling the tenant and income sides of rental property management."
Maximize profits in the single-family and multi-unit rental market You probably know that small rental properties are among the safest, most affordable, and most profitable investments around. With the a little help, however, you can minimize both your investment and your costs and send your profits straight through the roof! In this comprehensive handbook, real estate investing expert Steve Berges reveals the secrets that have made him one of the most successful entrepreneurs in the field. He shows you all of the indispensable tricks of the trade, explains why they are so important, and connects them to other essential steps for super-profitable investing. Arming you with his Five Golden Rules for Success, Steve Berges also shows you how to: Select a house and negotiate the best price and terms Perform a comprehensive financial analysis to maximize value Secure financing and prepare for your closing Find qualified tenants and draft favorable lease agreements Reduce operating costs, increase rents, and improve profitability Avoid the little-known pitfalls of real estate investing With Steve Berges' expert guidance and no-nonsense advice, you can maximize your investment, minimize your time and effort, and make the most of every foray into the real estate market.
All of the need-to-know information, nitty-gritty details, step-by-step checklists, ready-to-use agreements, forms, notices and letters and practical advice that Florida's do-it-yourself residential landlords and property management professionals need to know about in order to run a profitable rental housing business.
The letting/renting industry is booming. With most properties too expensive for people to get on the housing ladder, a dearth of lending instruments, the need for a flexible and transient workforce, high divorce rates, and an increase in immigrants coming, more and more people are looking for rental accommodation. The requirement for professional letting and managing agents is high. Providing you have some business acumen and determination, you can run a successful lettings business without any specific prior knowledge. This book will provide much of the information you will need, and shows you how and where to get additional information, training and resources. The book provides a complete guide to starting and running your own residential letting agency even if you have no previous knowledge of the industry. It will also provide valuable information for anyone buying into a lettings franchise, or for people already working in the industry.
Managing tenants can be hard work - unless you have the right systems! In The Book on Managing Rental Properties, you'll discover how to be a landlord without losing your shirt, your mind, or your financial future.
Discover how to be a landlord with ease Thinking about becoming a landlord? Property Management Kit For Dummies gives you proven strategies for establishing and maintaining rental properties, whether a single family or multi-resident unit. You'll find out how to prepare and promote your properties, select tenants, handle repairs, avoid costly mistakes and legal missteps—and meet your long-term goals. Now you can find out if you really have what it takes to successfully manage a rental property, and you'll learn all about the various options for hiring someone else to manage your property for you. You'll find out the right way to prepare your properties for prospective tenants, set the rent and security deposit, clean up properties between tenants, and verify rental applications. In no time at all, you can become a top-notch property manager by working efficiently with employees and contractors to keep your properties safe and secure. Manage your time and money wisely Acquire a property and prepare it for tenants Make your property stand out and attract tenants Keep good tenants and get rid of bad ones Collect and increase rent Evaluate the different types of insurance and understand income and property taxes Complete with lists of ten reasons to become a rental property owner, ten ways to rent your vacancy, and the ten biggest mistakes a landlord can make, Property Management Kit For Dummies helps you achieve your dream of being a successful residential rental property owner. CD-ROM and other supplementary materials are not included as part of the e-book file, but are available for download after purchase.
Maximize your tax deductions Rental real estate provides more tax benefits than almost any other investment. Whether you own a ten-unit rental apartment building or rent a room in your home through Airbnb, you need to know about all the valuable deductions you are entitled to take as a landlord. Every Landlord's Tax Deduction Guide is the only book that focuses exclusively on IRS rules and deductions for landlords. Find out how to: handle casualty and theft losses distinguish between repairs and improvements deduct home office, car, travel, and meals proper tax records—and much more. The book also covers landlord tax classifications, reporting rental income, hiring workers, and depreciation. Filled with practical advice and real-world examples, Every Landlord’s Tax Deduction Guide will save you money by making sure you owe less to the IRS at tax time. If the tax laws change, we will post updates on a special page on Nolo.com. That way, you’ll always have access to up-to-date information if there are significant changes to the law. All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017. Anyone who purchases the book has access to an update page on the Nolo website specific to this book which explains the 2017 bonus depreciation change and summarizes how the new tax law affects small business owners’ taxes for 2018 and later. A new edition of the book, completely updated for the new tax law, will be published August 1, 2018.
Ever lost money from unpaid rent or property damage? Lay awake, furious over a tenant issue you couldn’t resolve? Clashed over a repair your tenant requested but wouldn’t give you access to complete? You may want to talk these things out but expect communication will break down unless you find a new way. How can you discuss your rights and your interests in the same conversation without confrontation? Landlords stand to lose not only their profits but peace of mind if unable to discuss both. Written for landlords, property managers and housing professionals, The Good Landlord will show you how to make communication work so you can increase your profits, positive impact and peace of mind. You’ll discover approaches to building tenant relationships that will save time and money. You’ll learn how to handle tenancy issues so they don’t escalate into costly disputes. And if court action is needed, Shapiro offers a step-by-step process to get results, including the back rent, or be able to get your tenant out -- at minimal expense. Included is a guide for reaching agreements without overspending on lawyers or other professionals. Whether your tenancies are stable or eviction is needed, The Good Landlord will help you maximize success with your tenants by day, and sleep at night! Drawing on 25 years of experience as a coach, mediator, trainer, and landlord himself, Shapiro offers stories, dialogues, checklists, and lessons learned to engage you and make learning fun. Most importantly, The Good Landlord will help you gain control as a landlord. You’ll experience greater freedom now and in the future from difficult conflict. You’ll feel more valued as a landlord, and have resources to do the things you love to do.
This concise but comprehensive guide is for first time - as well as established - landlords. It is divided into sections, each of which is jam-packed with detail and insider tips. Most sections will only take minutes to read (although a few earlier ones take a little more) and each section tells you exactly what you need to do - and why - to get best results. It provides advice on: viewings - how to arrange and conduct them; making a realistic rent assessment before spending any money; knowing what agents should charge and should do; advertising - how to write, where to place, and how to respond to callers - plus using the response to assess tenants; selecting tenants and closing the deal; and, deposits - why they work and how they can fail.It also offers advice on: agreeing inventories, schedules of condition, and property profiles; assured shorthold leases - what they are, the exceptions, and where to buy them for a song; ending tenancies - the easy, and the hard way; the legal responsibilities that no landlord can ignore; particular aspects about houses in multiple occupation; property maintenance - realistic costs and useful advice; and, dealing with the tax man. Each section has tips, skills, time management ideas, and problem solving advice, plus supportive guidance and helpful websites and phone numbers. If you're looking for a bit of straight talking about your investment, or you're sufficiently interested to discover how to increase your own bottom line rather than some agent's, then this is the guide for you. Contents: Lesson 1 Learning the Ropes when Buying Property; Lesson 2 Mock Advertising; Lesson 3 Yields; Lesson 4 Selecting Agents - or not; Lesson 5 Assured Shorthold Leases; Lesson 6 Advertising; Lesson 7 Inventories, Schedules of Condition and Property Profiles; Lesson 8 Viewings; Lesson 9 Selecting Tenants and Tying Up the Deal; Lesson 10 Deposits; Lesson 11 Ending Tenancies; Lesson 12 The Serious Responsibilities; Lesson 13 Houses in Multiple Occupation; Lesson 14 Property Maintenance; Lesson 15 The Tax Man's Take; Index
The top-selling book on making money from property investment and buy-to-let, now fully revised and updated. This comprehensively revised and expanded new edition of David Lawrenson`s bestselling book shows you how to buy the right property in the right location (including abroad), and how to maximise yield and capital gain - whatever the state of the market. It includes advice on: Getting the best possible deals from developers and private sellers, and at auctions Managing issues such as tax, mortgages, credit rating, insurances, damp, flood risk, and letting agents Complying and keeping up to date with all laws and regulations Avoiding tenants from hell This new edition reflects the current market as well as up-to-date information on mortgage availability, licensing and HHSRS regulations; the Green Deal re-launch; squatting laws; tenancy deposit schemes and immigration check requirements. 'Stands out as a practical and extremely detailed guide for landlords . . . crammed full of tips.' National Landlords Association 'Excellent guidance . . . a valuable contribution to the savvy landlord's bookshelf.' Landlordzone.co.uk David Lawrenson has more than thirty years' experience as a landlord, buy-to-let expert and property consultant. His consultancy service at www.LettingFocus.com provides independent advice for landlords and organisations that provide services to the private rented sector.
The Book on Rental Property Investing, written by real estate investor and co-host of the BiggerPockets Podcast Brandon Turner, contains nearly 400 pages of in-depth advice and strategies for building wealth through rental properties. You will learn how to build an achievable plan, find incredible deals, pay for your rentals, and much, more more. If you've ever thought of using rental properties to build wealth or obtain financial freedom, this book is a "must read."
Have peace of mind when letting out your own home for the first time. The Accidental Landlord takes the worry out of letting. It gives you the knowhow to navigate the post-Brexit world of jittery prices, tax changes and 140-plus landlord laws. And it shows you how to succeed, even using your property as your first step to financial freedom.