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TheLPA Newsletter - April 28, 2015 - Rent Statement









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The LPA Newsletter April 28, 2015

Dear Fellow Landlord,

It's been a while since this happened because we supply all our tenants with pre-printed rent envelopes. A tenant called and forgot where to send the rent! The reason: "I used up all my envelopes!"
I reminded her that our mailing address is on the lease and to hurry up so she can get her early payment discount which she hasn't missed ... ever! Of course, we're more than happy to get her some new envelopes... but tenants have to pay their own postage!!! ;)

In this newsletter:

  • Rent Statement Mailer
  • Ask the Attorney, Real Estate Attorney, John Reno
  • The Truth Behind what Some Tenants Say
  • Where's the Rent? Excuses!

Please e-mail us if you have any questions or would like to add or share any material / information. I hope to see you soon!
John Nuzzolese
John@theLPA.com

"Tenants with good credit take pride in paying rent on time or early, especially when they know the landlord can report to the credit bureau!" - John Nuzzolese

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Fact:
Rent is Paid More Timely When the Tenant Receives a Monthly Rent Statement

Whether you mail your tenant a monthly statement the same way your bank mails you your credit card statement, or supply your tenants with a Payment Book with pre-printed payments slips, the results are the same. The tenants are reminded of what they owe, when it is due, and what the penalties are for not paying on time.

Most landlords have positive results and more timely payments when using a Rent Statement mailer. It helps tenants Want to pay their rent on time and preserve their credit record with their landlord.

The Rent Statement displays the key monetary terms agreed in their lease. That's important because the tenant is reminded of these key items every month when they fill in the amount of their payment before sending it.

Tenants find it a little intimidating and a little more official when their Social Security # is on a document. This part is optional and need only be included at your discretion.

On the top right below the rental address is a payment breakdown area which includes:

  • the rent due date
  • the rent amount
  • the late date and late fee
  • the daily late date and daily late fee
  • early payment discount date and amount of early payment discount (optional)
  • Added rent incurred (any current or past due charges in addition to the rent)

The top tear off slip instructs the tenant to whom to make the rent payable...

All LPA Forms are FREE for Members! - Click here to order forms









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The Truth Behind what Some Tenants Say

You will Never Hear your Tenant Say ...

  • "I'm wanted by the FBI, so I gave you a phony credit report."
    Click here to read what they really mean!

  • "I don't mind roaches. I've been living with them all my life."
    Click here to read what they really mean!

  • "If you drastically reduce the rent, I'll do a crappy job on the grounds and make your place look nice and trashy."
    Click here to read what they really mean!

  • "We smoke so much that we'll make your white walls brown without even painting."
    Click here to read what they really mean!

  • "My rottweiler's name is Conan the Destroyer."
    Click here to read what they really mean!




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    Ask the Attorney

    The Landlord Protection AgencyThe 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:
    If I do not lock out or cut off the heat and electricity of a scammer/non-paying tenant, do I have to allow this person who's scheduled for an NYC Marshall removal in two months the use of the Internet and kitchen pots n pans that other paying tenants are using in a room rental situation?
    Thank you!
    Eli, Brooklyn, NY

    A: You don't have to provide internet. They can get it on their own if they want.

    Read more from John Reno, Eviction Attorney



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    ***********************************************


    Where's the Rent? Excuses!

    "You are so old and so rich you don't even need my money. What are you gonna do- go out and get your Mercedes waxed with it?" No, but I think I'll spend his security deposit on my attorneys fee to evict that foul mouthed good for nothing! - Estelle, KY

    "Come see what I did for you. You won't want the rent when you see this!" Oh my God! She painted everything fire engine red --- glossy! All my beautiful crown moldings and wood work. Her deposit will never be enough to restore it. - Louis, Tustin, CA

    "I don't have rent because the police took it during the drug raid." - John, Raleigh, NC

    "How much did your last tenant problem cost you? It was a lot more than your LPA membership, wasn't it?" - John@TheLPA

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