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Landlord Newsletter September 7, 2011










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The LPA Newsletter
September 7, 2011

This quote says it all, doesn't it?
"Without knowledge and a workable plan, you are gambling, with little or no chance of success." - Robert G. Allen

In this issue:

  • 3 Mistakes Landlords Make by Drew DeMasters
  • Landlord Tip
  • Ask the Attorney, Real Estate Attorney, John Reno
  • Wealth Secrets & 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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Are You Making These 3 Mistakes?
By Drew DeMasters
Real Estate Author Drew DeMasters

Three common mistakes often trip up landlords. But if you find yourself caught in one of these, there’s hope!

Mistake #1 – Not protecting yourself

Do you have an iron-clad credit check, background check and rental agreement that you put all applicants and new residents through? If not, stop reading right now and go to a reputable site like The LPA to download the forms and sign up for tenant screening services.

Whether you've just bought your first rental property or own 20 houses, you have to protect yourself. Everything else pales by comparison! You want to 'stack the deck' in your favor of finding, keeping and making more money with great residents in your properties. And don’t skip a step; there’s too much at stake. Always run a credit report, a background check and use a thorough rental agreement with all the detailed clauses about your policy on waterbeds, roommates, pets, smoke alarms, etc.

Mistake #2 – Not recognizing you are in the relationship business

You are not in the rental business or the property management business. As a landlord, your #1 priority should be ....

Click to read the full article by Drew DeMasters



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Landlord Tip

Prepare your tenant
To avoid an unprepared tenant at the lease signing, be sure to instruct him on what to bring with him beforehand. We like to always require the tenant to bring a copy of his driver's license, social security card, and the balance due in certified funds, money order or cash. Also, if there are any other adjustments, we'll advise them at that time. - Lou, BVR Management

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Ask the Attorney

The Landlord Protection AgencyThe 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:
After expired lease, tenants have moved out, notice of no return of Security Deposit and many expenses later..they are requesting copies of leases and lead disclosure form, do I need to comply?
Melissa, Green Bay, WI

A: I wouldn't. They're grasping at straws. Why give them something to grab on to?

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.

Read more from John Reno, Eviction Attorney



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Wealth Secrets & Success Quotes

"Our greatest glory consists not in never falling, but in rising every time we fall." - Confucius

"Believe you can and you're halfway there." - Theodore Roosevelt

"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?" - John Nuzzolese

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Did You Know...?
If you ordered any LPA forms in the past 60 days, the LPA will credit back to you the cost of those orders when you email us your new LPA Membership order #.

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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".

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

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