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Landlord Newsletter Mid June 2008

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"Of all the sites out there, the LPA by FAR has the most extensive resources, the most knowledgeable help, the most expertise, and is quite possibly the best real estate site I've used in my career."
Dr. Dani Babb, Author of "The Accidental Landlord". LPA Member since 2007.

"My LPA Membership has saved me from so many expensive tenant problems, it has already paid for itself many times over."
Louis C., LPA Member since February 2001.

"TheLPA.com emphasizes the three most important issues for a landlord's protection:
1. Screening and Tenant Selection
2. Using a Solid Landlord Lease
3. Lease Enforcement
Robert Irwin, Author of "The Landlord's Troubleshooter", "The Armchair Real Estate Investor and "Real Estate Tips and Traps", LPA Member since April 2007

The LPA not only lets you share your experience with other landlords, but it will also help to answer your questions.
Timothy Spangler, Author of "From the Rat Race to Real Estate", LPA Member since December 2003

The Web site was founded by John Nuzzolese, and he is a "nice guy" like we were when we started. He learned many lessons the hard way, like we did, and so you will benefit greatly from his experiences, and from being part of this group.
Kind regards,
Sandy Midea, Author of "A Fool's Guide to Landlording"

"The LPA Lease has become my favorite lease, and enforcing it with the Essential Forms is even better. Managing my properties (tenants) has become much easier."
Jack Klein, LPA Member since May 2001.

"The question should be ..." "Can you afford not to join The Landlord Protection Agency? I'm very thankful for all The LPA has done for us. At first we were intimidated by our tenants and the whole process of leasing and managing our rental property. Now we have 3 rentals with excellent tenants!"
Carol and Jim S., LPA Members since July 2003

"I'd like to thank Mr. Nuzzolese for sharing his landlording knowledge with us. I find it refreshing to be able to get down to earth articles and real life helpful advice on the LPA website.
Gary Smith, LPA Member since 2007

"I cannot express how your products have made my job so much easier. I have peace of mind now knowing that I am protected by the verbiage you have in your contracts. Thank you so much."
Tony Gramm, Aurora, OH

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The LPA Newsletter
Mid June 2008

Dear Fellow Landlord,
I recently had to reprimand my daughter for only doing half the job I asked of her. I asked her to clean up the kitchen table and she only cleared her own area. Not her brother's. I said, "Deana, I asked you to clear the table. Why didn't you do what I asked?" Her reply was, "That's Joey's. His plate isn't my job."
Well, I straightened her out. I had her read a short comparison about winners and losers. She recognized that she had behaved like a loser. And that got me thinking ... Tenants are like children. If you stop to think about it, tenants are like children in the respect that they need to be educated to the point of understanding what is expected of them in order to comply with your lease agreement. If you have tenants who understand your lease and agree to it, they will likely be winners. If not, you might have losers. Please take a moment to look at the Winner vs. Loser comparison in this newsletter.

In this newsletter:

Article: by Dr. Danielle Babb, "Determining Your Rental Value"

Ask the Attorney, New Questions & Answers with Eviction lawyer, John Reno

Winner vs. Loser

Free Landlord Form download

Landlording Quick Quiz

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. Have a great month!
John Nuzzolese
John@theLPA.com

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Sneak Peek!

The following is another excerpt of Dani Babb's soon to be released new landlording book, "The Accidental Landlord"!

Determining Your Rental Value

By Dr. Danielle Babb

When you go to rent your home, you will need to determine its rental value, or rental comp. Rental comps are the comparative analysis for similar properties and what they’re renting out for. If you see 'for rent' signs, feel free to call and just inquire on the property – or use online systems.

Rental comps are like sales comps but they tell you the value of your property in terms of what it can rent for. Take a look at these two sites, or check local newspapers. You may also wish to call a property manager, but if you aren’t using them to list and manage your home they may not be very cooperative in valuing your rental.....

click for the full article...

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Ask the Attorney

The Landlord Protection Agency® is proud to introduce John Reno, Esq., a highly experienced Landlord - Tenant attorney based on Long Island, NY.

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

Dear Mr. Reno:
What are Florida laws on going into my leased property when I plan to evict for non-payment of rent. I had already given written notice to vacate. I went in 2 times, once when the door was open and once to take the pest control in since I saw roaches on first visit. Tenant let us in. She called the Sheriff's' office. First officer told her I could do that, second time 3 officers came and said I could not. It seemed to me that Florida chapter 83.53 said I could. Written lease says I can. Thanks, Norma, Florida

A: Don't forget Section 83.53 requires 12 hours notice. I think that's where your problem is. Also, very often the police are clueless, unfortunately. (So are the lawyers sometimes.)

Dear Mr. Reno:
I let this girl move in a year ago into my home. There is no lease and she does not pay any bills. She was just going to be there until she could find a job and a place to live. Now a year later she still has not gotten a job or paid any rent or bills. There have been signs of unauthorized parties and property damage to my home. Do I have to give a 30 day notice to evict. I fear theft and property damage during the 30 day notice time. Jeff, Tennessee

A: Probably. She's what's called a "tenant at sufferage". You invited her in- now you're inviting her out. In NY, you need 30 days. In Tenn., I doubt it would be more, but it could be less.

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WINNER vs. LOSER

Author unknown

THE WINNER - is always part of the answer;

THE LOSER - is always part of the problem;

THE WINNER - always has a program;

THE LOSER - always has an excuse;

THE WINNER - says "Let me do it for you";

THE LOSER - says "That's not my job";

THE WINNER - sees an answer to every problem;

THE LOSER - sees a problem to every answer;

THE WINNER - sees a green near every sand trap;

THE LOSER - sees a sand trap near every green;

THE WINNER - says "It may be difficult, but it's possible;

THE LOSER - says "It may be possible, but it's too difficult.

BE A WINNER!

(Just the fact that you're reading this newsletter proves that you are a winner!

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Landlord Quick Quiz

It is illegal to rent out a house without a rental permit from the town.
True or False
A lease can continue to be enforceable even after it expires.
True or False
It is illegal for an owner to discriminate against bad credit.
True or False
A tenant who assigns a lease to another remains liable for the rent.
True or False
The maximum number of people in a house is 12.
True or False
Failure to pay rent does not automatically constitute termination of the tenant's lease.
True or False

For answers and more test questions, click here... ***********************************************
FREE LPA FORM DOWNLOAD
Settlement Charges Guide
Alerts the tenant before or after tenancy what kind of move out charges he or she can expect for damages, cleaning or neglect caused as a result of tenant's occupancy. Some landlords send this form along with the Security Deposit Settlement to show how certain deductions from the security were calculated. What many tenants consider "normal wear & tear" are really damages and neglect that they should pay for.

Click here to purchase or to read about LPA Essential Landlord Forms and descriptions

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Tenant Excuses
"My mother was evicted and I had to help her track down the landlord at his house. I don't know when I'll have MY rent." It seems that Mom isn't the only one being evicted! - Josh, Las Vegas, NV
"I had to lend my son money to move into a house. You know I'm good for it." I thought you were good for it when we signed the lease. Now, you have shown me you are NOT "good for it". - Claudia in Akron, OH
"My husband sells cars and he didn't sell many this month." - Sandy, NJ
"I'm NOT going to be bothered by you for the rent everyday!" This was after the rent was three months late. As soon as I bought the property she stopped paying the rent. I finally got a court ordered eviction. Lesson to learned! - Lew, Maine

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Quotations...

"Success is the ability to go from one failure to another with no loss of enthusiasm." - Winston Churchill
"The trick is to make sure you don't die waiting for prosperity to come." - Lee Iacocca
"You can't keep milking a cow without feeding it." - Frank Presti
"How much did your last tenant problem cost you?"
- John Nuzzolese

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Books by LPA Members
The Landlord Protection Agency is proud to recommend the following landlord books written by LPA Members, Dr. Dani Babb, Robert Irwin, Timothy Spangler, Tony & Sandy Midea and Dan Auito. Just click on the book for more information about it.

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