Synopsis
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 landlording game. The "Landlord's Troubleshooter" is a clear, engaging guide that covers all the bases. It pays to start with the right property by analyzing the rental market. Then, active landlords learn proven techniques to: find tenants who will pay on time; avoid disputes using the sample forms and suggested language for every challenging situation; deal with repairs, tenant problems, eviction, and security deposits; understand liability, legal issues, and recent law changes; and cash out at the opportune moment to optimize the investment. The "Landlord's Troubleshooter" offers savvy advice for the hands-on investor.
This do-it-yourself landlording primer addresses what to do to avoid mistakes when renting properties, and outlines the best practices of the most successful landlords.
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