In today's market, many property owners find themselves first-time landlords for a variety of reasons. Some homeowners turn to renting when they can't sell a house. Empty nesters may consider making... This description may be from another edition of this product.
This book is perfect for the new landlord who knows little about owning property. The authors explain relations with the local government and tenants. The book advises landlords never to shut down utilities, throw out tenant belongings, change locks without notice, throw out pets or intimidate. Owners are encouraged to respect tenant property and privacy. There is an extensive section on dealing with repair people and researching mechanics liens. Managers are urged to examine the profit/loss statements carefully-taking into consideration all relevant costs. The acquisition is a perfect primer on the mechanics of landlord/tenant relations. The author lists the Institute of Real Estate Management and various organizations which assist landlords in screening tenants. i.e. tsi.com
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