|Landlord LPA Newsletter October 2009|
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"Of all the sites out there, the LPA by FAR has the most extensive resources, the most knowledgeable help, the most expertise, and is quite possibly the best real estate site I've used in my career."
Dr. Dani Babb, Author of
"The Accidental Landlord" LPA Member since 2007
"My LPA Membership has saved me from so many expensive tenant problems, it has already paid for itself many times over."
Louis C., LPA Member since February 2001
The LPA not only lets you share your experience with other landlords, but it will also help to answer your questions.
Timothy Spangler, Author of "From the Rat Race to Real Estate", LPA Member since December 2003
The Web site was founded by John Nuzzolese, and he is a “nice guy” like we were when we started. He learned many lessons the hard way, like we did, and so you will benefit greatly from his experiences, and from being part of this group.
Sandy Midea, Author of "A Fool's Guide to Landlording"
"The LPA Lease has become my favorite lease, and enforcing it with the Essential Forms is even better. Managing my properties (tenants) has become much easier."
Jack Klein, LPA Member since May 2001.
"The question should be ..." "Can you afford not to join The Landlord Protection Agency? I'm very thankful for all The LPA has done for us. At first we were intimidated by our tenants and the whole process of leasing and managing our rental property. Now we have 3 rentals with excellent tenants!"
Carol and Jim S., LPA Members since July 2003
"I'd like to thank Mr. Nuzzolese for sharing his landlording knowledge with us. I find it refreshing to be able to get down to earth articles and real life helpful advice on the LPA website.
Gary Smith, LPA Member since 2007
"I cannot express how your products have made my job so much easier. I have peace of mind now knowing that I am protected by the verbiage you have in your contracts. Thank you so much."
Tony Gramm, Aurora, OH
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Dear Fellow Landlord,
In this issue:
Please e-mail us if you have any questions or would like to add or share any material / information.
Renting What Won't Sell
By Barbara Kiviat
From the front lines of the Great American Housing Bust: people who want to sell their houses but can't are turning their homes into rentals. Yes, there are early signs that home sales are steadying and prices are picking up, but some owners have been waiting for years to sell to move to new towns, to better jobs and simply can't hold out any longer. Their solution is to pack the old place with tenants and no longer be trapped by an unsalable property.
Call them Accidental Landlords (the real-estate pros already do). Insurance company Allstate has been tracking the new demographic by watching the wave of people switch from homeowner- to landlord-insurance coverage, a figure that's up 27% year-over-year. ….
Who is responsible for them?
LPA Appliance Agreement With Repair ClauseThe Landlord Protection Agency’s Appliance Agreement with Repair Clause is an excellent addition to many leases and rental agreements.
The Appliance Agreement with Repair Clause explains in simple terms to the tenant that if the tenant wishes to use the existing appliances, he is responsible for maintenance and repairs on them.
This document includes a complete appliance checklist at Move -In, signed by the tenant, it also protects the landlord from costly repairs and maintenance by putting the responsibility of the appliances onto the tenant where it belongs.
We are not in the appliance business!
We like the Appliance Agreement because it covers the landlord completely for those annoying appliance repairs that seem to always crop up. This agreement is clear and easy to understand.
The more rentals you have, the more appliances you have that will need repairing and replacing over the years.
Ask the Attorney
If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
Excuses Tenants Make
"The bank screwed up and froze my account. But I can't have the rent in cash tomorrow as I am on a cruise in Bermuda and calling from the ship!!" - Dorothy, Patchogue, NY
"My boyfriend went to jail with all my money." Later on they through a party and I saw him walking around. Nicole GA
"I couldn't pay the rent because I had to pay for the California Lottery Machine in my business because it costs $10,000 to renew. I'll have the rent in three weeks." They were already two weeks late. I served the three-day notice and they used the lottery monies to pay the rent. Better luck next time. - E. Ramirez, Rancho Cucamonga, CA
"My husband got some new tattoos that got infected so he's missed work and lost his job. The tats weren't cheap y'know, and now he's gotta get a new job! Whatd'ya want from us???" Let's start with the rent, and then the late fee. I can't lose my property because of tattoos! - Louis, Tustin, CA
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