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.
This is an excellent resource for homeowners wanting to rent their home but not knowing where to start. Of course, you’re going to have to research specifics on your own as laws vary by state, but it provides a rock solid foundation and resources.
Another great read for me in my attempts to figure out how to be a landlord. I still have more to learn, but these books have certainly helped me go from absolutely no knowledge to a small amount of knowledge about the business!