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Landlord Newsletter August 2012 |
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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!
Professional Back Rent CollectingKnowing the Process and How to Make Ex-Tenants PayOne of the unpleasant aspects of being a landlord is chasing after your rent money after the tenant has taken advantage of you and your rental property. Ever had that happen to you? I have, and I know many of you who have been through it too!
When I heard that, I thought about all the money I've been beaten out of over the years. I can envision some my ex-tenants sipping drinks while watching the sunset on a cruise paid for with I think we can all benefit from learning about how to collect back rents. All states have a Statute of Limitations which gives you time to go after money owed by a tenant, even after a few years may have gone by. Check out Cynthia and Gary Schmidt's website and Free Webinars. - John Nuzzolese
1) All landlords of residential property requiring security deposits prior to occupancy are required to deposit all tenants' security deposit in an account used only for that purpose...
FREE BOOK COUPON CODE: *** DANI *** I've been asked many times to create a form to help landlords ask the right questions on the telephone to help determine if the caller is someone you'd like to set an appointment to show your rental to. The LPA's Tenant-Finder™ Pre-Screening Telephone Worksheet has developed from a simple prospect card into a handy and more complete screening tool for telephone interviews.
Have you ever met prospective tenants at your rental property, shown it to them, had them fill out a rental application only to find that they were nowhere near qualified? A simple pre-screening telephone interview can be a major time saver. Why not focus your attention on the most qualified prospects?
Before giving out the address of your rental property and committing your time to a doomed appointment with an unqualified renter, you have a chance to more carefully evaluate which prospects are worth meeting with.
I feel very strongly about strict tenant screening, which begins at First Contact with the tenant. First Contact is when you speak with the potential tenant for the first time, usually when they respond to one of your rental ads. At that point, you have the opportunity to learn what you can about this person's current situation. Are they employed? Can they afford your rental? Do their moving dates correspond with your rental's availability? Is their credit rating acceptable? And so on.
After completing your Tenant-Finder™ Pre-Screening Telephone Worksheet, you can use the scoring area to evaluate your new prospect. Print up a pile of them to screen your next tenant!
Eliminate bad tenant risks before spending your valuable time on them. "Beware of the young doctor and the old barber." - Benjamin Franklin
"Try not to become a man of success but rather to become a man of value." - Albert Einstein
"How much did your last tenant problem cost you?" - John Nuzzolese
If you haven't already, please take the opportunity to sign up for The LPA's Quick Check Credit Reports!
Quick Check is a fast inexpensive portal to online tenant screening reports! How to Check your LPA Membership Expiration Date:
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© 2000-2023 The Landlord Protection Agency, Inc.
Recently, I've had the pleasure of getting to know a couple of the country's leading experts in the process of obtaining Bench Warrants and Judgments against delinquent ex-tenants. Cynthia and Gary Schmidt have bee Landlords for over 20 years, and have acquired 90 satisfied judgments and actually collected over $200,000 in back rent!
