Landlord Newsletter Jan 25, 2011 | Condition Report

Dear Fellow Landlord,

In this issue:

• The Importance of a signed Property Condition Report
  
• Ask the Attorney, Real Estate Attorney, John Reno
  
• Moveout Instructions Reminder Letter - Free Download
  
• "Successful Landlord Wealth 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

The Condition Inspection Report may be used with or without a Security Settlement Statement, but I have had better success using both together.

This document is not only a complete condition checklist at Move -In and Move - Out, signed by the tenant at move -in, it also puts the tenant on notice that the condition has been documented, dated and acknowledged. It is very important for the landlord to establish the condition of the premises before the lease begins and after the term ends.

It will be very difficult for the tenant to argue the facts noted on this form which is signed by them!

Video and Photo reminder: Tenants are reminded that the premises may have been photographed and video taped prior to occupancy and also upon vacancy.

Includes a Security Settlement section to calculate any deductions

Using The Condition Inspection Report along with the Security Settlement Statement will afford maximum landlord protection. As long as your charges are legitimate and conform to your lease agreement, it is very unlikely that any deductions will be challenged by the tenant.

The Landlord Protection Agency® is proud to introduce John Reno, Esq., a highly experienced Landlord - Tenant attorney based on Long Island, NY.

John Reno also does Mortgage Loan Modifications (Nationwide).
(Mention The LPA for a 10% discount!)

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:
Our city does not allow water bills for rental homes to be in the name of the renter, only in the name of the owner. We received a notice that if the water bill was not paid, the city would take us to court. The signed lease to the tenant states that they are responsible for all utilities, including water. If the water bill is not paid by the tenant, what recourse do we have?
Paul B., Illinois

A: Well that's a bad situation but I guess you'll have to pay the water bill and then take it up with the tenant. In some cases you can evict for utilities but it depends on your lease and local rules. At the very least you could go to small claims court and maybe see Judge Judy.

FREE DOWNLOAD Move Out Instructions Reminder Letter This is one of my favorite forms because it saves me time and money when tenants move out according to our instructions. It is one of the LPA Forms that is often overlooked. We send this form to the tenants about a week or two before they vacate. It reminds them specifically of certain tasks and cleaning they should perform in order to get a full security refund. This letter instructs the tenants how to lock up and secure the rental until it can be inspected by the landlord/management, and also where and how the tenants should return all keys. We have found this form to be very effective in helping tenants to be more cooperative when they are moving out.

Like and Dislike Buttons!
For the LPA Landlord Q&A Forum!

Now you can rate the feedback to the questions posted by yourself and others! Your rating will show readers which answers were most helpful to you.

"God made the Idiot for practice, and then He made the School (or CONDO) Board." - Mark Twain

"The only thing worse than having a rental house not rented is having it rented to a bad tenant." - John Nuzzolese

"How much did your last tenant problem cost you?" - John@TheLPA

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!!

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FREE LPA Gift with Book Purchase!

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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Not only is Danielle Babb one of our county's most knowledgable real estate anylists, 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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Having all the forms all on disk is a handy time saving convenience.

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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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