The Accidental Landlord

Download or read book The Accidental Landlord written by Danielle Babb and published by Penguin. This book was released on 2008-10 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Don't feel like selling your house for less than you paid for it? Need to move but can't because you're unable to find a buyer for your home? Join one of the fastest-growing groups this side of the real estate bubble-the accidental landlord. The low interest rates and double-digit appreciation in the housing market a few years ago have given way to declining home prices, higher rates, more foreclosures, and higher credit standards. Homeowners who need to relocate or want to move are finding it impossible to do so without taking a loss. Many are considering renting their homes until the market rebounds, and this book is for them. The Accidental Landlordhelps readers determine if renting is a viable option, and if it is, how to go about the process of being a landlord until it makes sense to sell. In it, readers will learn how to- Determine if it makes financial sense to rent Assess whether or not they have what it takes to be a landlord Decide between the various rental options available Explore different types of rental agreements and decide which is best Prepare the home to be rented Decide if it makes sense to work with a property management company Identify potential renters and market the property Evaluate prospective tenants Collect rent, pay taxes, and change insurance coverage Manage the property and tenants Deal with problems that surface Decide when it's time to sell