In today's market, many property owners find themselves first-time landlords for a variety of reasons. Some homeowners turn to renting when they can't sell a house. Empty nesters may consider making money on their extra space. And buyers might look into the revenue-producing idea of purchasing a multi-family home. Whatever the reasons for becoming a landlord, it's often a challenging role. This guide helps new and experienced landlords alike: Find (and keep!) responsible tenants; Determine legal liabilities for landlords and tenants; Market, show, and profit from rental property; Handle repairs and general maintenance; Handling of evictions properly. Featuring expert advice and money-saving tips, this step-by-step book helps you earn maximum profit--with minimum hassle. New in this edition: Finding the right mortgage; Using home equity loans for renovations and repairs; Updated information on evictions and legal issues.