Audience: "Accidental landlords" or others seeking to rent out a single-family home for the first time. They might have inherited the house, moved in with a partner or spouse, or have moved to a bigger home while keeping the old one as an investment property. Also useful for first-time landlords buying single-family homes in order 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. * This edition will discuss the rise of tenant screening services and advise on best practices for using them in a non-discriminatory manner. Will also help readers weigh whether to continue to be a landlord vs. selling the home in a rough market (neither a sellers' nor a buyers' market).

Will also offer an expanded discussion of adequately budgeting for emergencies and insuring the property in the face of increasing natural disasters (plus inflation). Will add a mention of the need to pay close attention to newly adopted licensing rules in state and/or city. * Award winner and customer favorite! Received a Silver Robert Bruss Real Estate Book Award recognizing excellence in published real estate works.