This practical new guidebook for residential landlords covers virtually every topic a novice or experienced property owner needs to know. The only gross deficiency I could find was the book not naming a computer software program that the authors recommend. Although they mention the Internet and name a few excellent Web sites, the authors neglect to tell us which software program they use to manage their rental properties. The book initially mentions the advantages of investing in residential rentals for long-term profits, but it doesn t dwell on how to spot and buy a profitable rental property. Instead, the focus is on managing rental property, whether it s large or small.
Emphasis is on tenant management and complying with the many often-complicated legal requirements.
The practical advice, especially when it comes to handling tenant evictions for nonpayment of rent and other reasons, is excellent. The authors counsel that eviction should be a last resort, but they don t shy away from emphasizing the details and how to avoid problems. They even suggest that paying a troublesome tenant to move out can be cheaper than a court eviction. One of the best chapters deals with fair housing and avoiding illegal discrimination. Emphasis is on complying with federal and state anti-discrimination statutes.