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The 101 on earning rental income from a single-family homeDo 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 it may mean you’re about to be 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 5th edition is updated to cover major legal changes, in particular how the Tax Cuts and Jobs Act created pass-through deductions that can benefit landlords. Includes sample forms and budget worksheets.
Reduce your risk and rent without worry! Being a landlord can be tricky in this volatile housing market. But with Every Landlord’s Property Protection Guide you can identify common risky situations and get specific, practical advice for dealing with them! Instead of an encyclopedic manual of how to be a landlord, author and attorney Ron Leshnower zeroes in on specific problems faced by thousands of landlords and property managers in every state – ranging from accessibility issues to mold – and shows you how to avoid them. The book includes step-by-step procedures to help landlords and managers: Get the right insurance for your property Lower the risk of crime Understand fair housing rules Stay on good terms with Uncle Sam Remove environmental hazards Become a careful, consistent steward of your property Plus, each chapter features real life ""It Won't Happen To You"" stories of those who learned the hard way what can happen when you don’t take care of problems before they arise.
Laws that apply to all landlords -- Legal research -- Selecting a tenant -- Types of tenancies -- The lease -- Security deposits -- Repairs -- Security devices -- Smoke detectors -- Utility cutoffs -- Retaliation -- Collecting unpaid rent -- Manufactured housing -- Commercial leases -- Commercial landlord's liens -- Terminating leases -- Evictions -- Recovering possession -- Other liabilities -- Hiring an attorney -- Conclusion.
The landlord's essential guide to residential rental law Landlord's Legal Kit For Dummies is a comprehensive guide to the laws and legalities of renting property. This one-stop legal reference provides both guidance and the correct forms that help landlords avoid tenant issues, which could lead to legal ramifications. From screening potential tenants to handling your own insurance and taxes, you'll find expert insight in this easy-to-read style that simplifies complex legal matters into understandable terms. The book includes access to all the needed legal forms in both English and Spanish, and contains current information about applicable codes, ordinances, and policies across the country. Landlords have a responsibility to provide a safe, fully operational home for their tenants, and oversights can result in major court settlements. As a landlord, you need to know what the law requires of you. You also need to understand your rights, and the actions available to you when the tenant is in the wrong. This resource brings you up to speed, with the most current information about residential rental property law. The book covers privacy rights, domicile laws, paperwork, and more. Features up-to-date lease forms and contracts available for download online Provides information about applicant screening questionnaires and anti-discrimination policies Includes state and local building codes, health ordinances, and landlord-tenant laws Instructs you how to handle breach of lease situations and evictions There's even guidance on hiring a lawyer to protect your assets, property, and rights. Ignorance of the law is no excuse in court, and it frequently leads to misunderstandings that can hurt your wallet and your reputation. Before you lease another property, get all your ducks in a row with the essential instruction and tools in Landlord's Legal Kit For Dummies.
Answers legal questions of concern to tenants and explains how to deal with a landlord who is acting unfairly
The Landlord’s Guide to Minnesota Law addresses every landlord-tenant legal issue that is likely to arise over the course of a lease. From how to find a tenant to what to do once they leave, it is a practical and thorough legal analysis of what Minnesota landlords need to know about complying with the relevant federal, state and local laws. At the end of each chapter you’ll find “Tips from a Tenant Attorney.” These tips offer more creative advice on how landlords can solve difficult legal situations or prevent them from ever occurring. Also included is our exclusive line-by-line analysis of the Minnesota State Bar Association’s Model Residential Lease. Instead of guessing what your lease terms mean, this guide tells you why each term exists and how it applies to your situation. This book was written by practicing attorneys in Minnesota who work exclusively in landlord-tenant law. There are dozens of legal guides available online for landlords, but none of them focus on Minnesota statutes and regulations, and when it comes to landlord-tenant legal issues, state law is key. Both authors are currently practicing attorneys with over 25 years of experience in tenant landlord law, advising over 39,000 renters on HOME Line’s tenant hotline. They also train a wide variety of audiences in tenant landlord law, including over 100 trainings to landlord groups throughout Minnesota.
More states than ever before are passing laws—such as rent control and eviction prevention laws—to protect tenants. This book helps renters navigate and use these new protections (along with the old ones) to their advantage, and offers timely advice on how tenants can handle common rental-related problems without assistance from a lawyer.
Every Landlord's Legal Guide makes landlords’ jobs easier by putting everything they need to legally and successfully run their business in one package. Every Landlord's Legal Guide details all the steps, procedures, laws, and tips landlords should consider from the time they start looking for tenants to the time the tenants move out. There’s no need to reinvent the wheel or take a chance with iffy stationery store forms: this book includes updated, downloadable, and customizable versions of all the forms landlords need, along with directions on how to customize and use them. It’s the complete how-to guide for landlords, all for the price of less than 30 minutes of a typical lawyer’s time.
The legal forms and state rules every landlord and property manager needs To keep up with the law and make money as a residential landlord, you need a guide you can trust: Every Landlord's Legal Guide. From move-in to move-out, here's help with legal, financial, and day-to-day issues. You'll avoid hassles and headaches―not to mention legal fees and lawsuits. Use this top-selling book to: screen and choose tenants prepare leases and rental agreements avoid discrimination, invasion of privacy, personal injury, and other lawsuits hire a property manager keep up with repairs and maintenance make security deposit deductions handle broken leases learn how to terminate a tenancy for nonpayment of rent or other lease violations restrict tenants from renting their place on Airbnb, and deal with bed bugs, mold, and lead hazards. The 17th edition is completely revised to provide your state's current laws, covering deposits, rent, entry, termination, late rent notices, and more. With Downloadable Forms: Includes access to more than 30 essential legal forms, including a lease and rental agreement, rental application, notice of entry, tenant repair request, security deposit itemization, property manager agreement, and more.