{"product_id":"renting-out-your-property-for-dummies-uk-edition-paperback-softback-9781119976400","title":"Renting Out Your Property For Dummies, UK Edition (Paperback \/ softback) 9781119976400","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eRenting Out Your Property For Dummies, UK Edition\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eMelanie Bien (Author), Robert S. Griswold (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781119976400, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 9 December 2011\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e400 pages\u003cbr\u003e23.5 x 18.7 x 2.3 cm, 0.737 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\"This book is ideal for someone considering becoming a landlord and who has never let a property.\" (\u003cem\u003eLandlord Focus,\u003c\/em\u003e March 2013)\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eEverything potential landlords need to know about the UK rental market\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eRenting Out Your Property For Dummies\u003c\/i\u003e 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).\u003c\/p\u003e \u003cp\u003e\u003ci\u003eRenting Out Your Property For Dummies\u003c\/i\u003e covers:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eHow to prepare a rental property for prospective tenants\u003c\/li\u003e \u003cli\u003eTackling rent, deposits and tenancy agreements\u003c\/li\u003e \u003cli\u003eDeciding whether to manage the property yourself or to hire an agent\u003c\/li\u003e \u003cli\u003eEssential information on financial management and record-keeping\u003c\/li\u003e \u003c\/ul\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003eIntroduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout This Book 1\u003c\/p\u003e \u003cp\u003eConventions Used in This Book 1\u003c\/p\u003e \u003cp\u003eWhat You’re Not to Read 2\u003c\/p\u003e \u003cp\u003eFoolish Assumptions 2\u003c\/p\u003e \u003cp\u003eHow This Book is Organised 3\u003c\/p\u003e \u003cp\u003ePart I: So You Want to Be a Landlord? 3\u003c\/p\u003e \u003cp\u003ePart II: Renting Your Property 3\u003c\/p\u003e \u003cp\u003ePart III: The Brass Tacks of Managing Rentals 4\u003c\/p\u003e \u003cp\u003ePart IV: Techniques and Tools for Managing 4\u003c\/p\u003e \u003cp\u003ePart V: Money, Money, Money! 4\u003c\/p\u003e \u003cp\u003ePart VI: Only for the Daring 4\u003c\/p\u003e \u003cp\u003ePart VII: The Part of Tens 5\u003c\/p\u003e \u003cp\u003ePart VIII: Appendices 5\u003c\/p\u003e \u003cp\u003eIcons Used in This Book 5\u003c\/p\u003e \u003cp\u003eWhere to Go from Here 6\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: So You Want to Be a Landlord? 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Do You Have What it Takes to Manage a Buy-to-Let Property? 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecognising the Advantages of Owning Rental Property 10\u003c\/p\u003e \u003cp\u003eBeing Honest with Yourself about Your Skills and Experience 11\u003c\/p\u003e \u003cp\u003ePeople who need people: Putting your interpersonal skills to the test 11\u003c\/p\u003e \u003cp\u003eMaking sure you have good management skills 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Deciding Whether to Manage Your Property Yourself or to Hire an Agent 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eManaging Your Rental Yourself 16\u003c\/p\u003e \u003cp\u003eRecognising the advantages of self-management 16\u003c\/p\u003e \u003cp\u003ePaying attention to the drawbacks 17\u003c\/p\u003e \u003cp\u003eManaging your property from a distance 17\u003c\/p\u003e \u003cp\u003eExploring Professional Management 18\u003c\/p\u003e \u003cp\u003eKnowing what to look for in a letting agent 19\u003c\/p\u003e \u003cp\u003eTelling the good from the bad and the ugly 20\u003c\/p\u003e \u003cp\u003ePaying your letting agent 23\u003c\/p\u003e \u003cp\u003eMaking sense of management agreements 25\u003c\/p\u003e \u003cp\u003eKnowing the tax consequences of using a management company 26\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Becoming an Accidental Landlord 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDeciding to Rent Out Your Own Home 27\u003c\/p\u003e \u003cp\u003eNeeding to move but unable to sell 28\u003c\/p\u003e \u003cp\u003eRecognising your home’s limitations 28\u003c\/p\u003e \u003cp\u003eSetting the price 29\u003c\/p\u003e \u003cp\u003eFinding a tenant 30\u003c\/p\u003e \u003cp\u003eKnowing the law 30\u003c\/p\u003e \u003cp\u003eSeeking Consent-to-Let 31\u003c\/p\u003e \u003cp\u003eStaying on your existing mortgage 32\u003c\/p\u003e \u003cp\u003ePaying a premium 32\u003c\/p\u003e \u003cp\u003eSwitching to a buy-to-let mortgage 32\u003c\/p\u003e \u003cp\u003eRemembering your insurer 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: Renting Your Property 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Finding the Perfect Rental Property 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKnowing What to Look For 37\u003c\/p\u003e \u003cp\u003eDeciding on size 38\u003c\/p\u003e \u003cp\u003eSetting your budget 39\u003c\/p\u003e \u003cp\u003eFinding the ideal location 39\u003c\/p\u003e \u003cp\u003eConsidering dilapidated properties 41\u003c\/p\u003e \u003cp\u003eLetting out a basement in your home 41\u003c\/p\u003e \u003cp\u003eSourcing Your Rental Property 42\u003c\/p\u003e \u003cp\u003eUsing an estate agent 42\u003c\/p\u003e \u003cp\u003eBuying at auction 43\u003c\/p\u003e \u003cp\u003eUsing the Internet 44\u003c\/p\u003e \u003cp\u003eChecking Out the Tenant Pool 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Preparing Your Rental Property for Prospective Tenants 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eComing Up with a Plan to Handle Vacancies 46\u003c\/p\u003e \u003cp\u003eConsidering renovations and upgrades 46\u003c\/p\u003e \u003cp\u003ePaying attention to the exterior or common areas 48\u003c\/p\u003e \u003cp\u003eMaking sure the interior of the property is up-to-scratch 49\u003c\/p\u003e \u003cp\u003eDeciding whether to furnish 51\u003c\/p\u003e \u003cp\u003ePreparing Your Rental Property the Right Way 52\u003c\/p\u003e \u003cp\u003eKeeping up appearances 53\u003c\/p\u003e \u003cp\u003eMaking sure everything’s ticking over 53\u003c\/p\u003e \u003cp\u003eGetting out the paintbrush 54\u003c\/p\u003e \u003cp\u003eApplying some elbow grease 55\u003c\/p\u003e \u003cp\u003eSorting out flooring 56\u003c\/p\u003e \u003cp\u003eIntroducing Energy Performance Certificates 57\u003c\/p\u003e \u003cp\u003eInspecting Safety Items 57\u003c\/p\u003e \u003cp\u003eFacing up to fire 57\u003c\/p\u003e \u003cp\u003eChecking the electrics 58\u003c\/p\u003e \u003cp\u003eTaking sensible precautions 58\u003c\/p\u003e \u003cp\u003eUsing Outside Contractors 59\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Rent, Deposits and Tenancy Agreements: The Big Three of Property Management 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSetting the Rent 62\u003c\/p\u003e \u003cp\u003eExamining the return on your investment 62\u003c\/p\u003e \u003cp\u003eConducting a market analysis of the rent in your area 64\u003c\/p\u003e \u003cp\u003eComing Up with a Fair Deposit 65\u003c\/p\u003e \u003cp\u003eProtecting your tenant’s deposit 66\u003c\/p\u003e \u003cp\u003eSetting a reasonable deposit 67\u003c\/p\u003e \u003cp\u003eAvoiding non-refundable deposits 67\u003c\/p\u003e \u003cp\u003eIncreasing deposits 68\u003c\/p\u003e \u003cp\u003eUsing a Tenancy Agreement 68\u003c\/p\u003e \u003cp\u003eThe Rent Assessment Committee 70\u003c\/p\u003e \u003cp\u003eA standard tenancy agreement 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Generating Interest in Your Rental Property 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDeveloping a Marketing Plan 73\u003c\/p\u003e \u003cp\u003eDetermining your target market 74\u003c\/p\u003e \u003cp\u003eKnowing what your tenants stand to gain from your property 75\u003c\/p\u003e \u003cp\u003eUnderstanding the Importance of Good Advertising 76\u003c\/p\u003e \u003cp\u003eRifle versus shotgun: Picking an advertising approach 77\u003c\/p\u003e \u003cp\u003eKerb appeal: Getting your property to rent itself 78\u003c\/p\u003e \u003cp\u003eLooking at Your Advertising Options 79\u003c\/p\u003e \u003cp\u003eWord-of-mouth 80\u003c\/p\u003e \u003cp\u003eProperty signs 81\u003c\/p\u003e \u003cp\u003eNewspapers 83\u003c\/p\u003e \u003cp\u003eInternet 89\u003c\/p\u003e \u003cp\u003eFlyers 90\u003c\/p\u003e \u003cp\u003eRental publications 92\u003c\/p\u003e \u003cp\u003eLocal noticeboards 92\u003c\/p\u003e \u003cp\u003eLocal employers 92\u003c\/p\u003e \u003cp\u003eLetting agencies 93\u003c\/p\u003e \u003cp\u003eAdvertising without Discriminating 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Handling Prospective Tenants and Showing the Property 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMaking the Most of Technology 95\u003c\/p\u003e \u003cp\u003eUsing your phone’s special features to your advantage 96\u003c\/p\u003e \u003cp\u003ePreparing for Phone Calls 99\u003c\/p\u003e \u003cp\u003eHaving the basic tools ready 99\u003c\/p\u003e \u003cp\u003eAnswering the phone 103\u003c\/p\u003e \u003cp\u003eProviding and obtaining the basic information 104\u003c\/p\u003e \u003cp\u003eConvincing the prospective tenant to rent your property 106\u003c\/p\u003e \u003cp\u003eChecking the prospective tenant’s suitability over the phone 107\u003c\/p\u003e \u003cp\u003eHandling phone objections 109\u003c\/p\u003e \u003cp\u003eConverting phone calls to rental showings 109\u003c\/p\u003e \u003cp\u003ePlanning Ahead for Open Houses and Individual Viewings 111\u003c\/p\u003e \u003cp\u003eHolding an open house 112\u003c\/p\u003e \u003cp\u003eScheduling individual appointments 113\u003c\/p\u003e \u003cp\u003eProviding directions to the property 113\u003c\/p\u003e \u003cp\u003eShowing Your Rental Property 114\u003c\/p\u003e \u003cp\u003eShowing a vacant property 114\u003c\/p\u003e \u003cp\u003eShowing an occupied property 115\u003c\/p\u003e \u003cp\u003eChecking if the prospective tenant is suitable during the property viewing 116\u003c\/p\u003e \u003cp\u003eResolving objections 117\u003c\/p\u003e \u003cp\u003eConvincing the prospective tenant 118\u003c\/p\u003e \u003cp\u003eInviting the prospective tenant to rent your property 118\u003c\/p\u003e \u003cp\u003ePersuading the prospective tenant to complete a rental application 119\u003c\/p\u003e \u003cp\u003eHolding a deposit 120\u003c\/p\u003e \u003cp\u003eUsing waiting lists 121\u003c\/p\u003e \u003cp\u003eHandling Hazardous Materials and Environmental Issues 122\u003c\/p\u003e \u003cp\u003eLead-based paint 122\u003c\/p\u003e \u003cp\u003eAsbestos 123\u003c\/p\u003e \u003cp\u003eRadon 125\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Eenie, Meenie, Miney, Mo: Selecting Your Tenants 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Importance of Screening 128\u003c\/p\u003e \u003cp\u003eEstablishing Tenant Selection Criteria 129\u003c\/p\u003e \u003cp\u003eVerifying Rental Applications 131\u003c\/p\u003e \u003cp\u003eVerifying the identity of all adults 132\u003c\/p\u003e \u003cp\u003eReviewing occupancy guidelines 132\u003c\/p\u003e \u003cp\u003eChecking rental history 133\u003c\/p\u003e \u003cp\u003eVerifying employment and income 134\u003c\/p\u003e \u003cp\u003eReviewing the applicant’s credit history 136\u003c\/p\u003e \u003cp\u003eTalking with all character references 138\u003c\/p\u003e \u003cp\u003eDealing with guarantors 138\u003c\/p\u003e \u003cp\u003eNotifying the Applicant of Your Decision 139\u003c\/p\u003e \u003cp\u003eAvoiding Complaints of Discrimination 140\u003c\/p\u003e \u003cp\u003eWhat it is and what it isn’t 140\u003c\/p\u003e \u003cp\u003eSteering 141\u003c\/p\u003e \u003cp\u003eChildren 142\u003c\/p\u003e \u003cp\u003eDisabled tenants 142\u003c\/p\u003e \u003cp\u003eReasonable accommodations 143\u003c\/p\u003e \u003cp\u003eGuide dogs 144\u003c\/p\u003e \u003cp\u003eSexual harassment 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: The Brass Tacks of Managing Rentals 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Moving in the Tenant 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEstablishing the Move-In Date 150\u003c\/p\u003e \u003cp\u003eMeeting with Your Tenant Prior to Move-In 151\u003c\/p\u003e \u003cp\u003eGoing over the rules with your new tenant 151\u003c\/p\u003e \u003cp\u003eReviewing and signing documents 153\u003c\/p\u003e \u003cp\u003eCollecting the money 157\u003c\/p\u003e \u003cp\u003eInspecting the property with your tenant before the move-in 158\u003c\/p\u003e \u003cp\u003eGiving your tenant an informational letter 161\u003c\/p\u003e \u003cp\u003eDistributing the keys 162\u003c\/p\u003e \u003cp\u003eSetting up the Tenant File 164\u003c\/p\u003e \u003cp\u003ePreparing a Welcome Pack for Your New Tenant 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Collecting and Increasing Rent 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCreating a Written Rent Collection Policy 168\u003c\/p\u003e \u003cp\u003eWhen rent is due 168\u003c\/p\u003e \u003cp\u003eHow rent is paid 170\u003c\/p\u003e \u003cp\u003eDealing with Rent Collection Problems 173\u003c\/p\u003e \u003cp\u003eCollecting late rent 173\u003c\/p\u003e \u003cp\u003eCharging late fees 174\u003c\/p\u003e \u003cp\u003eHandling bounced cheques 175\u003c\/p\u003e \u003cp\u003eDealing with partial rental payments 176\u003c\/p\u003e \u003cp\u003eServing legal notices 177\u003c\/p\u003e \u003cp\u003eIncreasing the Rent 177\u003c\/p\u003e \u003cp\u003eDeciding when and how much 178\u003c\/p\u003e \u003cp\u003eInforming the tenant 178\u003c\/p\u003e \u003cp\u003eSweetening the pill 179\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Keeping Good Tenants – and Your Sanity 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Tenants Want 182\u003c\/p\u003e \u003cp\u003eTimely and effective communication 182\u003c\/p\u003e \u003cp\u003eQuick responses to maintenance requests 183\u003c\/p\u003e \u003cp\u003eRespect for your tenants’ privacy 184\u003c\/p\u003e \u003cp\u003eEnforcement of house rules 184\u003c\/p\u003e \u003cp\u003eFair rent and increases 185\u003c\/p\u003e \u003cp\u003eRenewing Tenancy Agreements 185\u003c\/p\u003e \u003cp\u003eTempting your tenant to stay 185\u003c\/p\u003e \u003cp\u003eBetter the devil you know 186\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Dealing with Problem Tenants 187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecognising and Responding to Common Tenant Problems 187\u003c\/p\u003e \u003cp\u003eLate payment of rent 188\u003c\/p\u003e \u003cp\u003eAdditional occupants 188\u003c\/p\u003e \u003cp\u003eInappropriate noise levels 189\u003c\/p\u003e \u003cp\u003eUnsupervised children 190\u003c\/p\u003e \u003cp\u003eExploring Alternatives to Eviction 190\u003c\/p\u003e \u003cp\u003eNegotiating a voluntary move-out 191\u003c\/p\u003e \u003cp\u003eUsing mediation or arbitration services 191\u003c\/p\u003e \u003cp\u003eTaking your tenant to court 192\u003c\/p\u003e \u003cp\u003eEvicting a Tenant 192\u003c\/p\u003e \u003cp\u003eServing legal notices 192\u003c\/p\u003e \u003cp\u003eEnforcing County Court Judgements 194\u003c\/p\u003e \u003cp\u003eKnowing What to Do in Unusual Tenant Situations 195\u003c\/p\u003e \u003cp\u003eBankruptcy 195\u003c\/p\u003e \u003cp\u003eSitting tenants 195\u003c\/p\u003e \u003cp\u003eBroken tenancy agreements 196\u003c\/p\u003e \u003cp\u003eSubletting 196\u003c\/p\u003e \u003cp\u003eDeparting housemates 197\u003c\/p\u003e \u003cp\u003eDomestic problems 197\u003c\/p\u003e \u003cp\u003eDeath of a tenant 198\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Moving Out Tenants 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRequiring Written Notice 200\u003c\/p\u003e \u003cp\u003eGiving Your Tenants a Move-Out Information Letter 201\u003c\/p\u003e \u003cp\u003eInspecting the Property’s Condition at Move-Out 202\u003c\/p\u003e \u003cp\u003eNoting damages 202\u003c\/p\u003e \u003cp\u003eUsing a Deposit Itemisation form 205\u003c\/p\u003e \u003cp\u003eHandling Special Move-Out Situations 206\u003c\/p\u003e \u003cp\u003eWhen damage and unpaid rent exceed the deposit 206\u003c\/p\u003e \u003cp\u003eWhen disputes arise over the deposit 207\u003c\/p\u003e \u003cp\u003eWhen the rental property is abandoned 207\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: Techniques and Tools for Managing 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Maintenance 211\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecognising the Importance of a Maintenance Plan 212\u003c\/p\u003e \u003cp\u003eBeing Prepared for the Different Types of Maintenance Issues 213\u003c\/p\u003e \u003cp\u003eEmergency repairs 213\u003c\/p\u003e \u003cp\u003ePreventive maintenance 214\u003c\/p\u003e \u003cp\u003eCorrective maintenance 214\u003c\/p\u003e \u003cp\u003eCustodial maintenance 215\u003c\/p\u003e \u003cp\u003eCosmetic maintenance 216\u003c\/p\u003e \u003cp\u003eAnd what if I don’t? 216\u003c\/p\u003e \u003cp\u003eHandling Rental Property Maintenance 217\u003c\/p\u003e \u003cp\u003eResponding to a tenant’s request for repairs 217\u003c\/p\u003e \u003cp\u003eKeeping tenants from fixing things themselves 218\u003c\/p\u003e \u003cp\u003ePurchasing maintenance parts and supplies 219\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Safety, Security and Insurance 221\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTackling Crime in and around Your Rental Property 221\u003c\/p\u003e \u003cp\u003eParticipating in your local Neighbourhood Watch scheme 222\u003c\/p\u003e \u003cp\u003ePaying attention to tenants’ questions and complaints about safety-related issues 223\u003c\/p\u003e \u003cp\u003eResponding to crimes when they occur 224\u003c\/p\u003e \u003cp\u003eTaking Security Precautions 225\u003c\/p\u003e \u003cp\u003eKeys 225\u003c\/p\u003e \u003cp\u003eLighting 226\u003c\/p\u003e \u003cp\u003eAddressing Environmental Issues 227\u003c\/p\u003e \u003cp\u003eFire safety 227\u003c\/p\u003e \u003cp\u003eCarbon monoxide 229\u003c\/p\u003e \u003cp\u003eNatural disasters 229\u003c\/p\u003e \u003cp\u003eCover Me, I’m Going In! Making Sure You Have the Insurance You Need 230\u003c\/p\u003e \u003cp\u003eChoosing a company and getting the coverage you need 230\u003c\/p\u003e \u003cp\u003eUnderstanding the types of insurance cover available 232\u003c\/p\u003e \u003cp\u003eDetermining the right excess 234\u003c\/p\u003e \u003cp\u003eEncouraging your tenants to get home contents insurance 234\u003c\/p\u003e \u003cp\u003eHandling potential claims 235\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V: Money, Money, Money! 237\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Raising the Cash to Buy Your Rental Property 239\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMaking Sure You Can Afford to Buy a Rental Property 240\u003c\/p\u003e \u003cp\u003eBuy-to-Let Mortgages 240\u003c\/p\u003e \u003cp\u003eGenerating enough rental income 241\u003c\/p\u003e \u003cp\u003eRaising a deposit 242\u003c\/p\u003e \u003cp\u003eFinding the right buy-to-let mortgage 243\u003c\/p\u003e \u003cp\u003eRemortgaging to a better deal 247\u003c\/p\u003e \u003cp\u003eReleasing equity 248\u003c\/p\u003e \u003cp\u003eThe more the merrier 248\u003c\/p\u003e \u003cp\u003eRenting Out in Order to Buy Again 249\u003c\/p\u003e \u003cp\u003eUsing a Mortgage Broker 249\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Avoiding Property Taxes 251\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKnowing Which Taxes You’re Responsible for Paying 251\u003c\/p\u003e \u003cp\u003eAvoiding Income Tax 252\u003c\/p\u003e \u003cp\u003eAllowances on Furnished Property 253\u003c\/p\u003e \u003cp\u003eAvoiding Capital Gains Tax 254\u003c\/p\u003e \u003cp\u003eSteering Clear of Council Tax 255\u003c\/p\u003e \u003cp\u003eMinimising Stamp Duty Land Tax 256\u003c\/p\u003e \u003cp\u003eAdvanced Tax Avoidance Tips 256\u003c\/p\u003e \u003cp\u003eShare and share alike: owning property with someone else 257\u003c\/p\u003e \u003cp\u003eThinking about Inheritance Tax 258\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Using a Company to Hold Your Property 261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Pros of Using a Company 261\u003c\/p\u003e \u003cp\u003eBeneficial tax regime 262\u003c\/p\u003e \u003cp\u003eLimited liability 262\u003c\/p\u003e \u003cp\u003eFlexible ownership 263\u003c\/p\u003e \u003cp\u003eStatus 263\u003c\/p\u003e \u003cp\u003eSpotting the Cons of Using a Company 263\u003c\/p\u003e \u003cp\u003eSetting Up a Property Company 264\u003c\/p\u003e \u003cp\u003eDeciding on private or public 265\u003c\/p\u003e \u003cp\u003eChoosing a name 265\u003c\/p\u003e \u003cp\u003eRegistering to pay tax 266\u003c\/p\u003e \u003cp\u003ePlacing Existing Property into a New Company 266\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Financial Management and Recordkeeping 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOrganising Your Files 267\u003c\/p\u003e \u003cp\u003eThe property ownership file 268\u003c\/p\u003e \u003cp\u003eSeparate files for each rental property 268\u003c\/p\u003e \u003cp\u003eTenant files 268\u003c\/p\u003e \u003cp\u003eInsurance file 269\u003c\/p\u003e \u003cp\u003eMaintaining Property Records 269\u003c\/p\u003e \u003cp\u003eTaking Care of Business: Rental Property Accounting 270\u003c\/p\u003e \u003cp\u003eCreating a budget and managing your cash flow 271\u003c\/p\u003e \u003cp\u003eUsing technology for financial management 272\u003c\/p\u003e \u003cp\u003eHiring a professional number-cruncher 273\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VI: Only for the Daring 275\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: Government Programmes 277\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHousing Benefit 278\u003c\/p\u003e \u003cp\u003eHousing Associations 279\u003c\/p\u003e \u003cp\u003eHow they work 279\u003c\/p\u003e \u003cp\u003eWhich properties are eligible 280\u003c\/p\u003e \u003cp\u003ePursuing this option 280\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22: Working in Niche Markets: Students, Pets, HMOs and Smokers 283\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTaking another Look at Your Pet Policy 283\u003c\/p\u003e \u003cp\u003eRenting to Students: Is It Really Like the Young Ones? 285\u003c\/p\u003e \u003cp\u003eGetting a rental property in a university town 285\u003c\/p\u003e \u003cp\u003ePreparing for the challenges involved 286\u003c\/p\u003e \u003cp\u003eHouses in Multiple Occupation (HMOs) 287\u003c\/p\u003e \u003cp\u003eEstablishing whether you need a licence 287\u003c\/p\u003e \u003cp\u003eTaking health and safety onboard 288\u003c\/p\u003e \u003cp\u003eChanging an HMO: when to notify the local authority 288\u003c\/p\u003e \u003cp\u003eSmoking or No Smoking? Tapping into Potential Markets 289\u003c\/p\u003e \u003cp\u003eCatering to smokers 289\u003c\/p\u003e \u003cp\u003eDesignating your rental properties no smoking 290\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VII: The Part of Tens 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23: Ten Reasons to Become a Rental Property Owner 293\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eYou Can Diversify Your Investments 293\u003c\/p\u003e \u003cp\u003eYou Don’t Need Much Money to Start 293\u003c\/p\u003e \u003cp\u003eIt Can Be a Second Income 294\u003c\/p\u003e \u003cp\u003eYou Gain Tax Advantages 294\u003c\/p\u003e \u003cp\u003eProperty Holds Its Value 294\u003c\/p\u003e \u003cp\u003eYou Get Leverage 295\u003c\/p\u003e \u003cp\u003eIt Beats Inflation 295\u003c\/p\u003e \u003cp\u003eYou Get a Positive Cash Flow 295\u003c\/p\u003e \u003cp\u003eIt’s an Alternative to a Pension 296\u003c\/p\u003e \u003cp\u003eIt Can Make You Wealthy in the Long Run 296\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24: Ten Ways to Get and Keep Full Occupancy in Your Property 297\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMaintain Kerb Appeal 297\u003c\/p\u003e \u003cp\u003eKeep the Property in Rent-Ready Condition 298\u003c\/p\u003e \u003cp\u003eEstablish a Competitive Rent 298\u003c\/p\u003e \u003cp\u003eOffer Prospective Tenants a Rent Guarantee 298\u003c\/p\u003e \u003cp\u003eStay Ahead of the Technology Curve 299\u003c\/p\u003e \u003cp\u003eOffer Referral Fees 299\u003c\/p\u003e \u003cp\u003eAccept Pets 299\u003c\/p\u003e \u003cp\u003eOffer Move-In Gifts or Upgrades 300\u003c\/p\u003e \u003cp\u003eContact Big Companies or Corporations 300\u003c\/p\u003e \u003cp\u003eAccept Housing Benefit 301\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25: Ten Ways to Increase Cash Flow 303\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIncrease the Rent 303\u003c\/p\u003e \u003cp\u003eDecrease Your Operating Expenses 304\u003c\/p\u003e \u003cp\u003eReduce Your Turnover 304\u003c\/p\u003e \u003cp\u003eRemortgage Your Rental Property – Perhaps 304\u003c\/p\u003e \u003cp\u003eUpgrade Your Rental Property 305\u003c\/p\u003e \u003cp\u003ePre-Let to Minimise Void Periods 305\u003c\/p\u003e \u003cp\u003eBuy Freehold Rather than Leasehold 306\u003c\/p\u003e \u003cp\u003eAvoid Gas Appliances 306\u003c\/p\u003e \u003cp\u003eDo Your Own Repairs 307\u003c\/p\u003e \u003cp\u003eManage Your Rental Properties Yourself 307\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VIII: Appendices 309\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A: Resources 311\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProfessional and Trade Organisations 311\u003c\/p\u003e \u003cp\u003eGovernment Organisations 312\u003c\/p\u003e \u003cp\u003eFurther Information 313\u003c\/p\u003e \u003cp\u003eMortgage Brokers 313\u003c\/p\u003e \u003cp\u003eCredit Reference Agencies 314\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B: Forms, Templates and Standard Letters 315\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIndex 361\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"For Dummies","offers":[{"title":"Brand New","offer_id":52449461928216,"sku":"9781119976400","price":14.28,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781119976400.jpg?v=1785200675","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/renting-out-your-property-for-dummies-uk-edition-paperback-softback-9781119976400","provider":"Freshly Printed Books","version":"1.0","type":"link"}