First-Time Landlord: Your Guide to Renting out a Single-Family Home (USA Today/Nolo Series) Review

First-Time Landlord: Your Guide to Renting out a Single-Family Home (USA Today/Nolo Series)
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I've reviewed three Nolo books now and all three have done a wonderful job of translating complicated legal mumbo-jumbo into readable material regular folks can understand. They may not replace the advice of a lawyer in my opinion, but perhaps I'm just a wimp. I was a little apprehensive of a book publisher of this caliber teaming up with USA Today as I consider their newspaper the sort of thing people read when they don't want to learn anything. Still, in a strange way, the combination works rather well. Nolo provides the information and the pages are sprinkled with interesting factoids or Snapshot Pictures to keep the material from getting too dry and putting you to sleep. It makes the entire book reader-friendly while still providing a valuable source of info.
Here are the different chapters:
1. Is Owning Rental Property for You?
2. Landlording with Family or Friends
3. Preparing and Marketing Your Rental Property
4. Screening and Choosing Good Tenants
5. Preparing a Lease and Getting the Tenant Moved In
6. Manage Your Rental Income to Maximize Tax Deductions
7. Keeping Things Shipshape: Repairs and Maintenance
8. Landlord Liability for Injuries, Crimes, and More
9. Dealing with Difficult Tenants
10. Hiring a Property Manager
11. Exiting the Rental Property Business
Each chapter has subchapters with specific topics that are easily referenced via the table of contents if you are searching for something specific.
Like other Nolo books, First-Time Landlord provides a step-by-step guide to the process of purchasing an investment property from start to finish. UNLIKE other Nolo books, First-Time Landlord does not provide a reference guide containing the various laws in the 50 different states that will impact you. Instead, you will frequently get phrases like, "check state law", that tend to get annoying. Even worse, they often don't provide suggestions as to which state department or authority we should talk to. Those blue pages in the phone book get larger every year and it's difficult to play the runaround game with state workers when we don't know where to begin. It's a significant omission and I hope it's updated in future editions, but it's my only gripe. Otherwise, any potential landlord will want to read this book first and I'm still giving them five stars for the info and layout. Nice job, Nolo.

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Whether or not you call yourself a "landlord", when you rent out a house you'll want to do it right!The "Landlording 101" course for new rental property owners who are first-time landlords by way of an inheritance, divorce, investment, purchase for a family member, or a move to a new house.90% of small properties are owned by individual landlords, and millions in this group are balancing their landlord responsibilities with their daytime careers. First - Time Landlord provides concise information for those with little business savvy and less time and patience to become big-time real estate investors, but who wish to make money on their new property while renting it out lawfully and right! It covers:
How to determine whether or not the property will turn a profit
Landlord business basics
Finding good tenants
Preparing and signing a leaseHandling Repairs
Complying with applicable rental laws
Dealing with problem tenants
Preparing for sale of propertyContaining tips, true stories, and shared first-time experiences, First - Time Landlord is an indispensable book for the new landlords of today's dominant rental housing market.

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