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Renting Out Your Property For Dummies, 3rd UK Edition

Renting Out Your Property For Dummies, 3rd UK Edition

Melanie Bien, Robert S. Griswold

ISBN: 978-1-119-97640-0

Dec 2011

400 pages

Select type: Paperback

Product not available for purchase

Description

Everything potential landlords need to know about the UK rental market

Renting Out Your Property For Dummies is the essential roadmap to successful property letting. This easy-to-read guide walks readers through every step of renting out their property - showing how to avoid legal problems, find and keep the best tenants, maintain the property and maximise their rental income. As well as lots of helpful advice, it contains a wealth of sample forms and standard letters that can be used when dealing with their own tenants. Crucially, it is fully up to date on all the latest legislation including the Tenancy Deposit Scheme and Energy Performance Certificates (EPCs).

Renting Out Your Property For Dummies covers:

  • How to prepare a rental property for prospective tenants
  • Tackling rent, deposits and tenancy agreements
  • Deciding whether to manage the property yourself or to hire an agent
  • Essential information on financial management and record-keeping
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

Forms 1-24
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