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Landlord Mini Newsletter - Late May 2009









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Landlord Mini Newsletter - Late May 2009

Dear Fellow Landlord,

In this Mini Newsletter:

  • Free Download - Notice of Late Fee Due
  • Success and Wealth Secrets

    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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    How many times have you received late rent without a late fee?

    FREE DOWNLOAD
    Notice of Late Fee Due

    This simple form reminds the tenant that the rent was paid late and that a late fee is still due.

    Pay the late fee too!Some tenants may honestly forget their agreements in the lease and need to be reminded. Many tenants like to test the landlord, especially in the beginning of the lease term- just to see how far they can go. This is when we must be vigilant and notify the tenant immediately of overdue rent and the late penalty. It is very common for the tenant to pay the rent a few days late and conveniently forget the late charge. They may think that we'll conveniently forget also, or be embarrassed to ask about the late fee.

    Most tenants feel that we should appreciate the very fact that they paid their rent at all. They may be hoping we're too timid or afraid to enforce our agreed lease terms. It is imperative to notify tenants immediately of penalties due.

    Past due penalties can become added rent, which can put their lease in default status. We want to help them keep their lease in good standing. We want to help them keep their word and their signatures in good standing, too.


    FREE DOWNLOAD

    enforce your lease. Collect your late charges.Notice of Late Fee Due

    Late fees are an incentive to pay rent promptly. They are an excellent way to train a tenant to prioritize the rent payment. Never hesitate to collect your late fees!



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    "Success and Wealth Secrets"

    "Some people see taking action as work and work as a form of pain. These are usually people who have never experienced the pleasure of working on something they value." - Michael Masterson

    "Always do thing right. This will gratify some people and astonish the rest." - Mark Twain

    "In two days from now, tomorrow will be yesterday. So, value every day and make it count." - John Nuzzolese

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    What's going on right now in the Landlord Forum?



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