First-Time Landlord

Your Guide to Renting Out a Single-Family Home

Ilona Bray, Janet Portman, Marcia Stewart

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English

NOLO
29 August 2023

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 6th edition is updated to cover new trends in tenant-screening restrictions and municipal licensing requirements and fees.

By: Ilona Bray, Janet Portman, Marcia Stewart
Imprint: NOLO
Country of Publication: United States
Edition: 6th ed.
Dimensions: Height: 226mm, Width: 147mm, Spine: 23mm
Weight: 440g
ISBN: 9781413331288
ISBN 10: 1413331289
Pages: 336
Publication Date: 29 August 2023
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

Ilona Bray is an author and legal editor at Nolo, specializing in real estate, immigration law, and nonprofit fundraising. She is coauthor of Becoming a U.S. Citizen, U.S. Immigration Made Easy, Nolo's Essential Guide to Buying Your First Home and numerous other top selling books. Bray's working background includes solo practice, nonprofit, and corporate stints, as well as long periods of volunteering, including an internship at Amnesty International's main legal office in London. She received her law degree and a Masters degree in East Asian (Chinese) Studies from the University of Washington. Bray also blogs on Nolo's Immigration Law Blog. Janet Portman, an attorney and Nolo's executive editor, specializes in residential and commercial landlord/tenant law. She is the author or coauthor of Every Landlord's Legal Guide, Every Tenant's Legal Guide, Renters' Rights, Leases & Rental Agreements, The California Landlord's Law Book: Rights and Responsibilities, and others. Portman received undergraduate and graduate degrees from Stanford University and a law degree from Santa Clara University. As a practicing attorney, she specialized in Criminal defense before joining Nolo.

Reviews for First-Time Landlord: Your Guide to Renting Out a Single-Family Home

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