{"product_id":"renting-out-your-property-for-dummies-uk-edition-9781119976400","title":"Renting Out Your Property For Dummies UK Edition","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eEverything potential landlords need to know about the UK rental market   Renting Out Your Property For Dummies is the essential roadmap to successful property letting.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThis book is ideal for someone considering becoming a landlord and who has never let a property. (Landlord Focus, March 2013)\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\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","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407197577559,"sku":"9781119976400","price":16.14,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119976400.jpg?v=1730498531","url":"https:\/\/bookcurl.com\/products\/renting-out-your-property-for-dummies-uk-edition-9781119976400","provider":"Book Curl","version":"1.0","type":"link"}