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
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If You Can't Sell It, Why Not Rent Your Home?
Expert explains how homeowners can turn their unsold properties into rental income
As seen in By Luke Mullins
The nation's painful housing bust has put sellers in a serious lurch. To get their properties sold, many sellers will have to make sharp reductions to their asking prices—a necessary evil that can rob the investment of its return. But Danielle Babb has a different idea. In her book, The Accidental Landlord, Babb describes how homeowners can ride out the turbulent market by converting their homes into rental properties. In a recent interview with U.S. News, Babb outlined the benefits of renting, explained how homeowners can determine if it's right for them, and even offered advice on how to avoid lousy tenants.
Some excerpts from the interview:
What are the benefits of renting out your home if you can't sell it?
There are many benefits, including the ability to ride out the market and potentially not lose money on a home. It generally isn't in a homeowner's best interest to sell at the bottom of a market—unless they have an unusual financial circumstance, such as immediate retirement or illness. Secondly, renting offers the ability to take a tax deduction if there is any rental loss. Moreover, landlords have the ability to move back into the home...
click for the full article...
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NEW! Introducing...
The LPA Lease in Spanish!
You asked for it, we got it done! The LPA has translated America's most popular residentioal lease agreement, The LPA Lease into Spanish for landlords who have Spanish speaking tenants. In some states, the landlord is required to supply non-english speaking tenants with a copy of the lease in their own language.
More info: CONTRACTING WITH SPANISH-SPEAKING CUSTOMERS From the California Department of Consumer Affairs
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Ask the Attorney
The Landlord Protection Agency® is proud to introduce John Reno, Esq., a highly experienced Landlord - Tenant attorney based on Long Island, NY.
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: If a tenant moves in and 3 months into the lease they complain about bed bugs, who is responsible to pay for exterminating? Jorge Matos, In the state of Massachusetts
A: The landlord, unless the lease says otherwise. Sleep tight (well, you know the rest...)
Dear Mr. Reno:
Hi, My name is Gloria from South Carolina. I have rental property and my tenant is now 3 months in the rear. She has avoided all phone calls, and I have sent a letter informing her that due to non-payment and no efforts to make any payment that I will proceed with the Eviction process. My tenant is receiving assistance through the SC Housing Authority.
What are the steps to file an eviction notice and is there a fee ?
Gloria from South Carolina
A: There's a filing fee is usually $20-$45. If you're going to try this yourself, start at the Courthouse. Some of the Courts now give out the forms to people. If the court in your area won't help you, you probably should hire someone. Either way, it starts with the forms.
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Read more from John Reno, Eviction Attorney
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New Essential Form: FREE DOWNLOAD
Account Status Notification
Are Your Tenants IN ARREARS?
The Account Status Notification helps keep your collection efforts organized while you try to bring your struggling tenant accounts back in good standing. We should never let a tenant get behind in the rent or other charges, right? We are professional landlords and we know better than to let this happen, right? Why then does it still happen anyway?
Using the LPA Urgent Late Notice as a model, I was able to tailor this form to suit my purposes to acheive the results I wanted.
The Account Status Notification easily updates the tenant of their account status, reminds them of any past due balances such as unpaid late fees, attorney fees, etc. and alerts them if legal action is pending.
The form helps to avoid misunderstandings with tenants about what is owed and when it is due.
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Tenant Excuses
"Billy got into some trouble at school. I had to pay a fine. I will have the rest of the rent for you next Friday." - Kris, PA
"Don't blame me. It's the economy." Well I guess you can blame the economy for throwing you out of my house. - Wilton O., IL
"I lost my wallet by the dumpster. You didn't happen to see it there did you?" This comes from a tenant who is always late with the rent; the last excuse was that his boss left the state with the payroll & no one knew where he was. - Karen, Jewett, NY
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Quotations...
"Get busy living or get busy dying." - Red, The Shawshank Redemption
"The LPA loves tenants... as long as they are good." - Jack Klein
"When you change the way you look at things, the things you look at change. - Wayne Dyer
"How much did your last tenant problem cost you?"
- John Nuzzolese
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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.
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LPA Membership Expiring?
Take Advantage of the Renewal Prices!
How to Check your LPA Membership Expiration Date:
- Be logged in with your LPA username & password
- On the "Main Menu" (top right), click on "Your Orders" (right below your name)
- 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!
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Make money as an LPA Affiliate!
Starting 6/1/07: We're DOUBLING your referral fees so you can earn twice as much!
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Earn a 10% commission on all
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Program!
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SPECIAL
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for New 2
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This offer also applies to 2-5 year Membership Renewals!
Check out our low renewal prices
*Your Membership Expired? No Problem!
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The LPA's
Free Bonus for all LPA Members.... Click for more information.
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Interested in past LPA Newsletters?
Feel free to view the
LPA Newsletter Archive