On the surface, being a landlord may look like an easy, straightforward way to earn money. However, new rental property owners quickly learn that the landlord’s role involves many complexities. Apart from maintaining the property and vetting prospective tenants, landlords must collect late rent, handle tenant complaints, and organize records. For all these common quandaries, experienced landlord Lance Izar Echolm offers help in his book, First-Time Landlord’s Guide: 11 Strategies to Efficiently Manage Properties, Select Stellar Tenants, and Be Profitable with Rentals. This hands-on instructional work covers many aspects of being a landlord and helps new rental property owners avoid common mistakes.
After describing the traits that make for a successful landlord, Echolm covers attracting great tenants, creating welcome packages, and taking over a property with existing renters. He also delves into rent-collection strategies, dealing with challenging tenants, leveraging technology, and handling rent increases and tax deductions.
Along the way, he incorporates checklists and templates to make the material easy to apply. Written in a forthright, understandable style, First-Time Landlord’s Guide gives new landlords a doable method for running their properties more efficiently and making the most of their investments.
With an emphasis on effective communication, financial management, and bringing value to potential tenants, the First-Time Landlord’s Guide is a time- and money-saving resource for new property owners.
About Rentals America
Rentals America provides full-service property management for residential rental properties. Our team is completely dedicated to property management, and we’re here to help landlords navigate the rental market.
