The LPA Newsletter, Top 10 Landlord Goof-Ups |
June 4, 2013 Dear Fellow Landlord, What if you could save yourself from some very bad experiences and many thousands of dollars simply because I made some embarrassing mistakes and told you about them? They say the best lessons come from painful, costly experiences. No one ever said it had to be your pain. You can learn lessons through OPE (other people's experience), so that you can avoid these problems in your life. Below, I share some of my "Goof-Ups" to put it lightly. I hope you like it. 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. "95% of tenant problems can be eliminated in the screening process." - John Nuzzolese
If I shared all my mistakes as a landlord in one article, you'd get tired of reading it before the first hour, so I'm limiting it to only ten big mistakes that made me want to kick myself. Some of my mistakes are very common to many landlords, but most are the result of me trusting the wrong people. In this business of being a landlord, we eventually learn that trust has to be earned. We just shouldn't trust everyone we meet.
Below I've listed "10 Landlord Mistakes to Avoid" that happened to be important lessons for me in becoming a better Landlord!
click for the full articleFree Tenant Pre-Screening FormInclude it in your Craigslist & other online ads! I do.
This handy prospect card gets you the pre-screening answers that you need to know before deciding whether or not to set an appointment with a prospective tenant.
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). Dear Mr. Reno: A: She's not a signatory & therefore not liable, but can be evicted for non-pay. Get going. If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
Have you ever been beaten by a tenant on the rent? Most of us have and unfortunately, it is one of the costs of doing business as a landlord.
Credit bureau reporting is an option in which many modern landlords are beginning to participate. The LPA recommends tenant and credit reporting to our members.As landlords ourselves, we do not believe tenants should get away "Scott Free" for leaving their landlord with a mess of unpaid rent, damages and other unpaid responsibilities. The prospect of reporting delinquent rent onto the tenant's credit record creates an incentive for the tenant to preserve his good credit, or to clean it up in order to some day qualify for a loan or mortgage. A delinquent landlord debt is a serious mark against a consumer tenant's credit report for seven years and will likely: Notifying the current or former tenant that you intend to report their rental debt or payment history can be done in the following ways: Credit Reporting Disclosure Notice , or Credit Reporting Disclosure Notice to Former Tenant For The LPA's Tenant Reporting, click here
Like and Dislike Buttons! The LPA LAndlord Q&A Forum
Now you can rate the feedback to the questions posted by yourself and others! Your rating will show readers which answers were most helpful to you. Where's the RENT? Tenant Excuses"We heard you were going to be away for a couple of months, so we figured we'd give it to you when you get back." My 3rd grade son mentioned in school that we may be going to Disney World. He'd like to stay there for a "couple of months". The brilliant Tenant's son overheard. - Marshall M., NY "Just because you are aaaaasking for it .....AGAAAAIN- doesn't mean I'm gonna have it OK!?" I'm not even going to bother with a witty comment. My lawyer is serving eviction papers to this annoying thing. - Jack, NY "I left the house, am getting married and leaving the country, so I'm not paying the rent." What he really meant to say was he's on the run from the law because he used the house as a drug stash house, 2054 lbs of pot. With my help he's now in jail. - Ken F.
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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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