Landlord Newsletter August 2010

Dear Fellow Landlord,
(I have to apologize for the broken download link in the previous version of this newsletter! Thank you to every one of you who called or emailed for a copy of the form. SO, in this version, I ADDED ANOTHER FREE Late Notice form for you to download as well.
Again. I'm sorry for the goof! Thanks!)

Most of you already know Danielle Babb is a top real estate author and one of the country's top real estate analysts on Fox Business News, CNN, etc., but did you know she is also a landlord herself, and an LPA member as well? In this newsletter, she shares her thoughts as LPA Landlord of the Month.

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:

• LPA Landlord of the Month: Dani Babb
  
• 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

Dani is the author of a number of books written to help individuals succeed in business, including, "The Accidental Landlord".

Landlord Since 2000
State: AZ, TX, CA
Property Type: Duplex & Single Family Houses

How I Got Started

Philosophy of the Working Landlord

How I Do It

The Lease...

Tips on the Landlord / Tenant Relationship

Click to read more...

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

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 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! ANOTHER FREE DOWNLOAD Notice of Past Due Rent This form is a friendly non-intimidating first notice to alert the tenant that the rent is late and that a late fee may also be due. This is not to be confused with The LPA Late Charge Due Notice, which is to help you collect the unpaid late fee after you have already received the rent. The Notice of Past Due Rent also provides a reminder for the late charge as well along with the daily late fees.

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.

"I was denied making rent deposit into your account at the Bank, and the next day I was robbed when I left the money that I hide in my car." - Tony De Jong

"We are waiting for child support check to come whenever it gets here we'll pay you some." (for tenants 4 kids that neither her nor children were disclosed as residents only 4 adults and one teenager on lease at time of rental) UGGHHH along with vicious dogs and a lawsuit with neighbor tomorrow for dog bite and assault as result!!! DOGS NOT ON LEASE EITHER!!! I am going to be forced to evict... no rent money, troubled animals, extra occupants!!! What a nightmare. - Natalie, WV.

"Its not fair! You are charging less rent to the other apartment. You're ripping me off! I'm going to sue you if you don't lower may rent." It is none of your business what my other tenants pay. Now you owe late charges too, idiot. - Theresa L., Tustin, CA

The LPA's Newest Credit Report Affiliate!

Quick Check Credit Reports, Inc. is proud to announce its affiliation and partnership with The LPA in helping landlords protect their interests by better screening tenants at lower costs!!

• NO sign-up or set-up fees,
  
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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

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.
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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.

LPA members: FREE!

1. Be logged in with your LPA username & password
   
2. On the "Main Menu" (top right), click on "Your Orders" (right below your name)
   
3. The beginning date of your membership will be listed to the left of your membership order # in this format: YYYYMMDD
   

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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