The Landlord's Troubleshooter: A Survival Guide for New Landlords

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Author: Robert Irwin

ISBN-10: 0793186013

ISBN-13: 9780793186013

Category: Real Estate Management

Rental properties make up nearly 40 percent of the housing market, with investors increasingly interested in hands-on landlording.\ Becoming a landlord is not for the faint of heart! As tens of thousands of new investors join the ranks of landlords each year, they need a mentor willing to show them the ropes. In this third edition, experienced investor and landlord Bob Irwin takes newbie landlords step-by-step through the process, explaining what no one ever bothers to mention about the...

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What's the only acceptable answer a tenant can give for late rent? "Sorry I'm late. Here's the rent in cash." Drawing on many years of experience in the real estate industry, Irwin offers such tips, stories, and solutions to common problems facing rental property investors. He discusses how to identify good and bad rental property and tenants, and the legal aspects of renting including record-keeping, safety issues, and the Fair Housing Act. Annotation ©2004 Book News, Inc., Portland, OR

PrefacevPart 1Making Money on Rentals1Are You Ready to Be a Landlord?32Identifying Good Rental Property113Getting More Money from Your Rentals214When and How to Sell a Bad Rental265The Good and Bad of Property Managers326Converting Your Existing Home to a Rental407Buying an Existing Rental468Clean Up to Rent Up54Part 2Finding and Keeping Good Tenants9How to Find Good Tenants6510Screening Potential Tenants7811Coming Up with a Good Rental Application8812Disclosures10013Handling the Deposits11314Rental Agreements That Work12715Moving Tenants In: The Walk-Through13716Moving Tenants Out: Returning Deposits15117Keeping Good Tenants163Part 3Removing Tenants18Dealing with Tenant Damage17319When Tenants Are Late with the Rent18420When Tenants Refuse to Pay or Leave19321Evicting Tenants20022When a Tenant Abandons the Property210Part 4Rules and Regulations23Making Repairs21724Safety Issues in the Rental22325Avoiding Problems with Antidiscrimination Laws23326Insurance and Liability24127Keeping Records250AppendixLandlord's Forms255Index289