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Landlord Newsletter February 2010

Dear Fellow Landlord,

In this issue:

12 Sure Deal-Breakers When Screening a Prospective Tenant
FREE Download- Essential Form: Early Occupancy Addendum

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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12 Sure Deal-Breakers When Screening a Prospective Tenant

If you are a discriminating landlord, you surely have a number of conditions on which you will disqualify a prospective tenant. As long as you discriminate legally, and not against any fair housing laws, we may share the same "Deal Breakers" below. Please let us know if you have any "sure deal-breakers" not listed.

Bankruptcy
Do you know what a person has to go through before deciding to declare bankruptcy? It can sometimes be years of dodging creditors and bill collectors. It is a process that teaches an individual how to get around paying creditors. It is not a pleasant experience, and it usually educates and hardens a person towards all creditors.
I don’t mean to say people who have gone bankrupt are not nice people or will not be good tenants! I mean to say that I prefer not to rent to people who are well educated on filing bankruptcy and are not afraid to damage their credit.
Prior Eviction
Any tenant who has been evicted probably has very bad credit and may feel confident in gaining a few months free rent in an eviction should the need arise.
Criminal History
I’ve been asked by a few landlords, “Am I allowed to discriminate against someone with a criminal history?” Of course you can! Yes, it is legal to decline an applicant because they have a criminal record.
It may not be politically correct to decline criminals, but Criminals are not a protected class…. Yet.

No Money
Are you a landlord who needs to collect the rent?

click for the full article...

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New Essential Form - Free Download
Early Occupancy Lease Amendment

"Can we have the keys a few days early?"

How often do your new tenants ask if they can have the keys a few days before the lease begins?

Many landlords are only too happy to start off on a good note with their new tenants and gladly grant them early possession.
But wait! Are you getting paid for those days? Many landlords don't even think about what those free days are worth. (If you prorate the monthly rent by dividing the rent by 30 days, you'll get the daily amount per day) - On the other hand, the tenants may be doing you a favor by taking the property "a few days early" by getting the utilities into their name instead of yours.

More importantly, many landlords don't even realize the ramifications liability-wise when the they allow tenants to pre-occupy the rental before the lease begins...

Click for the full article

Please download a free copy to add to your arsenal of landlord forms!

Free Essential Form Download
Limited Time Only for LPA Newsletter subscribers.
Early Occupancy Addendum

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FREE BONUS - FORMS DISK
comes with all 2 - 5+ year LPA Memberships
Be a more powerful landlord - able to handle just about any landlord / tenant situation in a professional way, saving you time and money. Includes the Essential Forms and Free Forms collections in MS Word and alternate formats.
Over $507.00 of specialized landlord forms if purchased individually!
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Yes, this offer also applies to LPA membership renewals!
Having all the forms all on disk is a handy time saving convenience.

For additional information, visit us online at The Landlord Protection Agency

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FREE LPA Gift with Book Purchase!

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

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Wealth Secrets and Success Quotes

"It is better to have NO tenant than it is to have a bad tenant." - John Nuzzolese

"When you change the way you look at things, the things you look at change. - Wayne Dyer

"People with goals succeed because they know where they are going... It's as simple as that." - Earl Nightingale

"Too many of us are not living our dreams because we are living our fears." - Les Brown

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

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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!)