Dear Fellow Landlord,

In this issue:

• 10 Question Landlord Quiz
  
• The Security Deposit Settlement Statement
  
• Ask the Attorney, Real Estate Attorney, John Reno
  
• Tenant Excuse of the Week
  

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

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 here for the full quiz...

The Landlord Protection Agency® presents 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!)

Dear Mr. Reno:
I have a tenant that has lived in my property for 18 months. The lease was for 12 months and at the end of 12 months I let it roll into a "month to month" which stipulates a 30 day notice is required to move.
On May 17th my tenant informed me that they would be moving at the end of June (more than 30 days notice) which was nice. They actually moved out on June 25th My question is: do I have to give them credit back for the 5 days because they moved out a little early (since technically it was after 30 days) even though they told me the end of June and that is what I planned on?
Thanks,
Laura C., San Diego, California

A: OMG! Is he asking for it? How is this an issue? The answer is "No". He doesn't get it. (CHEEZE!)

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.

The Security Deposit Settlement Statement may be used with or without a Move-In/Out Property Condition Inspection Report.

This form alone has enabled us to make valid deductions (saving us tens of thousands of dollars in damages over the years) from security deposits without a hassle from the tenants.

Don't get me wrong, we are not out to unjustly take security money from tenants! But when deductions need to be made, this form can be a miracle worker. Why? Because it itemizes valid deductions on paper in black and white and now becomes much more difficult for your former tenant to argue with the facts.

No more arguing with tenants about their security refund!

How about one of the most common mistakes that many landlords still do all the time?

Yes, meeting with the tenant for a walk through* to check the condition of the property and then hand over the security deposit. Often, there is a disagreement over whether the damages were the tenants fault or responsibility, right?
*(In California, tenants have a right to a walkthrough with the owner before moveout. See California Pre-Moveout Inspection

Isn't it an awkward position for you to be in when the tenant is a slob and did extensive damage and expects all his security back? Do you tell them that they are slobs? Most of us are glad just to see the tenants leave so we can clean up the property and get better tenants next time. How often do you walk away from that meeting feeling disappointed? ...

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
   

If you haven't already, please take the opportunity to sign up for The LPA's Quick Check Credit Reports! Quick Check is a simple, fast way to access online credit reports while saving you money!

Just lower prices!

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


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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".

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! - John Nuzzolese

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New Landlord Tenant Screening Book!
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!" ... and Thank you Kim, for the opportunity to write the foreward in your book! -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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Introducing Help Me Rent Magazine!

Help Me Rent Magazine is a revolutionary, free publication that provides a new, dynamic online and print advertising arena for landlords.

Help Me Rent Magazine enables landlords, property owners and realtors to place classified listings in an online and regional print format magazine in 32 markets and 18 states nationwide, with 350,000 in circulation. The online portal and print magazine collectively provides a benefit by greatly extending the exposure of your listings. A significant component of HMRM is being an integral and critical tool to effectively advertise vacancies in order to fill them rapidly with satisfied renters.

Help Me Rent Magazine is more than just a rental listings magazine, it’s a lifestyle and renter focused publication that will ensure the readership will be larger than people just looking for a rentals. Help Me Rent Magazine will continue to vigorously target renters with their enclave of Promotional Contests and Social Media Giveaways to enhance the viewership.

click here for the full article

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LPA Members, Interested in past LPA Newsletters? Feel free to view the LPA Newsletter Archive

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