Landlord Newsletter - Get it Rented Faster

The simple truth to all of those questions is... YES! (But I won't judge you on the smell. It may be a good smell) Take a look at this crude drawing I made of a triangle. The 3 sides are labeled with "Fast", "Qualified", and "Best Price".
It can be difficult to get all 3 sides of the triangle, but I'm telling you, you must!

First, understand the important factors needed to procure a fast rental and also the reasons a rental does not rent quickly.

It is usually a matter of how you look at things.
Many landlords look at tenants as sub-human trash who don't deserve to live in as nice a home as the landlord lives in or should be willing to take what they can get since they are not in a position to be choosy. Well, while that may be true for a small percentage of the tenant pool, these days, most tenants are more choosy than ever and believe it or not, there are more quality rentals out there than ever before. Landlords have become competitive in attracting the better tenants by offering better rental units.

Besides offering a quality rental you'd be happy to live in yourself, another thing to keep in mind is the rental price. Are you offering a good deal to the tenant?

Here are some questions I hear often:

Q: Is it a good idea to take a lower rent from a more qualified tenant who plans on a long term rental?
A: Yes, I would and do. A more qualified tenant is the goal and the essence of a pleasant long tenancy.

Q: Is it a good idea to take a higher rent from a less qualified tenant who plans on a long term rental?
A: It depends on how less qualified. If the tenant is not qualified, it really doesn't matter how much higher he agrees to pay, because you probably won't get your rent money and will be spending your own money to evict these "generous" non-payers....

click for the full article...

Score your Tenant-Finder™ Worksheet to help you evaluate the prospective applicant. Before making an appointment to show your property to an applicant, examine your findings. The LPA Tenant-Finder Prospect Qualifying Chart will help you determine a more accurate score for each applicant.

The Tenant-Finder™ Prospect Qualifying Chart helps you break down the evaluation of a rental prospect into five main categories.

Those categories are

1. Money
   
2. People
   
3. Credit
   
4. Tenant
   
5. Timing
   

Although the Tenant-Finder™ Prospect Qualifying Chart is designed to work with the scoring of the Tenant-Finder™ Worksheet, it can also be used alone to score prospective tenants.

FREE DOWNLOAD Tenant-Finder™ Prospect Qualifying Chart

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).
(Mention The LPA for a 10% discount!)

Dear Mr. Reno:
I live in ohio. Garfield heights to be exact, a suburb of cleveland. I purchased a house March 26th that had a tenant. Attempted to evict her, but missed court due to a careless mistake setting my alarm. The very next day I received a letter from her attorney stating she has intentions to leave at the month of May. Should I believe the letter? What can I do to make the letter legal? What do I do if she don't leave?
Monica O., OH

A: It sounds real, but you never know. So "hedge your bets", restart the eviction. If the letter's legit, your case will be settled by stipulation to an eviction warrant stayed until 5/31/14. (And set your alarm correctly.)

If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
Submit a landlord / tenant question for Mr. Reno
Please try to keep your questions as short and to the point as possible.

"Everything in your life gets better when you get better, and nothing is ever going to get better until you get better." - Larry Winget

"Be kind, for everyone you meet is fighting a hard battle." Plato

"How much did your last tenant problem cost you?" - John Nuzzolese

"The only thing worse than having a rental house not rented is having it not rented to a good tenant." - John Nuzzolese

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