Every Landlord's Guide to Managing Property: Best Practices from Move-In to Move-Out

About this book

The ultimate property management guide for the do-it-yourself landlord! Written for the millions of landlords who own a single-family home condo or small (less than four unit) rental property Every Landlords Guide to Managing Property covers everyday skills a hands-on landlord needs including how to: retain good long-term tenants with regular communication handle nitty-gritty maintenancefrom snow removal to toilet clogs to painting avoid conflicts over late rent unauthorized roommates and clutter limit costly tenant turnovers and vacancies manage condos and deal with association restrictions track income and expenses and do your own taxes hire and work with contractors lawyers and others and balance landlording with a day job or other pursuits. The second edition is completely updated to cover the latest legal and business issues affecting landlords including the pros and cons of incorporating as an LLC how to estimate reserves with a capital expenditures (CAP EX) schedule and guidelines for buying an occupied rental property.