|Landlord Newsletter May 2011|
FREE Sign Up
May 3, 2011
Dear Fellow Landlord,
In this issue:
Please e-mail us if you have any questions or would like to add or share any material / information.
By John Nuzzolese
Many landlords are so afraid to evict a tenant that it costs them far more in the long run that it would to just bite the bullet and go through with a legal eviction.
Let's face it. Evictions are not a pleasant part of the business. Collecting rent on time is. Having your rental property cared for by a tenant who pays the rent is essential to being a successful landlord. But what about when things don't go so well? When tenants don't abide by the agreements made in the lease?
I always say, "It is better to have NO tenant, than it is to have a BAD tenant." I say this because I would rather have an empty rental property than one with a deadbeat loser who:
Most landlords can't afford to be good samaritans who provide free housing. The rent needs to be paid or they will lose the property they worked so hard to aquire in the first palce.
So What Are The Top 5 Reasons Landlords are Afraid to Evict?
Eviction Court: Tenant is a NO SHOW!
by Knowledge Is Power Initiative Ltd. (www.kipny.com)
West 95th LP filed a small claims case against Cecilia Gullas seeking $5,000 in unpaid rent.
After the matter was postponed, Cecilia failed to appear on the rescheduled date and the Kings County Civil Court awarded her former landlord a judgment for the sum sought.
She later made three attempts to have the judgment vacated but wasn't successful because (among other things) her papers failed to offer a "reasonable excuse" for her earlier non-appearance.
On appeal, the Appellate Term, Second Department, thought that what was a "reasonable excuse" was within the trial court's discretion and, in any event, because her papers didn't show why her former landlord wasn't entitled to the monies in question, the judgment had to be left undisturbed.
That must have broken Cecilia's heart.
Ask the Attorney
John Reno also does Mortgage Loan Modifications (Nationwide).
If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
Dear Mr. Reno:
A: That would be the place to start. But as far as collecting, that's only the beginning - not the end - but you have to start somewhere.
Eviction Information Sheet
From time to time, we are faced with the unavoidable eviction. Personally, I feel we need to project to the tenant that we are unafraid of evictions and the costs involved. The tenants must believe we are ready to start the process promptly...
Please download a free copy to add to your arsenal of landlord forms!
Wealth Secrets and Success Quotes
"Freedom and Property Rights are inseparable. You can't have one without the other." - George Washington
"It is not the critic who counts; not the man who points out how the strong man stumbled or where the doer of deeds could have done them better. The credit belongs to he man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, at the best, knows the triumph of high achievement; and who, at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." - Theodore Roosevelt
"How much did your last tenant problem cost you?"- John Nuzzolese, The Landlord Protection Agency
Like and Dislike Buttons!
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.
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!!
FREE LPA Gift with Book Purchase!
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
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.
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.
LPA members: FREE!
LPA Membership Expiring?
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 …
Tips & Advice
Other Areas Q&A Forum
Landlord Tenant Law
© 2000-2013 The Landlord Protection Agency, Inc.