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Landlord Newsletter - Tenant Screening 10 Steps |
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Dear Fellow Landlord, "I'm not afraid to lose unqualified tenants. In fact, I try to." 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. 10 Steps from Pre-screening to Lease Signing 
One common question I am asked is, "Do you have a step by step breakdown of the steps for proper tenant screening?"
The flowchart bubbles are clickable to pages with more detailed information and links for that stage of the process. This landlord flow chart is a simple guide to take you through the steps from first contact with a tenant to signing a rental agreement.
Like a late rent notice, the LPA Dishonored Check Notice will inform the tenant that the rent check was returned for insufficient funds. It will ask for the balance due along with any applicable bounced check charges, late fees, and daily late charges as agreed in your lease. Remember, a bounced check can cause the rent to be extremely late, thereby placing you at a point in time where you may normally begin eviction proceedings, so it is important to jump on this immediately. The LPA recommends that you check your bank account often to discover bad checks as soon as possible.
The LPA Dishonored Check Notice also contains a check box for the option to inform the tenant that personal checks will no longer be an acceptable form of rent payment and that they must now pay the rent in the form of postal money order, certified bank check or cash (cash only if you collect rent in person). The LPA also recommends that when you send a notice like this to the tenant, it is a good idea to copy and paste the late fee and bounced check clause from your LPA Lease to the bottom of the form to show the tenant the penalty fees they agreed to in their lease.
John Reno also does Mortgage Loan Modifications (Nationwide). Dear Mr. Reno: A: Give it back. If you want to keep their deposits, you'll need a signed document acknowledging that it's non-refundable. (Even then, some small claims judges will still make you give it back.) If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question. (Offer also good for existing account holders when your renew or extend your LPA membership for at least 1 year) (OFFER VALID UNTIL 9/30/13) 
If you haven't already, please take the opportunity to set up your account for The LPA's Quick Check Credit Reports! There is no charge to have an account. You only pay for the reports you order..., unless it is a FREE promotion like this one. COUPON CODE: QC-LPA9-2013 (VALID UNTIL 9/30/13)
(LPA Membership FREE BONUS Feature) 
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
"Perhaps the very best question that you can memorize and repeat, over and over, is, 'what is the most valuable use of my time right now?'" - Brian Tracy "Failure to recognize my opportunities is the greatest mistake I made. " - J. Garrett "Being the richest man in the cemetery doesn’t matter to me... Going to bed at night saying we’ve done something wonderful... that’s what matters to me." - Steve Jobs "How much did your last tenant problem cost you?"
- John Nuzzolese
 Take Advantage of our low Renewal Prices! How to Check your LPA Membership Expiration Date:
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Rental Flow Chart: From Pre-screening to Lease Signing 
One fact of being in the landlord business is that rent checks will occasionally bounce. When that happens, you, the landlord will probably not find out the rent check was returned until 3 or 4 weeks later, depending on how efficient your bank is.