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Landlord Newsletter May 10, 2011 - Free Forms










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The LPA Newsletter
May 10, 2011


Buying any homes in this market? I hope so. I was very impressed by Phill Grove's Mortgage Assignment Guide and his videos, so included links for you in this newsletter. Being a landlord doesn't have to be such a tough job, (if it was easy, everyone would be doing it), so I included my article on how to avoid the "secret career killer" for real estate investors and loandlords.

In this issue:

  • The Secret Landlord Career Killer?
  • Mortgage Assignment Guide for Investors
  • Ask the Attorney, Real Estate Attorney, John Reno
  • Free Landlord Form Download!
  • Wealth Secrets and Success 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


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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,

  • Q: What happens when you put investment properties together with tenants?

  • A: You get a landlord tenant relationship. I wish I realized the ramifications earlier.

click for the full article...


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Free Download:
Mortgage Assignment Guide for Investors
+ 2 Videos

by Phill Grove

What is a Mortgage Assignment?

  • The sale of a home where the loan(s)/lien(s) are assigned to a buyer in exchange for the deed (ownership).
  • Although virtually no loans are "assumable", anyone can make payments on anyone else's mortgage and as long as those payments are made, the lender will consider the loan to be performing.
  • In a Mortgage Assignment Sale, the buyer agrees to make payments on the seller's mortgage going forward in exchange for ownership of the property ...

    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

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    Landlord Tip with FREE Form Download

    Always supply a pre-written Tenant's Notice to VacateTenant's Notice of Intention to Vacate
    When executing a new lease, remember to staple an Intention to Vacate form on the back of the tenant's lease. Reminding the tenant to give proper notice and proper move-out procedure can make your life a lot easier when it's time to start looking for a new tenant.

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    Ask the Attorney

    The Landlord Protection AgencyThe 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:
    I suspect there is a second person living in the apartment that is not on the lease. How should I approach this situation? Also, there may be a noise level problem to add.
    Joseph W. Davis Jr., PA

    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?

    Read more from John Reno, Eviction Attorney



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    New Landlord Tenant Screening Book!
    Foreword by John Nuzzolese


    Tenant Screening Toolkit, By Kim HerbelTenant 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."






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    FREE LPA Gift with Book Purchase!

    Click here to order Dani Babb's Book,The Accidental Landlord 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.

    Get your copy now... with a FREE BONUS! from theLPA.com

    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!


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    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

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

    LPA Like 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.

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    Quick Check Credit Reports, Inc.

    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!

    Special Tenant Screening Discounts for LPA members. See our price list!



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    FREE LPA Gift with Book Purchase!

    Click here to order Dani Babb's Book,The Accidental Landlord Fellow LPA Member, Dr. Danielle Babb is a national real estate expert and author of the new Landlording Book, "The Accidental Landlord".

    Get your copy now... with a FREE BONUS! from theLPA.com

    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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    CD of landlord forms

    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.


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    NEW SITE FEATURE: PICTURES!
    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.

    (UNLIMITED FREE ADS come with LPA membership!)

    LPA members: FREE!

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    LPA Membership Expiring?
    Take Advantage of the Renewal Prices!

    How to Check your LPA Membership Expiration Date:
    1. Be logged in with your LPA username & password
    2. On the "Main Menu" (top right), click on "Your Orders" (right below your name)
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    NEW! Save Money with our Promotional Membership Renewal Prices!
    *Your Membership Expired? No Problem!



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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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