If you own rental property, you should be taking advantage of the many tax write-offs available. Every Landlord's Tax Deduction Guide gives residential landlords the plain-English guide they need to save money on taxes -- without the services of a high-priced accounting firm.
This book explains how to maximize your deductions. Find out how to:
deduct home office, travel, casualty losses - and much more
Every Landlord's Tax Deduction Guide is comprehensive yet easy to read, jam packed with interesting and relevant examples. The 3rd edition is completely updated for 2007 and reflects the latest tax information and numbers.
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"Every Landlord's Tax Deduction Guide gives small residential landlords - who can't afford to hire high-priced accounting or law firms - the guide they need to save money on taxes. Every Landlord's Tax Deduction Guide explains how to: · fill out the dreaded IRS Schedule E · determine whether an expense is a deductible repair or depreciable improvement · take real estate tax credits · maximize depreciation deductions · deduct losses arising from real estate ownership · keep proper tax records · deduct home office, travel, and entertainment expenses This book is comprehensive yet easy to read, and provides many interesting and relevant examples. It also covers other deductions landlords can take, including taxes, interest, casualty losses, expenses for professional services - and much more. "
Customer Reviews:
Wanna save money?.......2007-09-27
This book not only describes detailed info about valid tax write-offs, but also has an insight into how to think as a Landlord. As a first-time Landlord, the book put into perspective why a repair can sometimes be better than a replacement and why. Lots of really good info if you don't want to pay for an expensive accountant! Highly recommended!
Best friend at Tax time.......2007-07-06
I can't tell you how many times I've referenced this book. It is very easy to use and simply written, even if by lawyers! During tax time I have it right by my side, and it always seems to answer every quesion I have.
very easy and informative.......2007-05-08
Recently I purchased a rental property. I knew a little about tax deduction as a landlord. THis book gives you very detailed info and also gives you an examples after each topic so that you can understand how you can apply the info into your real life. I am not a very good reader, but I can easily read this book and understand.
Great item and transaction.......2007-01-09
Many thanks to the seller - the book was in great condition and I received it promptly
Absolutely Essential.......2006-10-31
I am a law student at Yale Law School and my husband is an attorney. We own and I manage about 5 rental properties. This book is absolutely essential for anyone owning a rental property. Do not depend on your accountant as a substitute as most accountants will not know this kind of detailed information about real estate rentals (unless they specialize in it or maybe have their own rentals.) My accountant who has been in practice over 20 years did not know a lot of essential stuff which I had to guide him through(it may be time for a new accountant). If I had not read this book I would have been doomed. Because I can qualify for the unlimited deduction (not just $25,000) for rental losses, we have literally saved tens of thousands of dollars in taxes we would have otherwise had to pay on my husband's salary, legally, with the guidance of this book. I cannot recommend this book highly enough. It is written in a very easy to understand format and gives you almost all the information you need in one place. You cannot rely on others to properly arrange your financial affairs in this specialized area. By reading this book you will know how to buy, finance, and repair properties in ways that produce the most effective tax benefits. Consider yourself lucky that you are aware this book is out there and purchase immediately if you own rentals.
Average customer rating:
- Outstanding
- Every Landlords legal guide, eighth edition
- A Lead for New Landlords
- Nice beginning, but beware of state law!
- If there were more starts, this book earns it!
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Every Landlord's Legal Guide (Book w/ CD-Rom)
Marcia Stewart ,
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ASIN: 1413304141 |
Amazon.com
Anyone who has ever been a landlord knows that the rental business is tightly regulated. As the authors of Every Landlord's Legal Guide point out, "a landlord either knows and follows the law or doesn't stay in business long." This book clearly outlines what the law requires of a landlord and, just as importantly, offers advice on how to be conscientious yet profitable. This useful book is filled with helpful information on finding good tenants, agreements and leases, liability issues, and even terminations and evictions. The advice is extremely thorough. For example, the chapter on the landlord's maintenance duties contains information on who is responsible for minor repairs, ways to avoid problems by instituting a preventive-maintenance program, and even possible tenant responses to landlord negligence. The book is rounded out with a chapter on finding a lawyer and an appendix of state laws that may affect your business. Dozens of sample forms are included both as blank hard copies in the book and as templates on the enclosed disk. This book is extremely user-friendly: Stilted legalese is translated into simple English, handy icons highlight particular points in the text, and sidebars provide in-depth analysis on a variety of issues. The authors maintain that success is based on "choosing tenants carefully, keeping good tenants happy, teaching mediocre tenants how to improve and getting rid of bad tenants by applying policies that are strict, fair and legal." This book will help you do just that. --C.B. Delaney
Book Description
The all-in-one resource every landlord needs.
The best, most effective way to make and save money as a landlord is to keep up with the law --and with Every Landlord's Legal Guide, you can do it.
From move-in to move-out, Every Landlord's Legal Guide helps you handle the issues you're likely to face, helping you avoid hassles and headaches -- not to mention legal fees. Here is everything you need to:
*choose tenants *prepare a lease or rental agreement *collect and return deposits *avoid discrimination charges *hire a property manager *keep up with repairs and maintenance *minimize liability *deal with problem tenants *and more
Every Landlord's Legal Guide provides over 30 documents you'll need, including leases and rental agreements,as tear-outs and on CD-ROM.
The 8th edition is completely revised to provide your state's current laws, and discusses how new federal bankruptcy laws affect your ability to evict tenants.
Download Description
This popular book gives every landlord and property manager the legal and practical information they need. Residential landlords will find the answers they need to: · screen and choose tenants · write a legal rental agreement or lease · hire a property manager · understand repair, maintenance and security responsibilities · avoid injuries and lawsuits Every Landlord's Legal Guide also covers how to comply with laws concerning: · tenancy termination · security deposits · privacy · discrimination · and much more
Customer Reviews:
Outstanding.......2007-07-24
This is a must-have book for all landlords and prospective landlords. It is written in plain English that is easy to understand and includes copies of nearly every form you could possibly need. Well written, laid out, and constructed.
Every Landlords legal guide, eighth edition.......2007-04-10
Havent had a chance to go through the entire book; expect I will refer to it when I have a need to do so. It seems quite thorough, though maybe not laid out in a user friendly style as it could be.
A Lead for New Landlords.......2007-03-31
This book is the perfect starting point for people wanting to get into the rental business. Provides you with answers to some questions you didn't think to ask.
Nice beginning, but beware of state law!.......2007-02-25
This book gives you a good first overview, but you absolutely have to get a book on your state's regulations as well, especially if you live in a highly regulated state like Massachusetts. This book for example only gives you a vague idea on how to handle the security deposit, but Massachusetts state law is very specific and not following the rules precisely may cost you the deposit plus penalties.
If there were more starts, this book earns it!.......2007-02-15
I am a landlord, and this puts all the pertinent landlord/tenant info under one cover. WOW! I borrowed this book from the library, and it's so good I had to buy it.
Book Description
In The Landlord’s Survival Guide, Jeff Taylor shares fresh ideas and fresh perspectives that will help make any landlord more productive.
- Leigh Robinson, author of ,Landlording: A Handy Manual for Scrupulous Landlords and Landladies.
""Mr. Landlord's ideas have increased the profits from my apartments every time I've applied them! If you want bigger cash flows and smaller hassles, read this book!""
- Peter Conti, co- author of Investing in Real Estate Without Cash or Credit.
""Not only is The Landlord’s Survival Guide great for new and part-time real estate investors, it is extremely helpful for new property managers who are starting out managing other people's property or for the long time property managers wanting new tips and a great reference guide."" - Melissa Prandi, author of the Unofficial Guide to Managing Rental Property and past president of the National Association of Residential Property Managers
The Landlord’s Survival Guide by best-selling author Jeffrey Taylor, is for real estate investors just like you, who want full-time profits from their rental properties but only want to deal with them part time.
Taylor, also known as Mr. Landlord, shows you a new way of managing properties in this competitive and ever-changing marketplace. Today's renters want things ""their way"" and this guide shows you how to give residents what they want while giving you what you want - maximum profits.
Mr. Landlord’s step-by-step advice removes all the guesswork and gets you on the road to building wealth with rental property. This book shows how to: • Fill vacancies quickly with ideal residents even in a tough rental market
• Identify and avoid “problem” residents and situations Collect on-time payments
• Keep residents beyond the standard one-year lease period
• Double your monthly cashflow and maximize your profits
• Let residents to ""work with you"" to reach your real estate goals faster
Complete with all the action steps to help you implement Mr. Landlord’s money-making management system, The Landlord’s Survival Guide is a must-read for landlording newbies and veterans who want bigger profits.
Book Description
This book is well suited for an audience of sinlges/couples who would like to buy or who already own a home, and wish to offset their current mortgage with subsequent income from rentals. Property managers of small rentals could also find this very helpful.
Download Description
This book is well suited for an audience of sinlges/couples who would like to buy or who already own a home, and wish to offset their current mortgage with subsequent income from rentals. Property managers of small rentals could also find this very helpful.
Customer Reviews:
NOT the best bang for your buck........2004-03-07
I bought this book as a novice in the rental business hoping to find information that would get me started out on the right foot. I WAS QUITE DISAPPOINTED. I will not go as far as to say that this book is worthless; there are some useful tidbits of information that i found helpful, but there are other books out there that are so much better. I strongly suggest LANDLORDING, by Leigh Robinson (Ninth Edition or newer). It's available on amazon, of course.
Good Information For The USA.......2002-11-11
On reading this book no matter how much I tried to focus I found myself wondering whether the content actually related to my own situation in the Uk.
I purchased the book looking for straightforward advice on being a landlord covering aspects such as legal implications, inventory advice etc. However from the information I read on site it was not clear that this was very much a book for those in the USA. Once I started reading it soon became apparent when it spoke of the different laws for different "states", forms with "zip codes" etc. Whilst the general information was useful I felt that I couldn't rely on any document or legal advice as this might not hold for the UK.
A good read but I felt that it should have been highlighted on the site that it was for the USA
I use this book in my Rental Property Management Class.......2001-10-26
As a landlord for over 30 years and teaching classes on the subject in two different schools, this is one book that I have found invaluable as a resource for wannabe and experienced landlords. Don't think you know it all no matter what you read, learn, experience... I'm still picking up tips and hints! Much of my curriculum was already covered in this book but still there was more to use and learning from each other is the way to go! Very happy to see this book on the market and in laymen's terms and with the prominent hints and smiles to make it easy reading.
A-Z Information on how to manage rental property.......2000-10-06
This book is a must read if you plan to manage rental units.
I once was lost, but now am found..........2000-09-26
There was a point in my life that I was lost as to what to do or, more importantly, not to do, but with this book under my belt, I know feel like Super Landlord. It answered all the questions that I had and even some that I didn't. I would not only suggest this book to first-time Landlords, but to those of you who have been around the block for a while.
Book Description
The only book devoted to the most important decision a landlord can make!
Landlords face many challenges, but choosing new tenants has the greatest potential to affect your bottom line. Fortunately, Every Landlord's Guide to Finding Great Tenants can help!
Let this book guide you through the process of attracting, screening and choosing the best renters possible. It covers:
*effective advertising *phone screening *presenting the unit *evaluating applications *examining credit reports *checking references *discrimination basics *making a rental offer *rejecting applicants *and much more
Every Landlord's Guide to Finding Great Tenants provides dozens of forms and checklists for every step, with easy instructions to fill them out.
Plus: The included CD-ROM provides invaluable audio dialogues that show how to conduct interviews and get the information you need without running afoul of the law.
Customer Reviews:
"the best desk reference for any landlord" The Midwest Book Review.......2007-01-19
The following is from a review published in
REVIEWER'S BOOKWATCH
January 2007
...EVERY LANDLORD'S GUIDE TO FINDING GREAT TENANTS [is] designed in a reader friendly format, full of icons, shaded call-out boxes, sample forms, and checklits. Easty-to-read tables outline state-specific laws on returning security deposits and showing notices, to name a few. From apartment makrketing programs, how to show a rental, fielding and screening calls, and chekcing references, no step in the process is left out and all procedures are drilled down to the bottom line.
Ms. Portman brings an expert's perspective on the law, but don't thinkt hat this is a dry read. Engaging text sprinkled with bullet points, graphics, and clever caution points, make this the best desk reference for any landlord. Perfect for the experianced but exasperated landlord [or] the freshly mined, this is a must-have rental resource.
...comes with a hand CD-ROM for on-the-go landlord. The CD has files of all forms featured and discussed in the book, as well as sample landlord-tenant conversations. Nothing has been left of out this complete guide and the format makes it simple to focus on a particular theme, and revisit others on a when-the-time-comes basis.
...This book is a solid ten and highly recommended to building pwners, 1031 Exchange Qualifying Intermediaries, real estate editors and educators, leasing and rental managers, real estate agents and brokers.
Worth getting for the forms on cd-rom.......2006-11-03
I find the forms included with the book on cd-rom to be very useful (they are included as both PDF and RTF files--you can edit the RTF files in any word processor.
However, the book itself is mostly 'duh', and what it does say it repeats. The book could easily have been 100 pages shorter. Almost all of what the book says can be found in more concise form in a good book on landlording (such as Leigh Robinson's book 'Landlording'). Also, the legal issues of finding tenants and not discriminating are better addressed in Nolo's "Every Landlord's Legal Guide".
So while this book is worth getting for the forms, it offers little information in the book itself that is not better said elsewhere.
Book Description
Sooner or later, every landlord is faced with handling an eviction. The California Landlord's Law Book, Vol. 2: Evictions shows you how to proceed every step of the way.
Step by step and in plain English, this book explains the different legal grounds for eviction and provides all the forms and instructions necessary to:
* prepare and serve the tenant with a proper legal notice
* file an unlawful detainer (eviction) lawsuit
* handle a contested case
* deal with eviction-delaying tactics
* collect the money judgment
Completely revised and updated to reflect recent changes in the law, the new 8th edition provides all forms on a CD-ROM.
Customer Reviews:
Goes hand-in-hand with the other Nolo title on Landlord Rights and Responsibilities.......2007-06-18
The California Landlord's Law Book: Evictions is a companion book that goes hand in hand with the Nolo title The California Landlord's Law Book: Rights and Responsibilities. In fact, the opening chapters of the Evictions book repeatedly remind the reader to refer to Rights and Responsibilities, not for the purpose of selling more books, but because landlord/tenant law is best addressed with an overarching title, and if you find yourself in the unfortunate situation of having to evict a tenant, you can pick up the more specialized title on that topic.
I personally purchased the Evictions book when I had a non-paying roommate in my own home who refused to move out. I purchased this book after I had started the eviction process and seen the sheriff way too many times, and I cursed myself for not getting it earlier, because I found out that the law was more on my side that I had thought. Nolo taught me that the sheriff is often misinformed about the process of evicting a roomer (someone in a bedroom in your primary residence) versus that of evicting a tenant in a separate rental property. This book referred me to the relevant sections of the California civil code and penal code for situations with roomers.
The book and accompanying CD have all the California law forms needed for the eviction process, as well as instructions for deciphering the forms, which is a formidable task on one's own. Personally, the most important chapter in the book was the one that guided me though the unlawful detainer trial process. The author described in detail all the facets of a court hearing, the relevant players, the methods for addressing the judge, the order of events, and so on. I went into my trial with confidence because I knew what to expect and I knew how to prepare my case.
This book is well worth the cover price. The most important lesson to remember is that not following the unlawful detainer procedure precisely will lead to delays in resolving the issue (by getting rid of the tenant or getting them current on their rent). This title is one of the only ways, short of hiring legal help, that a lay person can ensure their documentation will be in order and the process will not be delayed any longer than necessary. Every landlord needs to own The California Landlord's Law Book: Rights and Responsibilities, and the moment a tenant is late on rent or troublesome for other reasons, landlords need to buy The California Landlord's Law Book: Evictions.
Book Description
Vacation properties are not just for the elite and wealthy!
If you were a rich man… Stop right there! Just because you’re not rich doesn’t mean you don’t want a second home to get away from life as you know it. Whether you dream of living on the beach with sand between your toes or getting away from civilization in a mountain cabin, you don’t have to be a Rockefeller to enjoy your dream home.
In Profit From Your Vacation Home Dream: The Complete Guide to a Savvy Financial and Emotional Investment, vacation home buying expert Christine Hrib Karpinski shows you how to not only make your vacation home dream a reality, but to get others to pay your mortgage when you’re not enjoying your home away from home. By renting your vacation home using Karpinski’s recipe for successful vacation home ownership, you will soon be on the road to buying, enjoying and profiting from your second, third – and even fourth home.
Karpinski will show you how to: •Evaluate the different types of vacation properties and weigh the advantages and disadvantages of each. •Determine how many weeks you need to rent your home and how much you can charge to break even. •Become a master at managing real estate transactions –from negotiating the purchase price to maintaining the property – from the comfort of your hometown. •Determine if renting-by-owner or working with a property management company is right for you.
Customer Reviews:
Same as previous book, just as weak.......2007-07-31
This book is as weak as the last book. Unfortunately, my wife bought both of her books without reading the reviews. Big mistake...
I read the book and it was basically a re-hash of her old book. It looks like she has quite a marketing arm behind her now though, as she is working for one of the big vacation rental websites now. Go figure. I guess they are making her publish the same junk, but with their spin on it. I also noticed that all of the super positive reviews for this book seem pretty fake and contrived. Watch out!
Perfect for first timers.......2007-07-29
Great read if you are thinking of buying or have just purchased a second home.
-wintergreenrentalsonline
Dream trips.......2007-02-23
Great way to make money and enjoy life. I also enjoyed the book titled, "World Ventures, Wayne Nugent, Mike Azcue, Dan Stammen, Robert Oblon, Wesley Melcher, Marc Accetta."
Mostly the same as her first book - Don't buy both.......2006-08-30
Having read Christine's first book "How to Rent Vacation Properties by Owner," I was pleased to find that she had written another. After reading the Amazon description, the author's bio and the acknowledgements in the front of the book, I was sure that it was a sequel to the first book. Amazon even has a co-marketing deal where you can buy both books.
I was greatly disappointed to find that most of the info in the book - down to the examples and quotes she uses - came straight out of the first book. Many of these were word-for-word. There's a few new ideas, but this really should have been marketed as a 2nd edition of "How to Rent Vacation Properties by Owner" than as her second book.
In fairness to Christine, I have to say that the content of the book is still great. I just wish it wasn't a near replica of the first!
Provides the basics on how such a home can pay for itself when not in use by its owners.......2006-02-07
Owners of a home who dream of owning a second home for vacation purposes might have thought of the possibility as a dream for the rich, but Profit From Your Vacation Home Dream: The Complete Guide To A Savvy Financial And Emotional Investment tells otherwise: it holds the potential of being a wise move on several fronts, and provides the basics on how such a home can pay for itself when not in use by its owners. From how to rent a vacation home to a formula for successful vacation home ownership, this tells how to evaluate properties, weigh pros and cons, determine what's needed to break even on the investment, and even how to work with property management companies.
Book Description
Every California landlord and residential property manager should have The California Landlord's Law Book: Rights & Responsibilities. The definitive guide for California landlord's for over 15 years, it clearly and comprehensively covers everything you need to know about:
*security deposits
*leases and rental agreements
*inspections
*habitability
*liability
*lead paint
*discrimination
*rent control
*satellite dishes
The book provides you with all the forms you need as tear-out and agreements, including rental applications; leases and rental agreements; 3-, 30-, 60- and 90-day notices -- and much more.
The 10th edition includes all new, up-to-date information every landlord needs, including:
*how to provide invoices for security-deposit deductions
*new wrinkles in pre-move out inspections
*heightened penalties for retaliatory acts
*new rules governing landlords' access to rental property
*updated rent-control charts for 15 cities
Download Description
"The most comprehensive -- and easiest to use -- guide to California residential property management available. Every California landlord and residential property manager needs The California Landlord's Law Book: Rights & Responsibilities. The definitive guide for over 15 years, it clearly and comprehensively covers everything you need to know about: security deposits leases and rental agreements inspections habitability liability lead paint discrimination rent control satellite dishes and more
Customer Reviews:
California Landlord's Law Book is a must!.......2006-08-09
I have been a landlord for 12 years. Every few years I purchase a revised version just to be sure that laws haven't changed that I should know about. This book is a must if you have rentals in California. It is very easy to understand, it has all the forms you may need on CD and can be referred to quickly when questions come up. I feel I am a better landlord because of this book. I have also loaned it to my friends when they felt that their landlord had not be treating them fairly. They also found it very helpful. I wouldn't be without it.
Very useful and practical handbook for Landlords.......2006-07-27
I read through the book before renting my place, and it provided me with very useful tips on the legality of various aspects of renting one's place. It also had templates and forms which were very handy, in drawing up a lease, issuing a receipt or generating a checklist. I would recommend this book for any landlord, whether you are renting out one house or multiple.
Great information for first time California Landlord.......2006-02-23
This was the only book I needed to become a landlord in California. With the included forms on CD, I was able to easily create a lease for my tenants and feel confident that I was doing everything legally. I read the relevant sections of the book and will keep it on hand if any rental problems show up. I am very satisfied with the book selection.
Simply the Best. Very Indispensable for Neophytes and Old.......2005-04-08
If you're in the real estate rental business in the state of California you need this book to start out, survive, and thrive in this business. The NOLO books are written by lawyers for lay people.
The "California Landlord's Law Book: Rights and Responsibilities" covers all ground and gives you more than a legal or business understanding of real estate rental (rare but detrimental scenarios and important topics are discussed, such as Discrimination, Self-Help Evictions, Landlord's Liabilities for Dangerous Conditions and Criminal Acts, etc.)
This law book also contains all the forms you will need, both at the end as apendix and on a CD. The book is very thorough and every new edition stays abreast with the latest rental law changes in California. The only downside (unavoidable) is that every so often NOLO publishes a new edition thus somewhat outdaing previous ones.
Eleventh Edition with a Web Site for Updates.......2005-04-01
I don't know if California has more renters than other places or not, but the laws regarding the renting of property in California are far more numerous, strict, and difficult to understand than those from anywhere else.
This book, written by practicing attorneys who also happen to know how to write in plain and simple English, describes the California laws from the standpoint of the landlord. This includes: leases, rental agreements, managers, credit checks, security deposits, discrimination, invasion of privacy, the landlord's duty to maintain the premises, and much more, things you might not think about if you are just thinking about renting the house you're moving out of.
Some interesting chapters include how to deal with those few tenants who will inevitably try to invent bogus reasons why they were legally entitled to withhold rent, another makes sure that you, your managers and any other employees know and follow antidiscrimination laws and, at least as important, make it clear that you are doing so.
This book is now in its 11th edition. Any book that's been around for eleven editions must have something going for it. And one thing is access to a web site that keeps you up to date with any changes in the law since the book came out.
Finally there's a CD-ROM with the book that includes most (quite likely all) the forms you'll need to be in the rental business.
Book Description
Bring in the big bucks.
From choosing a property and the right tenant to financing, maintenance, and how to get the greatest return on a rental investment, this guide is the most comprehensive and up-to-date book for anyone looking to profit from both residential and commercial rental properties. Readers will find all-new sample documents for every stage of the rental process, all-new sections on rental regulations and resources, organized by state, and a new introduction by Jeffrey Taylor, a national expert on rental property and the founder and proprietor of the most popular landlord website in America, mrlandlord.com.
• Lots of new content and a new introduction
• Expert authors who own and operate their own real estate company
• Because of record-low interest rates, rates of property ownership for rental use are high
Customer Reviews:
An absolute must-read & must-have for any would-be landlord.......2004-12-12
Now in an updated and expanded second edition, The Complete Idiot's Guide To Making Money With Rental Properties by the collaborative team of Brian F. Edwards, Casey Edwards, and Susannah Craig-Edwards is a no-nonsense guidebook to all aspects of the business of renting property. Including easy-to-follow advice on basic landlord-tenant rights and responsibilities, how to handle routine maintenance and emergency repairs, completing credit and reference checks on potential tenants, how to deal with difficult tenants and evictions, basic accounting principles, and much more, The Complete Idiot's Guide To Making Money With Rental Properties distinguishes itself with the accessibility of its advice - presenting must-know informations in terms the lay reader can readily grasp. An absolute must-read and must-have for any would-be landlord, and packed cover to cover with useful information even for those with years of experience renting out properties.
Book Description
The inside scoop . . .for when you want more than the official line
So you've decided to invest in real estate—congratulations!—but now you need to know how you can best manage your property and maximize your profit. How much should you spend on renovations? Where will you find responsible tenants? And how can you keep on top of new government regulations?
The Unofficial Guide® to Managing Rental Property answers these questions and many more, giving you insider guidance and valuable tips on managing and profiting from your investments. You'll find savvy advice on everything from legally setting rental criteria and managing properties part-time to successfully evicting delinquent tenants and collecting damages. This comprehensive, easy-to-follow guide reveals what other sources can't or won't, presenting unbiased recommendations to help you get the most out of your investments—and enjoy them!
- Vital Information on finding and financing great rental property and calculating rent and profit.
- Insider Secrets on selecting and retaining good tenants, ensuring on-time rent, and collecting late rent.
- Money-Saving Tips for rehabbing a property and obtaining good tax advice.
- The Latest Trends in writing legal, effective ads and interviewing and screening applicants to avoid potential problems.
- Handy Forms and Letters for contracting new tenants and communicating with current occupants.
Download Description
All the savvy advice and insider guidance needed to maximize ROI
According to the latest data from the U.S. Census Bureau and the U.S. Department of Commerce, 92 percent of the nation’s rental properties are owned by individual investors. These investors oversee billions of dollars worth of real estate every year. Now, The Unofficial Guide to Managing Rental Property will help these investors–most of them first-time landlords with properties of fewer than four units–to manage and profit from their new investments. Featuring sample forms and letters, and packed with valuable tips, this easy-to-follow guide comprehensively covers how to:
- Find and finance great rental property and calculate rent and profit
- Invest in rehabbing a property
- Legally set rental criteria
- Write legal, effective ads; interview and screen applicants to ensure responsible tenants
- Find good tax advice and keep on top of new government regulations
- Successfully evict delinquent tenants, collect damages, and keep the property intact
Melissa Prandi, MPM (San Rafael, CA), has been managing residential rental properties for over 22 years. She is the owner of Prandi Property Management, Inc. She is a past national president for the National Association of Residential Property Managers. Prandi has written and conducts several workshops specifically for property managers and is often called upon to be one of the featured instructors at the annual National Convention of NARPM, as well as a key advisor for the organization’s leadership-training symposium.
Customer Reviews:
Some uncommon common sense.......2007-08-21
This book is written succinctly about property management. There is no lull or fluff. As a real estate investor and developer, I've got notes all over the book as Melissa Prandi makes the uncommon common as there is a LOT involved with proper management. Managing rental property is not as easy as it sounds and the author sheds light and ideas all throughout.
Buy this book as the smallest management correction may be your biggest savings. It was for me in having roommates fill out applications (big headache and dorm room prior).
Must Read For New Landlords.......2007-07-30
There are tons of landlord books, but many of them are boring to read or leave out important advice that new landlords need to know about. Melissa's book is easy to read and full of great ideas. My copy is bursting at the seams with sticky notes for things I need to do.
Going Back to Bacis and Then Some.......2006-10-30
This book brings you back to the basics and then gives you tips GALORE. You can tell this book was written from first hand day to day experiences of being in the business daily. Her tips are great and I found quite useful. I think this book is a good one to keep nearby so when you forget the professional tips you can bring out the book to refresh your memory. I think this book is great for property managers and investors new and seasoned.
I found this book easy to follow and great to refer to for all aspects in the business. You can read it and be familiar prior to purchasing property too.
Easy to read book for new investors.......2005-10-25
This book covers the basics with a few novel ideas. Many of the ideas are common sense. A property manager would do well if he/she followed the ideas in this book. I recommend this book for a first time buyer of income property. The book does have some information on the long-term strategic management of a portfolio of properties. Both new and experienced investors sometime lack that type of thinking.
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Books Index
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Every Landlord's Legal Guide (Book w/ CD-Rom)
