"This book is for do-it-yourself landlords who own a single-family home, condo, or small (less than four unit) rental property. This book discusses how to: retain good, long-term tenants with regular communication; handle nitty-gritty maintenance-from 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. This edition is 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"-- Provided by publisher.
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