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Landlord Newsletter November 27, 2012 |
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Dear Fellow Landlord, At the recent OREIA (Ohio Real Estate Investors' Association) convention, I had the pleasure of meeting a number of great national real estate speakers and friends as well as some very important business people pertaining to real estate investing, real estate owning and property management. From time to time, I'll be including helpful articles and tips from these experts in our newsletter! Below, I've included some helpful information from Tim Norris of National Real Estate Insurance Group as well as a few other articles! Enjoy! 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. Negligent tenants can cook more than your goose  National Real Estate Insurance Group’s liability and personal property Investor Protector plan.The biggest threat to your investment property has always been and will always be your tenant. Every year, over 200,000 homes are destroyed by kitchen fires, careless smoking, and candles. More than 60% of Property claims are caused by negligent tenants, totaling hundreds of millions annually.*National Real Estate Insurance Group has prepared the best supplemental property coverages for you in the nation. Our Investor Protector plan could pay your loss of rents and repair your damaged property (or reimburse your property deductible) with a $25,000 total limit per occurrence. It’s not unusual to see these losses exceed $10,000 or more. As an added value, this plan also provides your non negligent tenant(s) with $2,500 of personal property coverage, making you a hero. Take a gander at our Investor Protector plan today! It’s easy, affordable, and provides great peace of mind to you and your tenant. Go to investorprotectorplan.com or contact us at 888-741-8454.
FREE Form Download Educate your tenants about mold and mildew maintenance and care. Most tenants don't think about mold or mildew until it becomes a problem to complain about. There are different types of mold and mildew and can usually be avioded with proper climate control and cleaning. The Mold Addendum will emphasize the importance of avoiding mold and mildew and also places the responsibility and liability on the tenant for damages and expenses resulting from mold and mildew neglect. Signing this form in addition to the lease will place a duty upon your new tenant to protect your property from mold.  FREE DOWNLOAD EPA MOLD Booklet "A Brief Guide to Mold, Moisture, and Your Home", for Landlords and Tenants
A Brief Guide to Mold, Moisture, and Your Home. This booklet from the EPA tells you and tenants what you need to know about mold and how to treat it. You can view the entire booklet here through Adobe Acrobat Reader. You can also print it on normal letter size paper and put the booklet together. After printing, you can also reproduce larger quantities of it on a copy machine in color or in black and white. Click here for Spanish version Landlord Tip
Landlord Screening Tip:When screening an applicant, ask for a copy of a picture ID or drivers license. Make sure the person in front of you is the same person on the application and credit report. - The LPA 
John Reno also does Mortgage Loan Modifications (Nationwide). Dear Mr. Reno: A: The lease is enforceable. There's nothing preventing a landlord from selling, as long as the new landlord abides by the lease. If this tenant thinks that gives him the right to not pay, he'll find out the hard way he's wrong. If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
(LPA Members Only) 
Have you ever been beaten by a tenant on the rent? Credit bureau reporting is an option in which many modern landlords are beginning to participate.... Click here for the full article
Wealth Secrets and Quotes"A mind streched to a new idea never returns to its original dimension." - Oliver Wendell Holmes "Most people struggle financially because they take advice from sales people, not rich people." - Robert Kiyosaki "The best way to avoid tenant problems is to avoid problem tenants."
- John Nuzzolese
 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! What are people saying about The Landlord Protection Agency? |
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