|Landlord Newsletter February 2012 | Landlord Tips|
Dear Fellow Landlord,
In this newsletter:
Please e-mail us if you have any questions or would like to add or share any material / information. Have a great month and an even more successful year ahead.
Have you ever been frustrated because a tenant failed to return a signed copy of your notice of:
Here is the clause to insert into your LPA Notice of Rent Increase, Lease Update - Change of Terms Notice or Lease Renewal so that when you issue a notice, it will still be enforceable even if the tenants don't return a signed copy to you. Just remember it is best to serve all official notices in person or by certified return receipt mail with the proper notice period according to your lease or state landlord tenant law.
1. Understanding the need for quality tenant screening
A crucial aspect of screening tenants involves using a good rental application and other forms that focus on determining how qualified the applicant is while legally protecting the landlord. Forms such as the Tenant Finder Worksheet and the Tenant Finder Qualifying Chart can be very helpful after you have verified the information given to you on the rental application.
I'm surprised at how many landlords don't actually make calls to check the references on the rental application! Once I had a landlord reference start laughing when I called. I asked what was so funny. He said, "I can't believe this guy was stupid enough to list me as a reference! He is being evicted as we speak." I highly recommend the Landlord Reference Qualifier as a tool for determining the integrity of the landlord reference the tenant gives you.
A two minute phone call can save you thousands!
The next step in verifying the references on the signed application that also includes authorization to verify the applicant's credit is to order a credit report. Landlords without access to pull instant credit reports are at a disadvantage when it comes to making timely decisions on accepting tenants. If you do not have access to instant credit reports, I recommend The LPA's credit report agency, Quick Check Credit Reports.
After a while in the landlord business, showing rental properties to many tenants, you tend to hear some of the same questions and statements again and again. The screening process is alive from the moment you first speak with your new prospects until the leases are signed and the money is paid, so you must keep your eyes and ears open for clues and telltale signs of whether your prospect is the right tenant for your rental
John Reno also does Mortgage Loan Modifications (Nationwide).
Dear Mr. Reno:
A: Yes, she should take your advice! (By the way, what was her plan to evict them BEFORE the court date? Are we talking heavy artillery?)
Dear Mr. Reno:
A: You seem to be headed in the right direction. You started a nonpayment proceeding. See how it goes and don't be such a pessimist.
If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
$5., $10., or $15.!
*** Limited Time Coupon Codes: Click Here ***
Wealth Secrets and Success Quotes
"Discipline is the bridge between goals and accomplishment." - Jim Rohn
"It is better to deserve honors and not have them than to have them and not deserve them." - Mark Twain
"I know God won't give me anything I can't handle. I just wish He didn't trust me so much." - Mother Teresa
"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
Did You Know...?
If you ordered any LPA forms in the past 15 days, the LPA will credit back to you the cost of those orders when you email us your new LPA Membership order #.
Take Advantage of our low Renewal Prices!
How to Check your LPA Membership Expiration Date:
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!
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