Isn't collecting from a past due tenant a pain? A landlord can spend huge amounts of time trying to collect unpaid rent.
Recent Success Quotes
Please e-mail us if you have any questions or would like to add or share any material / information. I hope your business is going well while you enjoy a safe and happy summer.
John Nuzzolese
John@theLPA.com
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New Essential Form: FREE DOWNLOAD
Account Status Notification
Are Your Tenants IN ARREARS?
The Account Status Notification helps keep your collection efforts organized while you try to bring your struggling tenant accounts back in good standing. 
We should never let a tenant get behind in the rent or other charges, right? We are professional landlords and we know better than to let this happen, right? Why then does it still happen anyway?
Using the LPA Urgent Late Notice as a model, I was able to tailor this form to suit my purposes to achieve the results I wanted.
The Account Status Notification easily updates the tenant of their account status, reminds them of any past due balances such as unpaid late fees, attorney fees, etc. and alerts them if legal action is pending.
The form helps to avoid misunderstandings with tenants about what is owed and when it is due.
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I hate having to use this form, but I love it's effectiveness!
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What do I do if....
the Tenant Argues About Deductions From the Security Deposit?
Have you ever had a tenant agree with the deductions you've had to take out of their security deposit? It would be extremely rare if you had. Most tenants are offended and hostile once they realize you have not returned their full security deposit. Even after doing all your landlord homework and supplying them a copy of your filled out and completed Security Settlement Statement and Property Condition Report & Checklist signed by the tenants themselves, you will still have an argument from some tenants. More often than not, an offended tenant will threaten to sue you for the deposit. The arguments and calls from the former tenants can turn into harassment and encroach on your valuable time and business. If you feel the situation is heading in that direction, it may be time to use the Security Settlement Challenge Crusher. I have used this tool many times and it has worked every time.
The purpose of the Security Settlement Challenge Crusher Letter is to quickly squash any unfounded tenant arguments about deductions from the security deposit refund.
Even though the Security Settlement Statement has already itemized the deductions in detail for the tenant, some people will still be determined to fight for what they feel is their money.
If you've held back deposit money from former tenants, you have probably been through some uncomfortable confrontations with the tenants who believe they are entitled to more of a refund. It is common to hear them boast about leaving the rental "better than it was at move in." It seems like they go in with eyes wide open and leave with blinders on.
The Security Settlement Challenge Crusher document explains that careful thought and time went into handling the security settlement. It also instructs the tenant to bring a copy of the lease, settlement statement, etc. to their attorney for review and explanation. That suggestion usually takes the wind out of their sails because they were thinking of trying to intimidate you by threatening to go to their lawyer. They now know that you are not afraid. You're actually asking them to go to their lawyer because you know they haven't a leg to stand on. Your paperwork is complete and in order.
Please keep in mind, the Security Settlement Challenge Crusher is a Landlord Protection tool and not a weapon. It should be used carefully and fairly.
In downloadable MS Word format, you can add your own letterhead, ideas or modifications to this Essential Form.
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Landlord Do's & Don'ts
What The LPA says you should do and what you shouldn't do about:Tenant Screening: Checking the Landlord Reference
DO
- Use the Landlord Reference Qualifier form when interviewing the applicant's current & past landlords.
- Be aware that the person you are speaking to might not actually be the true landlord. The tenant could have lied on the application
- Verify the tenant's address with the county tax records if possible.
- Verify the landlord's phone # in the phone directory. (If listed.)
DON'T
- Be afraid to ask your questions.
- Be fooled by an extremely glowing reference. Sometimes the current landlord will say anything to get rid of his headache tenants!
- Forget to verify all the other information on the rental application to make sure everything checks out.
- Run a credit report until after you have verified and are satisfied with all of the screening information the applicant has given you.
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Tenant Excuses
"My car is broken. My wife she take my car to work. I can not work with no car." - Um, your car is "broken"? It looks to me like the lease is "broken". And your wife is using it to go to work? I guess it's not too broken. Besides you always shared the car, so what is the real reason you don't have the rent? - Jeff S., Fort Wayne, IN
"I can give you $300 next Friday. I don't know when we will have the other $1,200. It seems like you are just in this for the money! Aren't you?" No I enjoy going broke. (his rent is $425 Per Month ) Here's your 3-day. - Dave , Florida
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Quotations...
"Too many of us are not living our dreams because we are living our fears."
- Les Brown
"I know the landlord business can be a tough job, but easy jobs don't pay well." - Lou C., LPA Member
"Confidence is preparation. Everything else is beyond your control." - Richard Kline
"How much did your last tenant problem cost you?"
- John Nuzzolese
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America's #1 real estate expert is also an LPA Member!
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Robert Irwin is the bestselling author of more than 50 books on real estate. His career in the real estate industry encompasses more than three decades of experience as real estate broker, landlord, and consultant to lenders, agents, and investors.
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Books by LPA Members
The Landlord Protection Agency is proud to recommend the following landlord books written by LPA Members, Robert Irwin, Timothy Spangler, Tony & Sandy Midea and Dan Auito. Just click on the book for more information about it.
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