Audience: Real estate owners seeking to rent out a single-family home, perhaps after becoming "accidental landlords." They might have inherited the house, moved into another property with a partner or spouse, or have moved to a bigger home while keeping the old one as an investment property. Also for buyers of single-family homes who hope to step into the world of real estate investing. What is new in this edition: Contains a compact combo of legal, practical, financial, tax, and business advice, plus stories and tips from actual landlords. Includes key sample forms that every new landlord needs: a rental application, landlord checklist, notice of intent to enter rental unit, and monthly income/expense worksheet. Will address recent trends in state landlord-tenant laws and issues caused by low real-estate inventory. Award winner and customer favorite! Received a Silver Robert Bruss Real Estate Book Award recognizing excellence in published real estate works. Most rental properties (about seven in ten) are owned by individuals, who typically own one or two properties.

[Source: 2018 census data, cited in https://www.pewresearch.org/short-reads/2021/08/02/as-national-eviction-ban-expires-a-look-at-who-rents-and-who-owns-in-the-u-s/ ] Mom-and-pop landlords oversee around 20.5 million rental properties in the United States. [Source: JP Morgan Chase, https://www.jpmorganchase.com/institute/research/household-debt/how-did-landlords-fare-during-covid ].