First Time Landlord: Your Guide to Renting out a Single Family Home PDF


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First Time Landlord: Your Guide to Renting out a Single Family Home PDF. He explains how to make money from a single-family home by renting it out. Do you own a home that you’d rather rent out than sell? In today’s market, it’s a familiar scenario, especially if you’ve inherited a home, are relocating, or are purchasing an investment property.

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It could also indicate that you’re about to become a landlord for the first time. To ease into your new career and create big earnings while avoiding costly blunders, follow the recommendations in this book.

  • 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.

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The 5th edition has been revised to reflect key legal changes, including how the Tax Cuts and Jobs Act creates pass-through deductions that landlords can profit from. Sample forms and budget worksheets are included. Portman, Bray, and Stewart write for persons who want to rent out a single-family home or condominium and handle most of the labor themselves.

They claim that people are becoming landlords more frequently and inadvertently and must fit this task around their existing work and family duties. Preparing and promoting a rental property, managing rental income to maximize tax deductions, maintaining things in tip-top shape:

  • Repairs and maintenance.
  • Exiting the rental property business.

Renting out a room in your house are just a few of the topics they cover.

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First Time Landlord Tips Release Date

Book Name:First Time Landlord: Your Guide to Renting out a Single Family Home PDF
Publisher:NOLO; Fifth edition?
Publishing Date(October 13, 2020)
Language :English
File Size: / Pages336

About Author: Renting a Property for the First Time

Janet Portman, an attorney and executive editor at Nolo, specializes in landlord/tenant law for both residential and commercial properties. Every Landlord’s Legal Guide, Every Tenant’s Legal Guide, Renters’ Rights, Leases & Rental Agreements, The California Landlord’s Law Book: Rights and Responsibilities, and others are among her works.

Ilona Bray works at Nolo as an author and legal editor, focusing on real estate, immigration law, and nonprofit fundraising. She co-authored several best-selling publications, including Becoming a US Citizen, U.S. Immigration Made Easy, Nolo’s Essential Guide to Buying Your First Home, and others.

Marcia Stewart covers landlord-tenant law, real estate, and other consumer concerns for Nolo. She is a co-author of Nolo’s Essential Guide to Buying Your First Home, Every Landlord’s Legal Guide, and Rental Property Management.

Conclusion: Renting Out a House for the First Time

Because single themes are discussed in different areas of the book, I’m having to spend a lot of time switching back and forth. I had anticipated a more detailed step-by-step tutorial from the book, but it appears that this was not the author’s intention.

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