| Description |
1 online resource (451 p.) |
| Contents |
Intro -- Title Page -- Copyright Page -- Table of Contents -- Introduction -- About This Book -- Foolish Assumptions -- Icons Used in This Book -- Beyond the Book -- Where to Go from Here -- Part 1 Getting Started with Landlording Fundamentals -- Chapter 1 The Legal Fundamentals of Managing Residential Rentals -- Running Your Operation as a Corporation or LLC -- Taking Ownership of a Rental Property -- Avoiding the Legal Pitfalls of Managing Residential Rental Properties -- Obeying fair-housing laws -- Setting rents and payment policies -- Screening applicants |
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Drafting a lease or rental agreement -- Managing security deposits -- Moving tenants in and out -- Fulfilling your maintenance and safety obligations -- Dealing with co-tenants, sublets, and assignments -- Terminating rental contracts -- Chapter 2 Protecting Your Legal Assets -- Forming Your Business -- Choosing a legal structure -- Exploring ways to incorporate -- Knowing the Law or Consulting Someone Who Does -- Conducting your own legal research -- Turning to an attorney -- Preparing for and Paying Taxes -- Making sense of income taxes -- Grasping (and appealing) property taxes |
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Chapter 3 Taking Possession of a Rental Property -- Knowing What to Get Up-Front -- A comprehensive list of the personal property included in the sale -- A copy of the entire file for each current tenant -- A seller-verified rent roll and list of all security deposits -- A copy of all required governmental licenses and permits -- A copy of all the latest utility bills -- A copy of every service agreement or contract -- A copy of the seller's current insurance policy and loss history -- Insuring Your New Property -- Understanding the different types of insurance coverage |
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Finding the right insurance company -- Determining the right deductible -- Talking with Tenants about Renter's Insurance -- Handling Potential Claims -- Working with the Current Tenants During the Transition -- Meeting the tenants in person -- Inspecting the property -- Inspecting the rental unit -- Using a new lease or rental agreement -- Evaluating the current rent -- Chapter 4 Hiring a Property Manager -- Your Property Management Options -- Using a property management firm -- Hiring an individual -- Doing it yourself -- Hiring a Professional Property Management Firm |
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Finding the right company for you -- Knowing what to ask a prospective management company -- Compensating your property manager -- Sidestepping pitfalls -- Being aware of the tax consequences -- Going with an Individual to Manage Your Property -- Screening candidates -- Signing an employment agreement -- Compensating your property manager -- Complying with employment laws and accounting requirements -- Understanding independent contractor versus employee status -- Firing and evicting an employee -- Notifying Tenants of a Change in Management -- Part 2 Advertising and Taking on New Tenants Legally |
| Notes |
Description based upon print version of record |
|
Chapter 5 Getting Current about Fair Housing |
| Form |
Electronic book
|
| Author |
Harmon, Laurence C
|
| ISBN |
9781119896364 |
|
1119896363 |
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