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Renting Out Your Property For Dummies


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Table of Contents

Introduction 1 Part I: So You Want to Be a Landlord? 7 Chapter 1: Do You Have What It Takes to Manage a Buy-to-Let Property? 9 Chapter 2: Deciding Whether to Manage Your Property Yourself or to Hire an Agent 15 Chapter 3: Becoming an Accidental Landlord 27 Part II: Renting Your Property 35 Chapter 4: Finding the Perfect Rental Property 37 Chapter 5: Preparing Your Rental Property for Prospective Tenants 45 Chapter 6: Rent, Deposits and Tenancy Agreements: The Big Three of Property Management 61 Chapter 7: Generating Interest in Your Rental Property 73 Chapter 8: Handling Prospective Tenants and Showing the Property 95 Chapter 9: Eenie, Meenie, Miney, Mo: Selecting Your Tenants 127 Part III: The Brass Tacks of Managing Rentals 147 Chapter 10: Moving in the Tenant 149 Chapter 11: Collecting and Increasing Rent 167 Chapter 12: Keeping Good Tenants ? and Your Sanity 181 Chapter 13: Dealing with Problem Tenants 187 Chapter 14: Moving Out Tenants 199 Part IV: Techniques and Tools for Managing 209 Chapter 15: Maintenance 211 Chapter 16: Safety, Security and Insurance 221 Part V: Money, Money, Money! 237 Chapter 17: Raising the Cash to Buy Your Rental Property 239 Chapter 18: Avoiding Property Taxes 251 Chapter 19: Using a Company To Hold Your Property 261 Chapter 20: Financial Management and Recordkeeping 267 Part VI: Only for the Daring 275 Chapter 21: Government Programmes 277 Chapter 22: Working in Niche Markets: Students, Pets, HMOs and Smokers 283 Part VII: The Part of Tens 291 Chapter 23: Ten Reasons to Become a Rental Property Owner 293 Chapter 24: Ten Ways to Get and Keep Full Occupancy in Your Property 297 Chapter 25: Ten Ways to Increase Cash Flow 303 Part VIII: Appendices 309 Appendix A: Resources 311 Appendix B: Forms, Templates and Standard Letters 315 Index 361

About the Author

Melanie Bien has written about property for national newspapers and magazines and spent five years as Personal Finance Editor at the Independent on Sunday . She is the author of Renting Out Your Property For Dummies , Buying a Home on a Budget For Dummies and Sorting Out Your Finances For Dummies . Robert Griswold lectures at the Institute for Real Estate Management.


'This book is ideal for someone considering becoming a landlord and who has never let a property.' (Landlord Focus, March 2013)

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