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The LPA Newsletter May 27, 2014
Dear Fellow Landlord,
"You think you know someone? You don't really know them until they've rented from you!" John Nuzzolese
In this newsletter:
- Late Rent Do's & Donts
- 10 Steps from Pre-screening to Lease Signing Free Printable PDF
- Ask the Attorney, Real Estate Attorney, John Reno
- Wealth Secrets & Quotes
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.
John Nuzzolese
John@theLPA.com
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Landlord Tip
Landlord Do's & Don'ts
Topic: Late Rent
What The LPA says you should do and what you shouldn't do:
DO Be quick to send a late notice as soon as the rent is late. Very often, landlords don't want to seem too eager for the rent that they will give the tenant an extra day or two. That procrastination usually turns into at least a week. Before you know it, the tenant is in serious violation of the lease. That's why we have to be on top of the rent right away. Be ready to use these forms in order:
Notice of Past Due Rent
Urgent Late Notice
Notice to Pay Rent or Quit
DON'T be a procrastinator.
DON'T get into any heated discussions with the tenant.
DON'T fall for the old sob story routine.
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Rental Flow Chart - 10 Steps from Pre-screening to Lease Signing
"Fail to prepare; prepare to fail."
One common question I am asked is, "Do you have a step by step breakdown of the steps for proper tenant screening?"
Well, now I can say "Yes!"
My new flowchart will walk you by the hand from the moment you place your internet ad or newspaper rental ad through the step by step meeting, showing and tenant screening process right up to the lease signing.
The flowchart bubbles are clickable to pages with more detailed information and links for that stage of the process.
I hope you like it! - John
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.
Rental Flow Chart: From Pre-screening to Lease Signing
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Ask the Attorney
 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:
My church rents a portion of our property to a food services business (caterers). None of the business licenses they have posted are current. Can we (the landlords) be held liable for this transgression? Thank you.
Ronda, MN
A: Well I guess "plausible deniability" is out the window since you've posted this question (can't deny knowledge) so you should take some steps.Does your rental agreement require the tenant to comply with all ordinance, laws, etc.? My fear is that if someone gets food poisoning, they'll sue everyone in sight, including you. If you can't evict, at least notify them that the rental will not be renewed unless they get their license current.
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.
Read more from John Reno, Eviction Attorney
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FREE Tenant Credit Reporting
(LPA Members Only)
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.
On the bright side, remedies are available. If you have documented your tenancy with the proper paperwork including a rental application, lease agreement, late notices, etc., you may have a chance of collecting.
Credit bureau reporting is an option in which many modern landlords are beginning to participate....
Click here for the full article
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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!
NO sign-up or set-up fees,
NO membership fees,
NO compliance fees
Just lower prices!
Special Tenant Screening Discounts for LPA members.
See our price list!
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Wealth Secrets and Quotes
"You think you know someone? You don't really know them until they've rented from you." - John Nuzzolese, TheLPA.com
"Time is more valuable than money. You can get more money, but you cannot get more time." - Jim Rohn
"It's not what you've got, it's what you use that makes a difference." - Zig Ziglar
"It is in your moments of decision that your destiny is shaped." - Anthony Robbins
"Success is how high you bounce when you hit bottom." - General George Patten
"The trick is to make sure you don't die waiting for prosperity to come." - Lee Iacocca
"How much did your last tenant problem cost you?" - John Nuzzolese
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LPA Members, Interested in past LPA Newsletters?
Feel free to view the LPA Newsletter Archive
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