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Landlord Mini Newsletter Mid November 2009

The LPA Newsletter Late November 2009

Dear Fellow Landlord,

In this issue:

Landlord Quiz: How sharp of a landlord are you?
New LPA Video Tutorial How to Set up my LPA username & Password
Holiday Special- FREE LPA Membership Year: See below for details
Landlord Form FREEBIE
Ask the Attorney Q&A with Eviction Attorney, John Reno
Tenant Excuses

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

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Landlord Quick Quiz

You know this stuff, don't you?

Answer the following multiple choice quiz questions and find out.

Instructions: Click on the answer(s) of your choice to see if you are correct.
(Some questions have more than one correct answer)

1. What should I do if the Tenant doesn't agree to sign my lease because he disagrees with my very reasonable late fees?

Rip it up and say goodbye

make the changes the tenant wants as long as they are legal

reduce the late fees

reduce the rent but keep the late fees

2. What 3 things are most important when screening a tenant?

The LPA Lease

The LPA Rental Application

LPA Prescreening Prospect Card

authorization to run a credit report

3. A security deposit is primarily to:

cover the last month of rent

hold the rental until the tenant decides to rent it or not.

secure the tenant's performance according to the terms of the rental agreement

collect bounce check bank charges that are past due

click for the full quiz...

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How to create an LPA account with a username and password.
Easy step by step instructions

click to see the video
Video length: 4 min. 4 sec.

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Essential Landlord Form

"It is far better to have no tenant than to have a bad tenant."

I've been asked dozens of times in the last year to create a new form to help landlords ask the right questions on the telephone to help determine if the caller is someone you'd like to set an appointment to show your rental to. The LPA's new Tenant-Finder™ Pre-Screening Telephone Worksheet has developed from a simple prospect card into a handy and more complete screening tool for telephone interviews.

Limited Time Only: Free Download for LPA Newsletter subscribers.

Tenant Finder™ Pre-Screening Telephone Worksheet

Have you ever met prospective tenants at your rental property, shown it to them, had them fill out a rental application only to find that they were nowhere near qualified? A simple pre-screening telephone interview can be a major time saver. Why not focus your attention on the most qualified prospects?

Before giving out the address of your rental property and committing your time to a doomed appointment with an unqualified renter, you have a chance to more carefully evaluate which prospects are worth meeting with.

I feel very strongly about strict tenant screening, which begins at First Contact with the tenant. First Contact is when you speak with the potential tenant for the first time, usually when they respond to one of your rental ads. At that point, you have the opportunity to learn what you can about this person's current situation. Are they employed? Can they afford your rental? Do their moving dates correspond with your rental's availability? Is their credit rating acceptable? And so on.

After completing your Tenant-Finder™ Pre-Screening Telephone Worksheet, you can use the scoring area to evaluate your new prospect. Print up a pile of them to screen your next tenant!

Eliminate bad tenant risks before spending your valuable time on them.
"Eliminating a bad tenant before I even have to meet him is what I consider the cheapest eviction I can have!" - John@theLPA

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HOLIDAY SPECIAL

FREE
LPA Membership Year

Order a 5 year LPA Membership and get the 6th year Free!
Includes the LPA Forms disk and immediate download access.
Offer Valid until 11/30/09!
(For only 9¢ a day - you get the edge on tenants for 6 years!)
Happy Thanksgiving!
Sign me up for 5 and give me 6!

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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
Please try to keep your questions as short and to the point as possible.

Dear Mr. Reno:
I have a tenant whose lease expired and is currently month to month - his roomate moved out and now he is only sending me half of the rent. In the past I have brought tenants to court and they do not show up. I am stuck paying the attorney and court costs on top of the fact that I am out the money. What can I do to recover non-payment? Is there anything?! I live in the Pro-Tenant State of NJ.
Thank you,
Carrie

A: Your first priority is getting him out. Then you can turn the rent spigot back on. After that worry about chasing after him. Start the eviction today.

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FREE LPA Gift with Book Purchase!

Click here to order Dani Babb's Book, The Accidental Landlord

Fellow LPA Member, Dr. Danielle Babb is a national real estate expert and author of the new Landlording Book, "The Accidental Landlord".

Get your copy now... with a FREE BONUS! from theLPA.com

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Where's the Rent?
Tenant Excuses

"You waited too long to cash my check, so I spent the money with my debit card! It's your own fault." I deposited this tenant's rent along with my other rents on the 4th of the month. Doesn't she keep track of the checks she writes before spending what's in her account? How can this be my fault? I have to charge a bounced check fee. Thank you LPA lease. - Gabriella in IL

"I thought if I kept quiet, you might forget about this months rent payment." - Yeah, I see.... the eviction notice got your attention, huh? - Faith, Levittown, NY

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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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SPECIAL BONUS FORMS DISK
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!

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NEW SITE FEATURE: PICTURES!
Worth A Thousand Words!
The LPA's Rental Advertising division,"Landlord's Corner" allows you to include up to 6 pictures (thumbnails and full size pictures) in each rental ad.

(UNLIMITED FREE ADS come with LPA membership!)