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Landlord Newsletter May 26, 2010 - Late Fee Due




















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The LPA Newsletter

Dear Fellow Landlord,
If you don't already have the Notice of Late Fee Due, please download it and save it to your computer. Also be sure to check out the perks with Quick Check Credit Reports below! I hope you enjoy the newsletter, and Thank you again for supporting The LPA!

In this issue:

  • Article: 14 Really Stupid Things to Say to a Prospective Tenant
  • Ask the Attorney,Real Estate Attorney, John Reno
  • FREE FORM DOWNLOAD: Notice of Late Fee Due
  • Great 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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14 REALLY STUPID Things to Say to a Tenant Prospect

We always try to say the right things during the rental process, but sometimes the prospective tenants hear something that scares them off. Most savvy landlords know what to say and what not to say, but amazingly, people still say stupid things to prospective tenants. Here is a helpful and sometimes humorous look at what I have personally heard landlords say to prospective tenants.

  1. Discriminatory Statements or Questions can get a landlord into serious trouble as they are a violation of civil rights and the Fair Housing Act.
    • "I don't think you'd be happy here. This is an all ___(race, religion or nationality)__ neighborhood."
    • "I can't stand the smell of that kind of cooking."
    • "Are you two people gay?"
    • "I only rent to married couples. I need to see your marriage license."

  2. "I want the rent in CASH."
    Statements like this can lead the tenant (often correctly) to the conclusion that the landlord is not reporting the rental income to the IRS. If and when push comes to shove, tenants love to threaten that they will report you to the IRS for tax evasion.

  3. "I live in Beverly Hills."
    Don't brag to a tenant about where you live.
    • They should not know where you live.
    • They do not like to hear about how well off you are and how their hard earned rent is paying for your mansion and car.

  4. "My last tenant owes me 6 months worth of rent, plus I lent her some money when she got in trouble. How can you ignore someone who comes to you for help, ya know?"
    This kind of statement invites your new tenants to use you as their new ATM when things get tough.

  5. "My previous tenant is suing me for her security deposit."
    Why in the world would you share this information with a prospective tenant? It sounds like you are in the habit of not returning the security money.

    Famous last words...

  6. "Do whatever you like to the place. I'm sure whatever you do will make it even nicer."

  7. "If you have a problem with anything, let me know. I'll fix it."...

    Click to read more STUPID Things NOT to Say to Tenant Prospects

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    How many times have you received late rent without a late fee?

    FREE DOWNLOAD
    Notice of Late Fee Due

    This simple form reminds the tenant that the rent was paid late and that a late fee is still due.

    Pay the late fee too!Some tenants may honestly forget their agreements in the lease and need to be reminded. Many tenants like to test the landlord, especially in the beginning of the lease term- just to see how far they can go. This is when we must be vigilant and notify the tenant immediately of overdue rent and the late penalty. It is very common for the tenant to pay the rent a few days late and conveniently forget the late charge. They may think that we'll conveniently forget also, or be embarrassed to ask about the late fee.

    Most tenants feel that we should appreciate the very fact that they paid their rent at all. They may be hoping we're too timid or afraid to enforce our agreed lease terms. It is imperative to notify tenants immediately of penalties due.

    Past due penalties can become added rent, which can put their lease in default status. We want to help them keep their lease in good standing. We want to help them keep their word and their signatures in good standing, too.


    FREE DOWNLOAD

    enforce your lease. Collect your late charges.Notice of Late Fee Due

    Late fees are an incentive to pay rent promptly. They are an excellent way to train a tenant to prioritize the rent payment. Never hesitate to collect your late fees!



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    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.

    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:
    We are brand new landlords. We are thinking about renting a home to a boyfriend and girlfriend who separately do not have the income, per their rental application to afford the rent. How do we ensure that we make BOTH PARTIES liable for the monthly rent? What happens if they break up mid-year and one person can’t make the rent. Is it enough to have both parties names on the lease agreement?
    Jill, NY

    A: Yes, that is enough to make them both fully liable for the rent. There is that risk you allude to, but don't forget, married people separate too, so get their employer information. You may be doing a wage garnishment in the future.

    Dear Mr. Reno:
    It has been brought to me by neighbors, that they have smelled marijuana coming from the back yard of one of my rental units. The unit is rented a mother and teen age daughter. In addition, it has been observed during the hours that they are not home, an endless stream of teens/adults going through the backyard into the garage. This happens at all hours of the day! Today, one of the neighbors observed 9 teen males going into the backyard and garage of the unit for hours on end. It should be noted that these individuals appear to be 'friends' of the daughter. My question ... in California, can I give a 30 day 'non cause' eviction notice? I sincerely appreciate your advice!!!
    Brian G, California

    A: You left out the most important piece of info. What about the lease? (I hope it's month to month.)

    Read more from John Reno, Eviction Attorney





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    Great Tenant Excuses

    "Sorry, but I didn’t know how to contact you.."
    She has been renting from us for over 10 months and every piece of correspondence, including the contract and all receipts for rent paid provide five specific ways to contact us. Some people are just not quick thinkers when it comes to spontaneous lying. - Tom, Rockwall, TX

    "You can't get blood from a stone."
    He proceeds to slam the door in my face and calls the police to tell them I was harassing him. The police came and told me to leave him alone and have no contact with him. I filed an eviction notice and it took two more months to get rid of him and I lost three months rent. - Marti, Kerhonkson, 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

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    Heads Up! E-Mail Notices and Reminders Collection
    FREE New Feature for LPA Members!

    Heads UP! Email RemindersWith more and more landlords taking advantage of free and low cost advertising such as Craigslist and other online options, many tenants and landlords establish their relationship online and continue to communicate by e-mail.

    Banks do it, utility companies and management companies do it, and you can too! You don't need a complicated program to be able to send your tenants a simple e-mail reminder notice. You can simply copy and paste these Heads Up! E-Mail Notices and Reminders into your e-mails and send them as needed.

    You can easily customize the existing notices for your tenants and even create new ones for other situations.

    The fact is, e-mail reminder notices are effective. In today's society it is often easier and faster to reach someone by e-mail than by phone or postal mail. The simple reminder of a payment coming due or other obligation can sometimes make all the difference.

    Please keep in mind that The LPA does not suggest these email notices as a replacement for printed official forms and notices. Official notices should be served to the tenant legally as described in your lease agreement, usually by certified mail and/or personal service. The e-mail reminders are merely a "Heads Up!" Friendly E-mail Reminder to let the tenant know of an upcoming event such as:

    • #1 Heads Up Pre-Rent Due Date Reminder
    • #2 Heads Up Rent Due Reminder
    • #3 Heads Up Early Discount Reminder
    • #4 Heads Up Rent Past Due Reminder
    • #5 Heads Up Renewal Reminder ...

      click for the complete article...


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      Not only is Danielle Babb one of our county's most knowledgeable real estate analysts, she also shares excellent landlord information and advice in her book, "The Accidental Landlord". Plus she's a super nice person! - John Nuzzolese

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      Electronic Rent Collection

      LPA members have been asking me for a while now about how to set up automated rent payments with their tenants. I’d like to bring your attention to “ClearNow, the leader in electronic rent collection.” ClearNow enables you to have your rent automatically withdrawn from your tenant’s bank accounts and directly deposited into your bank account.

      If you haven’t done so already, please check out …



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

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