The CompleteLandlord.com Ultimate Landlord Handbook

by Lederer, William A.

• ISBN13: 9780470323151
• ISBN10: 0470323159
• Edition: 1st
• Format: Paperback
• Copyright: 2009-01-27
• Publisher: Wiley

Summary

This book covers the entire cycle of becoming a successful landlord. Written in an accessible format by the entire team of completelandlord.com, this book provides valuable information for landlords from a staff of real estate experts. Readers will find essential information on: What a new landlord can expect How to determine which is the best property to invest in How to keep accurate records, rental agreements and leases How to deal with tenants How to screen tenants How to market your property to tenants How to manage the day-to-day responsibilities of a landlord

Author Biography

William A. Lederer is Publisher and President of CompleteLandlord.com, the leading Web site written for and by landlords. This proven, one-stop portal offers comprehensive content, commerce, an online landlord community, and on-demand solutions that include customizable forms and letters, as well as tools for tenant screening, vacancy marketing and tenant communications, electronic rent collection, and Web-based property management. An expert in virtually every aspect of landlording, Lederer and his wife have been tenants, investors, and landlords for many years in different economic cycles and regions of the United States.

Table of Contents

Acknowledgments

List of Icons

Introduction

What Are You Getting Yourself Into?

Residential Real Estate as the Ultimate Storehouse of Value(s)

Why Investing in Residential Rental Property Will Get You Where You Want to Go Faster at Less Risk

The Pros and Cons of Landlording: Do You Have What It Takes?

Think Like a Real Estate Mogul: Build a Winning Strategy, Plan and Build the Team to Match

Investing In Residential Property For Income

Which Rental Properties Are Right for You?

Property and Investment Analysis

Sourcing Investment Rental Property: Searching for Bargains and Adding Value

When Should You Sell? Trick Question! Hardly Ever

Property Management And Your Landlording Responsibilities

Legal and Financial Considerations

Maximizing Cash Flow

Tax Planning for Landlords

Insuring Your Rental Property

Plan The Work, Work The Plan

Beyond Record Keeping: Choose the Right Systems, Metrics, and Policies

Handling Maintenance, Repair, and Construction

Residents

Taking Over and Finding and Showing Tenants Property

Screening and Choosing the Best Tenants

Rental Agreements, Leases, and Other Forms

Rent: Pricing, Collecting, and Tracking

Communicating with Your Tenants

How to Keep Good Tenants . . . and Cope with Bad Ones

Where To From Here? Next Steps

Should You Do It Yourself or Hire a Property Management Company?

Continuing Your Landlording Education

Appendixes

Summary of Icon Information in Appendix

Tour of the CompleteLandlord Site with Free Trial Membership Offer

Essential CompleteLandlord Worksheets, Checklists, and Other Forms

Associations and Other Resources

Managing Risk and Limiting Personal Liability as a Landlord

Questions Frequently Asked by Landlords

Questions Frequently Asked by Tenants

Glossary of Landlord Terms

Index

Table of Contents provided by Publisher. All Rights Reserved.