Landlord LPA Newsletter - 6 Landlord Traps |
Dear Fellow Landlord, In this newsletter:
Please e-mail us if you have any questions or would like to add or share any material / information. Have a great month!
The 6 Biggest LANDLORD TRAPS! Even landlords who have been around for a long time have fallen into these common landlord traps. 1. Improper Screening"95% of tenant problems can be eliminated in the screening process." Believe it or not, many landlords still are very trusting and comfortable with a basic application if any or a handshake. The eviction courts are full of landlords who like to trust their 'gut' feeling. The Landlord Protection Agency highly recommends you use our rental application or another comparable application. Applications are powerful screening tools when you verify the information that they contain. 2. AdvertisingDo you really have to spend a lot of money? When you list your rental with an experienced, landlord oriented real estate agent, (preferably a member of The Landlord Protection Agency, your advertising should be included with the service. If you are not using an agent to rent your property, you can advertise very inexpensively or FREE through TheLPA.com's Rentals Available listings and Craigslist.... Landlord Quick True or False Quiz
The Landlord Protection Agency® presents John Reno, Esq., a highly experienced Landlord - Tenant attorney based on Long Island, NY.
John Reno also does Mortgage Loan Modifications (Nationwide). Dear Mr. Reno: My tenant has not kept the home in "show" condition as stated in lease. They house is in disarray. The landscaping is not upkept as stated in lease which includes HOA. Is there anything I can do about obstruction of business? Should I give her a notice of violation of lease? If I decide to do the landscaping myself before she moves out, can I deduct it from the deposit? The carpets look like they will need to be replaced due to plants directly laying on carpet and a waterbed left severe imprints in the carpet.If the carpet needs to be replaced, it will cost more than her security deposit. Otherwise, she has been a good tenant for 2.5 years and paid on time. She has requested a preliminary inspection on the 9th. A: As far as "right of entry" you can use it but only if the tenant lets you. Welcome to the real world. Anyway, you & Ms. tenant sound like you're headed for small claims court in a security deposit dispute. Buy your rug, do your landscaping, keep your receipts and plan on getting about half of what you ask for. If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
(LPA Members Only) Have you ever been beaten by a tenant on the rent? Most of us have and unfortunately, it is one of the costs of doing business as a landlord.
Credit bureau reporting is an option in which many modern landlords are beginning to participate.... Click here for the full article
If you haven't already, please take the opportunity to sign up for The LPA's Quick Check Credit Reports! Quick Check is a simple, fast way to access online credit reports while saving you money! A Tenant Screening Alternative...TransUnion SmartMove Discounted For LPA Members!TransUnion Credit Bureau has partnered with The Landlord Protection Agency to provide an alternative option in on-line tenant screening. Private landlords who choose to avoid the qualifying process required for establishing a direct access account for credit reports now have another way. TransUnion gives LPA Members discounted access to LPA Members $5.00 lower per report than what TransUnion charges directly. How does SmartMove work?
Click here for TransUnion SmartMove Discounted For LPA Members! As a landlord trying to rent out a vacancy, have you ever thought about how backwards the process is? You're the landlord. Why do you become a secretary answering phone calls all day every time you slap a 'For Rent' sign in front of a unit or place a classified ad?
Wouldn't you love to streamline the process ...
"I'm withholding it for your own good. You know you're going to spend it on fast food. If I don't pay the rent, maybe you'll lose some weight!" "I’m sorry, my dealer raised his prices again, you know how it goes." "You know I don't have the money. If you harrass me one more time, I'm leaving." "Don't worry I'll have it soon. My aunt who slipped in the store is going to be collecting on her lawsuit." How to Check your LPA Membership Expiration Date:
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