Landlord Newsletter August 10, 2010 - Quick Quiz

Dear Fellow Landlord,
Enjoy the newsletter ... and thanks again for supporting The LPA!

In this issue:

• Article: Landlord Hard Times
  
• Landlord Quick Quiz
  
• Ask the Attorney
  
• FREE Lease Renewal Form
  
• Wealth Secrets & Quotes
  

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

Author of House Investor's Manual

The reluctant landlords are renting only because they can’t sell or the prices in the current market won’t allow them to recover their costs or make a profit. They plan to continue until the market improves and then they will be gone.

The majority of our landlords are not enjoying a positive cash flow. The mortgage payment is greater than the rent they are receiving, plus they have taxes, insurance, maintenance, and management fee costs...

Click to read the full article

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?

a) Rip it up and say goodbye
b) make the changes the tenant wants as long as they are legal
c) reduce the late fees
d) reduce the rent but keep the late fees

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

a) The LPA Lease
b) The LPA Rental Application
c) LPA Prescreening Prospect Card
d) authorization to run a credit report

3. A security deposit is primarily to:

a) cover the last month of rent
b) hold the rental until the tenant decides to rent it or not.
c) secure the tenant's performance according to the terms of the rental agreement
d) collect bounce check bank charges that are past due

click for the full quiz...

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.

"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

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,
  
• NO membership fees,
  
• NO compliance fees
  
• Just lower prices!

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.
ALL FREE with LPA Membership!


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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