Skip to main content
Displaying 1 of 1
Every landlord's guide to managing property : best practices, from move-in to move-out
Where is it?
Large Cover Image
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 (fewer than four units) rental property, Every Landlord's Guide to Managing Property covers everyday skills a hands-on landlord needs, including how to:

retain good, long-term tenants handle nitty-gritty maintenance such as snow removal, toilet clogs, and painting avoid conflicts over late rent, unauthorized roommates, and move-out procedures limit costly tenant turnover and vacancies manage condos and deal with association restrictions track income and expenses and prepare for tax time hire and work with repairpersons, lawyers, and other contractors, and balance landlording with a day job or other pursuits.

The third edition is completely updated to cover the latest issues affecting small-scale landlords, including updates to tax laws, new tools (online and offline) for managing rentals, and advice on incorporating rental properties into a FIRE or side hustle strategy.

Table of Contents
Part-Time Residential Landlords: The Superheroes of Rental Housingp. 1
Filling a Gap in the Landlord Literaturep. 3
The Long-Term Landlordp. 4
How Skills You Currently Have (or Can Easily Acquire) Will Contribute to Your Successp. 6
Why I Like Being a Landlordp. 10
What You Won't Find in This Bookp. 15
1What's Your Competitive Edge?p. 21
Get to Know Your Market and Where Your Rental Fits Within Itp. 23
Differentiate Your Units From the Competitionp. 24
Offer Lower-Priced Units by Focusing on Keeping Long-Term Tenantsp. 27
Make Strategic Decisions About Your Own Approach to Renting Propertyp. 28
Consider Whether an LLC Is Right for Youp. 32
What's Next?p. 34
2Selecting Rental Propertiesp. 35
Location, Location, Locationp. 37
What Type of Rental Property Is Best for You?p. 41
Single-Family Housep. 42
Duplex, Triplex, and Fourplexp. 44
Condominiump. 47
Accessory Apartment (or In-Law)p. 52
The Rental Market and Your Target Tenantp. 53
Choosing the Right Property: Don't Leave It to Chancep. 56
How to Make Sure the Rental Property Pencils Outp. 58
Finding Out All You Can About a Prospective Propertyp. 65
Arranging a Professional Inspectionp. 71
Making an Informed Decision When Choosing a Rental Propertyp. 74
Guidelines for Buying an Occupied Unitp. 75
What's Next?p. 78
3Discovering Your Inner Handyperson: Tips and Tricksp. 79
Your Basic Skills, Toolkit, and Suppliesp. 81
Washing Painted Wallsp. 87
Refinishing Wooden Cabinetsp. 88
Paintingp. 90
Using a Drillp. 96
Caulkingp. 97
Dealing With Drainsp. 99
Toilet Troubleshootingp. 99
Dealing With Moisture and Moldp. 105
Ways to Boost Your Repair and Maintenance IQ and Effectivenessp. 107
What's Next?p. 110
4Preparing Your Rental Unit for Tenantsp. 111
Understanding Fair Rental Condition for Your Marketp. 113
To Furnish or Not to Furnishp. 115
Preparing for New Tenantsp. 116
Establishing a Cleaning and Repair Routinep. 117
Walls and Ceilingsp. 119
Floors and Floor Coveringsp. 120
Pet, Tobacco, and Other Odorsp. 124
Kitchen and Appliancesp. 126
Bathroomsp. 133
Light Fixtures and Outletsp. 133
Doors and Windowsp. 133
Closetsp. 134
Smoke Detectors, Fife Extinguishers, and Carbon Monoxide Detectorsp. 135
Perimeter and Outsidep. 135
Marshalling Your Materials and Suppliesp. 138
The Minor Remodel: Doing It on the Cheapp. 141
Handing Off the Turnaround Work: Hiring Helpp. 142
What's Next?p. 143
5The Art of Rental Maintenancep. 145
Maintenance-It's About Tenant Satisfaction, Too!p. 146
Learning What Level of Maintenance and Repairs the Law Requiresp. 147
Developing a Maintenance Mentalityp. 149
Do-It-Yourself Maintenance Helps You Keep an Eye on the Propertyp. 149
Establishing the Maintenance Habitp. 153
Common Maintenance Cues: A Seasonal Routinep. 156
Create a Maintenance Record and Update It Regularlyp. 167
What's Nextp. 168
6Working With Service Contractorsp. 169
Who's a Contractor?p. 172
When It Makes Sense to Hire Contractorsp. 172
Choosing Contractorsp. 185
Hiring a Handypersonp. 190
Making Sure the Worker Is an Independent Contractor (Not an Employee)p. 191
Getting Bids and Estimates From Contractorsp. 196
Signing a Contractp. 202
Your Role While the Work Is Being Donep. 203
Keep the Big Picture in Mindp. 208
What's Next?p. 208
7Getting Great Tenantsp. 209
Developing a Tenant Screening and Selection Planp. 212
Complying With Antidiscrimination Lawsp. 213
Managing First Impressionsp. 215
Crafting Your Advertisement or Postingp. 216
Sample Rental Adp. 220
Should Your Ad Include Exact Street Address and Photos?p. 225
Making Initial Contact With Prospective Tenantsp. 226
Emailing Rental Applications to Interested Partiesp. 231
Final Steps in Preparing Your Rental for Showing to Prospectsp. 232
Setting Up and Staggering Your Showingsp. 236
Closing the Door on Traditional Open Housesp. 240
Your "Sales Pitch" During Showingsp. 242
When to Start Screening Prospective Tenantsp. 246
Developing Your Screening Criteria and Proceduresp. 247
Great Screening Begins With a Thorough Rental Applicationp. 249
Top Criteria for Choosing Good Tenantsp. 250
Screening for Petsp. 259
Pros and Cons of Credit Checksp. 260
Guidelines for Evaluating Rental Applications and Credit Reportsp. 262
Choosing a Tenantp. 265
Rejecting Applicantsp. 266
What's Next?p. 268
8Starting the Tenancy Right: Lease Terms and Onboarding Processp. 269
Key Terms to Include in Your Lease or Rental Agreementp. 270
Where to Find Lease and Rental Agreement Formsp. 287
Signing the Lease or Rental Agreementp. 288
Making Cosigner Situations Workp. 290
Tenant Onboarding Processp. 293
Creating Tenant Filesp. 306
What's Next?p. 306
9Effective Landlord Communicationsp. 307
Best Practices for Landlord Communicationsp. 310
Handling Common Tenant Communicationsp. 323
Communicating About Delays in Rent Paymentp. 328
Mare Strategies for Serious Late-Rent Situationsp. 334
Communicating About Unauthorized Occupantsp. 338
Responding to Requests to Add a Roommatep. 346
Communicating With Tenants Who Break the Leasep. 349
Communicating With Tenants About Other Common Issuesp. 357
Communicating About Tenants' Petsp. 361
Handling Conflicts Large and Smallp. 363
Formal Conflict Resolution for the Landlordp. 368
Who Should Handle Evictions: You, or an Attorney?p. 369
What's Next?p. 370
10Moving Tenants Outp. 371
How a Tenancy Endsp. 372
Four Major Move-Out Pitfalls to Avoidp. 373
Preparing a Move-Out Letterp. 374
Reviewing Your Security Deposit Return Rulesp. 378
Green Tips for Moving Out With Minimal Waste ..p. 381
The Landlord Cycle: Preparing for the Next Move-Inp. 385
What's Next?p. 386
11Understanding and Using Professional Servicesp. 387
Legal Help for the Small-Time Landlordp. 388
Tax Help for the Small-Time Landlordp. 398
Insurance Professionals and Coverage for Your Rental Propertyp. 406
Other Helpful Professionalsp. 412
Property Managersp. 413
How Professionals Can Help With Your Exit Strategyp. 416
What's Next?p. 418
12Tracking Landlord Income and Expenses for Tax Timep. 419
Where You'll Report Income and Deductions: Schedule Ep. 420
Looking at Schedule Ep. 423
Don't Sweat a Tax Loss (Especially in Your Early Years)p. 433
Keeping Records of Your Income and Expensesp. 434
What's Next?p. 438
Indexp. 439
Librarian's View
Displaying 1 of 1