The Landlord Protection Agency  
Main Menu, Landlord Protection Agency homepage Membership With The Landlord Protection Agency Free Landlord Services Member Services  

Landlord Newsletter Mid January 2008 - Raise the Rent?

































Read
"Babb's Babble "
Dr. Dani Babb's New Real Estate Blog

The LPA Newsletter
Mid - January 2008

Dear Fellow Landlord,
I hope your year is off to a good start. With life's many challenges, I know we can at least make the property management side of things better. Just one new useful idea can make a great difference!
In this newsletter:

  • Ask the Attorney, with Eviction lawyer, John Reno
  • Article: What do I do when I have to Raise the Rent?
  • Truth & Lies. A look at what tenants may say and mean.
  • Free Form download
  • Recent Tenant Excuses
  • Recent Success Quotes

    Please e-mail us if you have any questions or would like to add or share any material / information. Have a great month!
    John Nuzzolese
    John@theLPA.com




    ***********************************************

    Ask the Attorney

    The Landlord Protection AgencyThe Landlord Protection Agency® is proud to introduce John Reno, Esq., a highly experienced Landlord - Tenant attorney based on Long Island, NY.

    We find that Landlords who contact us have often waited too long to commence an eviction, usually in an understandable effort to resolve problems amicably. Landlords need attorneys who will not compound the problem with unnecessary delays or expenses. For this reason, our main priority is immediate action. In most cases, we commence an eviction within 3 days of being hired and have our client's cases in Court within 7 to 10 days of being hired.

    If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.


    Submit a landlord / tenant question for Mr. Reno


    Dear Mr. Reno:
    Last August my Tenants asked for a renewed lease, my husband gave them a signed lease but they never signed the lease and gave it back to us.  The tenants needed the lease for school purposes.  Is the lease still in good standing till it expires in August or invalid because we never got it back from them and I didn't know that my husband never got them to sign it.  My tenants have been paying the rent late  since October and didn't pay November and October until I gave them a 3 day notice to pay or quit, I would like to ask them to move on.  Thank you. - Sarda Desmond, California

    A:
    You are technically correct, but still in trouble.  Yes, you should have gotten a fully signed lease from then.  The problem is if you give them a notice to vacate, they're gonna show up in Court with that lease.  It may not be signed now, but it will be then, and there's a strong likelihood it will be honored.

    Dear Mr. Reno:
    My question, I had a judgment a former tenant was to pay several months of owed rent, he later filed bankruptcy.  Is there any hope I could ever collect legally? Thank you, Debra, Georgia

    A:
    Yes, but it's about the same hope Ralph Nader has of being president.  Step One: call Bankruptcy Court and ask if your Judgment was "Discharged."  If it was, your dead.  If not discharged, call me back.

    click for more from John Reno, Eviction Attorney




    ***********************************************

    What do I do when...

    I have to Raise the Rent?

    Have you noticed when you go to the supermarket that the prices seem to be going up? How about on your real estate tax bill? Delaying a rent increase can be very expensive.

    The subject of raising the rent is one of the most procrastinated tasks facing landlords. The reason is simple:

  • Fear of confrontation,
  • Fear of rocking the boat
  • Can’t afford to make the tenant mad- he might cause a vacancy
  • Tenant is like a friend – don’t want to damage our relationship
  • Fear of dealing with the tenant
  • The rent is high enough

    There comes a time for every landlord when the rent has to be raised. It is not a pleasant subject from the tenant’s point of view, but it must not be overlooked. You must not procrastinate it because every day it is put off, it is money out of your pocket. Food out of your children’s mouths. Think about it at the supermarket checkout line. Every increase you don’t enforce really adds up.

    You should have regular rent increases, even if only by small amounts. The tenant that is used to the same rent for a long period of time usually gets offended when the rent finally must increase, so it is better to make smaller gradual annual rent increases.

    You can address the subject of raising the rent with the tenant in a conventional or LPA Lease agreement. By having a plan for scheduled rent increases, you'll get the equivalent of a raise in salary very year.

    Let’s say you have only three house rentals that you don’t increase until you re-rent...

    click here for the full article...





    Printer Friendly Version of this Article




    ***********************************************

    Truth & Lies

    You'll Never Hear your Tenant Say ...

  • "My credit is bad because I am a deadbeat who goes from landlord to landlord."
    Click here to read what they really say!

  • "I broke the dishwasher because, like an idiot, I sat on it."
    Click here to read what they really say!

  • "I plan to rent out rooms to low-lives to help me pay the rent."
    Click here to read what they really say!

    Fee free to e-mail us what your tenant would never say but is really the truth!




    ***********************************************

    FREE FORM DOWNLOAD

    Increase Rent and Renew the Lease

    Notice to Renew Lease or Vacate EXPIRED DOWNLOAD
    is a combination form which can be used as a lease renewal form or a tenant's notice to vacate. The form provides for a rent increase, as well as the preservation and extension of all the terms and conditions in the lease. The landlord should send this form to the tenant at least one or two months before lease expiration to give the tenant an opportunity to consider any rent increase and to respond with enough notice time to vacate or renew tenancy according to lease requirements.
    ***********************************************

    FREE HTML Code for your
    Internet Ad's Pre-Screening Chart

    I recently began using a basic little chart on my internet rental ads that have made quite a difference in setting up appointments. I used to advertise in local newspapers, but websites like Craigslist have been a helpful way to save advertising dollars! Just paste the code below into your html internet ad so your prospects can respond by e-mail giving you the information you need to know before setting up appointments!

    The code below is for the following chart:

    Any questions or
    to arrange appointments,
    please e-mail us with the following information: Thanks!

    Name: Phone:
    Reason for Moving: # of People:
    # of children & Ages: Occupancy Date:
    Pets: Smoking:
    How is your Credit: Landlord Reference?
    Your occupation: Ever owned a home? Y or N:
    Prospect Card courtesy of The Landlord Protection Agency






    Click here if the html code does not appear on your e-mail



    ***********************************************

    LANDLORD TIP

    When executing a new lease, remember to staple an Intention to Vacate form on the back of the tenant's lease. Reminding the tenant to give proper notice and proper move-out procedure can make your life a lot easier when it's time to start looking for a new tenant.

    ***********************************************

    Tenant Excuses


    "You never got back to me. I asked if I can pay you 3 months rent + $50. extra for EACH MONTH in 3 months." If he asked such a ridiculous question, I'm sure I'd have remembered it. Anyway, this what he told me and the judge in court. Ha ha. - Joanne, NY

    "I already paid your wife." No they didn't. When I asked her to describe my wife she couldn't. Of course she didn't have a receipt either. Then I informed her that I don't even have a wife! - Don S., Tampa, FL

    "I haven’t paid the rent because of a payroll problem at work. I haven’t been paid yet." Right. I’ve been hearing this since November when I first bought this property and these mysterious payroll issues haven’t been resolved yet. I can’t wait to be rid of these deadbeats. - Marla, MS

    ***********************************************

    Quotations...


    eleanor roosevelt quotes Yogi Berra quotes Thomas Edison quotes Benjamin Franklin success quotes



    "Success is the ability to go from one failure to another with no loss of enthusiasm." - Winston Churchill

    "You gain strength, courage, and confidence by every experience in which you really stop to look fear in the face... The danger lies in refusing to face the fear, in not daring to come to grips with it... You must make yourself succeed every time. You must do the thing you think you cannot do." - Eleanor Roosevelt

    "One of my biggest fears is having a tenant with more landlord - tenant knowledge and expertise than I have." - John Nuzzolese

    "How much did your last tenant problem cost you?"
    - John Nuzzolese

    ***********************************************

    Books by LPA Members

    The Landlord Protection Agency is proud to recommend the following landlord books written by LPA Members, Dr. Dani Babb, Robert Irwin, Timothy Spangler, Tony & Sandy Midea and Dan Auito. Just click on the book for more information about it.






    real estate investing, landlord books





    ***********************************************


    LPA Membership Expiring?
    Take Advantage of the Renewal Prices!

    How to Check your LPA Membership Expiration Date:
    1. Be logged in with your LPA username & password
    2. On the "Main Menu" (top right), click on "Your Orders" (right below your name)
    3. The beginning date of your membership will be listed to the left of your membership order # in this format: YYYYMMDD


    NEW! Save Money with our Promotional Membership Renewal Prices!
    *Your Membership Expired? No Problem!



    ***********************************************

    Report bad tenants to the National Tenant Rating Bureau or Deadbeat Database

    ***********************************************

    Make money as an LPA Affiliate!

    Starting 6/1/07: We're DOUBLING your referral fees so you can earn twice as much!
    No more 10% referral fee, it will now be 20%!


    Earn a 10% commission on all orders placed with The Landlord Protection Agency by customers that you refer to us!

    You get paid for each order placed through your specially coded internet address for The LPA site!
    How many landlords do you know?

    Join The LPA Affiliate Program!




    ***********************************************




    SPECIAL BONUS
    for New 2 -5 year LPA Members

    This offer also applies to 2-5 year Membership Renewals!
    Check out our low renewal prices
    *Your Membership Expired? No Problem!


    ***********************************************


    landlord books, landlording, landlord information, landlord tenant law, evictions



    ***********************************************


    The LPA's

    Free Bonus for all LPA Members.... Click for more information.



    ***********************************************


    Interested in past LPA Newsletters?
    Feel free to view the LPA Newsletter Archive



  • Check-Out
    Log in

    Look-up
    Associations

    Attorneys

    Businesses

    Rentals Available

    Rentals Wanted

    Realty Brokers

    Tips & Advice

    Tenant Histories




    Other Areas
    Q&A Forum

    Free Forms

    Essential Forms

    Landlord Tenant Law

    State Specific Lease Clause Index

    Credit Reports

    About Us

    Articles

    Join Now

    Landlord Books

    Links

    Advertising

    Affilliates

    Newsletter Subscribe

    E-mail a friend about TheLPA

    Help






    Contact The LPA

    © 2000-2023 The Landlord Protection Agency, Inc.



    Home | About The LPA | Advertising Information | Affiliate Program | Contact Information | LPA Membership | Free Services | Landlord Q&A Forum | Landlord Tenant Law | Member Services | Free Landlord Forms | Essential Landlord Forms | Credit Reports | Report Tenants to Credit Bureau | The National Tenant Rating Bureau - The Deadbeat Database | Landlord Articles | Real Estate Investment Articles | LPA Newsletter Archive | Landlord Tips | Take the LPA Landlord Test | Landlord Books | Associations | Attorney Directory | Rentals Available | View Rentals Wanted Ads | Real Estate Broker Directory | National Tenant Register | Landlord Links | Glossary | Site Map | E-mail a friend about TheLPA | Free Email LPA Newsletter | LPA FAQ | HELP using this site