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Landlord Newsletter October 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

The LPA Newsletter
October 2008

Dear Fellow Landlord,
Now, more than ever, it is so important to find, qualify and keep quality tenants. Try to keep in mind how the real estate market prices skyrocketed, causing rents to increase as well. Now that the prices are coming down significantly, we have to be reasonable with our rent prices too. I'd rather have lower rent with a good qualified tenant than a high rent with a deadbeat tenant.

In this newsletter:

  • Ask the Attorney, New Questions & Answers with Eviction lawyer, John Reno
  • Just released today: "The Accidental Landlord" by Dr. Danielle Babb, Phd, LPA member. The book contains lots of LPA forms and other good stuff.
  • Introducing The LPA Dishonored Check Notice
  • New Free Landlord Form download:
  • 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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    Dr Dani Babb, Author of The Accidental Landlord- Coming Soon!

    Just Released TODAY!


    Dr. Danielle Babb, national TV real estate expert and author is also a fellow LPA member. Her new Landlording Book, "The Accidental Landlord" contains lots of LPA forms and other good stuff. It's like a condensed landlording course all packed into one little book. Worth it.
    Released today, October 7th, 2008. Order your copy now!



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    Introducing Essential Form
    The LPA Dishonored Check Notice

    Do Your Tenants’ Rent Checks Bounce?
    Bounced Check

    One fact of being in the landlord business is that rent checks will occasionally bounce. When that happens, you, the landlord will probably not find out the rent check was returned until 3 or 4 weeks later, depending on how efficient your bank is.
    How does that concern the tenancy? It means the rent is approximately 3 -4 weeks late, plus you’ve incurred bank charges on top of it.

    Like a late rent notice, the LPA Dishonored Check Notice will inform the tenant that the rent check was returned for insufficient funds. It will ask for the balance due along with any applicable bounced check charges, late fees, and daily late charges as agreed in your lease....

    click for the full article...


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    Ask the Attorney

    The Landlord Protection AgencyThe 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:
    I rented my property with a one year lease. After 7 months, I feel into hard times and the property is now in foreclosure. The tenants and I were served papers. The tenants are now refusing to pay rent. Do they have any rights not to pay because the property is in foreclosure? The foreclosure process will take longer than their lease term.
    Thank you., Christine Miami, Florida

    A: Tenants often make this mistake. You still own the house and collect rent(and evict for nonpayment) right up until the foreclosure proceeding. (that's the law in NY- I think FLA is the same.) I've seen many tenants evicted by the landlord during a foreclosure. You should commence a non-payment proceeding.

    Dear Mr. Reno:
    My husband and I own a home that we will be renting. He doesn't want to be a landlord and deal with all the problems; instead he would prefer to help with physical part of the home maintenance. I don't mind handling all the problems and finances. Should his name be on the lease or contract? Right now only my name is listed, but if I die, I want him to continue to receive the rent. Or does my death make my lease null?
    Thanks, California Palmdale

    A: You should both be on it because that will give you more flexibility.

    Read more from John Reno, Eviction Attorney




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    Limited Time FREE DOWNLOAD
    Tenant-Finder™ Worksheet

    Take the Stress Out of the Decision.
    Score Prospects by Their Point Value

    Score your Tenant-Finder™ Worksheet to help you evaluate the prospective applicant. Before making an appointment to show your property to an applicant, examine your findings. The LPA Tenant-Finder™ Prospect Qualifying Chart will help you determine a more accurate score for each applicant.

    The Tenant-Finder™ Prospect Qualifying Chart helps you break down the evaluation of a rental prospect into five main categories.

    Those categories are

    1. Money
    2. People
    3. Credit
    4. Tenant
    5. Timing

    Although the Tenant-Finder™ Prospect Qualifying Chart is designed to work with the scoring of the Tenant-Finder™ Worksheet, it can also be used alone to score prospective tenants.

    FREE DOWNLOAD

    Tenant Finder Chart.Tenant-Finder™ Prospect Qualifying Chart





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    Interested in a New Kind of Keyless Lock for your Rentals?

    Biometric Technology Is popping up in all kinds of applications, from computer sign on credentials to engine ignitions of the fastest sports cars in the world. When the reality of using this technology in the world of residential security became possible, We were Skeptical.

    We learned that we can remove the time and expense of always having to change locks when your tenants move in and out.

    Programming a biometric lock is easy as you assign the tenant the ability to add and delete users with you being the only person that can delete all users including the tenant and anyone that he has added.
    Also the landlord can provide temporary access to maintenance people without wondering if they duplicated the key.

    Some other advantages of biometric locks:

  • Never fall victim to bump keys
  • New and improved optical scanners
  • Add and delete users with the touch of a button
  • Sleek Contemporary Designs.
    Also with our new Dead Bolt biometric lock keep your same door handles and add the lock above your current door handles.
    Please check out www.fingerprintlocks.org

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    Tenant Excuses

    "I had to quit my job because I couldn't find childcare. They won't let me get free childcare unless I have a job, and I can't get a job unless I have free childcare. - Celeste, Casper, WY

    "I'm sorry, but it must be a mistake at the bank." - No, the mistake is that she wrote a rubber check. I should have known something was wrong when she dropped off the check on the 5th. She's never paid that early before. Bouncing the check bought her almost 3 weeks time. She'll have to pay late fees and bounced check charges now or be evicted. - Nicole, NY

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    Quotations...


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



    "One of my biggest fears is having a tenant with more landlord - tenant knowledge and expertise than I have." - John Nuzzolese

    "It is not the critic who counts; not the man who points out how the strong man stumbled or where the doer of deeds could have done them better. The credit belongs to he man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, at the best, knows the triumph of high achievement; and who, at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." - Theodore Roosevelt

    "Never let the fear of striking out get in your way." - George Herman "Babe" Ruth

    "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.






    real estate investing, landlord books





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    NEW! Save Money with our Promotional Membership Renewal Prices!
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    Report bad tenants to the National Tenant Rating Bureau or Deadbeat Database

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



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    Interested in past LPA Newsletters?
    Feel free to view the LPA Newsletter Archive



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