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Landlord Newsletter Mid October 2007

The Landlord Protection Agency

The LPA Newsletter
Mid October 2007

Dear Fellow Landlord,

In this newsletter:

  • Free Downloads:
    • Move Out, Clean Up & Debris Letter
    • Helpful LPA Lease clause - Copy it for free.
  • Article: "The Top 5 Ways to Ruin a Good Tenancy"
  • Recent Tenant Excuses
  • Recent Success Quotes

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




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    Save yourself a little work with the ...
    Move Out, Clean Up & Debris Letter

    Move-out Debris Have you ever wondered if the tenants would have done a better job vacating if you gave them specific instructions? Much like the LPA Move Out Reminder Letter, this reminds the tenants to not wait until their last day of tenancy to put out garbage and debris. They are urged avoid clean up charges and deductions from their security deposit and to make arrangements as soon as possible to get rid of their unwanted items, rather than leave them behind in or around the property.


    FREE DOWNLOAD

    This has proven to be a landlord's clean-up helper. Get the tenant on the job before he movesMove Out, Clean Up & Debris Letter





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    FREE LPA Lease Clause: BASEMENTS AND GARAGES

    Have you ever had a tenant threaten to sue you for damages to personal property because they stored it in the garage or basement? I have.

    Sometimes basements and garages leak or are subject to moisture and mildew and can cause damage to personal property. We find this clause is most helpful in leases for single family home rentals, but has also been successful in multi family dwellings.

    Just copy and paste into your lease document. (If you already use The LPA Lease, the clause is already there.)


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    The Top 5 Ways to ...

    ...Ruin a Good Tenancy

    By John Nuzzolese

    Imagine having the perfect tenants in your rental property. Maybe you already have them now. What we really hope is that these perfect tenants will remain perfect. To continue doing all the right things and not doing any of the wrong things. We want them to obey the lease agreement religiously, take care of the property and pay the rent on time or early. Imagine a tenant who leaves the rental better than it was found. Is this idea from the The Twilight Zone or something you can really have?

    Most of the time, when we actually have a tenant that seems "too good to be true", something happens either suddenly or gradually to turn our tenant to the dark side.

    These are what I call the top 5 ways landlords ruin perfectly good tenancies

    1. Are They Friends or Tenants? Failure to maintain a professional distance from the tenants. Too often a landlord will fall victim to one of the oldest Landlord Traps by lowering his guard and allowing the tenants become personal friends. Rarely does this end well.
    2. Broken Promises Failure to fulfill certain promises made to the tenants in the beginning of the relationship is a leading cause of the breakdown of the tenant's trust and respect in the landlord.
    3. Greed In the real estate business for many years, I have found one thing to be universally common among sellers and novice (and many pro) landlords. It is the belief that their property is somehow better or worth more money than comparable listings that have sold or rented. It is this squeezing every dime out of a property that causes the tenant to resent the landlord. Even a good tenant can not help but dislike a greedy landlord who is overcharging the tenant. Overcharging? How can anyone say it's overcharging if the tenant agrees to the price?? There are many reasons a person will agree to pay a higher amount.
      • tight rental market
      • family crisis
      • tenant not qualified for another rental
      • many other reasons
      Having resentful tenants is not a recipe for a good long lasting tenancy.
    4. Neglect Being a landlord is a business. For a business to do well, it must be maintained and run properly. That includes caring for rental property. As much as we try, we can't always make the tenants responsible for everything on a property. Some responsibilities belong to the landlord. It is important to nip small problems in the bud before they become major catastrophies. Besides, if you keep the tenant satisfied, your property will be more rentable/saleable.
    5. Conduct Unprofessional conduct can range from rudeness to overly friendly. Try to refrain from arguing, using profanity or gossiping with tenants. It will come back and bite you. Let your attorney be the bad guy. He's the guy who tells you to use all those "anti-tenant forms". Keep a professional, polite attitude to retain the respect of your tenants. Tenants respond better to a pro who knows what he or she is doing.




    Printer Friendly Version of this Article



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    Tenant Excuses


    "Our Mailman was in an accident and the mail was all over the road, so we didn't get our welfare check."
    Well, I called the Post Office and they have no record of any accident. -Brian, PA

    "I've been working so hard I haven't had time to stop at the bank or go to the post office for a money order"
    This woman hasn't paid us rent since we purchased the building in April 07. She also was already six months behind with her previous landlord. She also has a post office box. - Bryan and Joan, VT

    "Here’s your check, but I don’t have the money in the bank, so don’t cash it. My dad is going to send me $200 on Monday."
    The check included $75 that they still owed from last month. - Marie W., Washington

    "We can't pay you rent because we had to close our bank account. We just found out that the bank was stealing our money. $8,000 is missing and we just figured this out. We will pay you when we get our money back from the bank." I received this phone message the day after he received his paycheck and was supposed to send rent. How stupid do they think I am??? - Dawn, Colorado

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    Quotations...


    eleanor roosevelt quotes Yogi Berra quotes Thomas Edison quotes Benjamin Franklin success quotes



    "Genius is one percent inspiration and ninety-nine percent perspiration." - Thomas Edison

    "Logic is the beginning of wisdom, not the end." - Leonard Nimoy

    "You should never wear your best trousers when you go out to fight for freedom and truth." - Henrik Isben

    "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!
    The Landlord's Troubleshooter and more Real Estate Books By Robert Irwin
    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.
    Robert Irwin Real Estate Books



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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.

    real estate investing, landlord books





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    landlord books, landlording, landlord information, landlord tenant law, evictions



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    Feel free to view the LPA Newsletter Archive



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