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Landlord Newsletter May 10, 2011 - Free Forms |
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May 10, 2011 
In this issue:
Please e-mail us if you have any questions or would like to add or share any material / information. The Secret Career Killer Facing Real Estate Investors So, you want to be a real estate investor? You are probably thinking the way I did when I started as a real estate investor. I thought the most important objective was to buy as many properties as possible. Well, I was only half right. As an investor in residential real estate, being able to purchase properties that will allow you to make money is paramount. While there are various methods you can use to make your real estate fortune, the two most common plans are quite simple. Buy and flip. This is when you purchase a property and sell it for a higher price. Many investors will find "Handyman Specials" or "Fixer Uppers" at a low price to improve and sell at a higher price. Sometimes you are fortunate enough to find an excellent opportunity requiring little or no work, only to resell for a quick and easy profit. Although this is a common way to make money in real estate, many investors choose not to sell their investment property. Buy and hold. This is when the real estate investor becomes a landlord in order to enable the investment property to generate income. Holding onto the property is also a way to allow the investment to appreciate in value over time. Why? The demand for residential real estate continues to grow and people are willing to pay top dollar for a place to live. What can be better than that? You have an asset appreciating in value plus you also have a tenant to pay your expenses on the property. You may even have a positive cash flow. So what is "The Secret Career Killer Facing Real Estate Investors"? Before I answer that question, let me ask you,
Free Download: What is a Mortgage Assignment? Click here to download Phil Grove’s full PDF guide Video 1: The Mortgage Assignment Strategy 15:49 Video 2: Finding Mortgage Assignment Deals 33:10
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: This is a frequent problem, without a good solution. I'm assuming your lease limits occupancy to one person. So send a letter explaining that this is a lease violation. Then a stronger letter, if necessary, threatening to cancel the lease. If that doesn't work, you have a decision: Is it worth going to war over this? Foreword by John Nuzzolese  Tenant Screening Toolkit, By Kim Herbel
One of the most important elements of being successful as a landlord is the practice of proper tenant screening. As a landlord herself, Kim Herbel has learned and mastered the art of qualifying good tenant prospects and eliminating bad ones. The book supplies helpful forms and links to fully prepare the reader with everything needed to screen a tenant. By screening carefully, you will find why I always say, "95% of tenant problems can be eliminated in the screening process!" -John Nuzzolese, President of The Landlord Protection Agency Kim offers a special 10% off discount coupon code for LPA members and guests, in the book checkout process! Use coupon code: "LPA." 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". Foreword by John Nuzzolese.
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! Dani & The LPA offer a special coupon code (found in the book) for purchasers of the book to save up to $30.00 in The LPA Membership checkout process!
Wealth Secrets and Success Quotes"A fool and his money are soon parted." "A wise man knows he has much to learn. A stupid man thinks he knows everything." "DON'T RENT!! if you're not willing to screen tenants carefully. It's just not worth it." - John Nuzzolese "Without knowledge and a workable plan, you are gambling, with little or no chance of success." - Robert G. Allen "How much did your last tenant problem cost you? Your LPA membership will pay for itself by helping you avoid the smallest tenant problem." - John Nuzzolese
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!
Fellow LPA Member, Dr. Danielle Babb is a national real estate expert and author of the new Landlording Book, "The Accidental Landlord".
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. 
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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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