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Landlord Newsletter July 20, 2010

The LPA Newsletter
Late July 2010

Dear Fellow Landlord,
I hope you enjoy the newsletter, and thank you again for supporting The LPA!

In this issue:

  • Article: 10 Common Mistakes Most Landlords Make
  • FREE FORM DOWNLOAD
  • 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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10 Common Mistakes Most Landlords Make
By Lambert Munz MPM, RPM, Arbour Real Estate Mgmt, Inc.

Lambert Munz with his new book ....Lambert Munz, MPM, RPM, Arbour Real Estate Mgmt, Inc.

Being a property management company specializing in single family homes, small residential and commercial properties, we have helped hundreds of owner's manage their homes and small rental properties. We have found similar mistakes that these owners have made while managing their own property. The following are the ten most common. We hope this report will help you become better rental property owners.

1. Not screening each applicant.
Besides, the fair housing violations by screening some applicants and not others, you are heading for trouble if you do not property screen your prospective renters. Good tenants are a key to an enjoyable rental property investment. You should have each interested renter fill out an application, which should be screened according to credit, prior rental or ownership history, income, income stability and criminal history. Your criterion needs to be consistently applied to every applicant. You cannot believe the number of owners that have not checked with us on our former tenants. When you advertise as an owner you attract the flakes that avoid property managers. A property manager is an automatic qualifier, since the flakes know that they have been hired to find qualified tenants. It is hard for an owner to revisit a prospect with cash in hand, ready to move in today (they are probably being evicted from their current rental} pay over market rent, even accept a dirty home. Remember dirt attracts dirt.

2. Not following Fair Housing Laws
Rental owners are losing millions of dollars every year because of ignorance and blatant violations of the Fair Housing Laws...

Click to read more Common Mistakes Most Landlords Make

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How many times have you wished your tenants bothered to be a little more considerate on the way out?

FREE DOWNLOAD
Moveout Reminder Letter


FREE DOWNLOAD

Important move-out instructions. Saves the landlord time and moneyMove Out Instructions Reminder Letter
This is one of my favorite forms because it saves me time and money when tenants move out according to our instructions. It is one of the LPA Forms that is often overlooked, probably because it is not listed on the LPA Essential Landlord Forms page. It is one of our Free Forms, but I consider it an "essential form" just the same.

We send this form to the tenants about a week or two before they vacate. It reminds them specifically of certain tasks and cleaning they should perform in order to get a full security refund. This letter instructs the tenants how to lock up and secure the rental until it can be inspected by the landlord/ management, and also where and how the tenants should return all keys.
We have found this form to be very effective in helping tenants to be more cooperative when they are moving out.





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Great Quotes

"I think a hero is an ordinary individual who finds strength to persevere and endure in spite of overwhelming obstacles." - Christopher Reeve

"Five minutes of today are worth as much to me, as five minutes in the next millennium. Let us be poised, and wise, and our own, today." - Ralph Waldo Emerson

"It is better to have NO tenant than it is to have a bad tenant." - John Nuzzolese

"How much did your last tenant problem cost you?" - John Nuzzolese

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The LPA's Newest Credit Report Affiliate!

Quick Check Credit Reports, Inc.

Quick Check Credit Reports, Inc. is proud to announce its affiliation and partnership with The LPA in helping landlords protect their interests by better screening tenants at lower costs!!

  • NO sign-up or set-up fees,
  • NO membership fees,
  • NO compliance fees
  • Just lower prices!


Special Tenant Screening Discounts for LPA members. See our price list!



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FREE LPA Gift with Book Purchase!

Click here to order Dani Babb's Book,The Accidental Landlord Fellow LPA Member, Dr. Danielle Babb is a national real estate expert and author of the new Landlording Book, "The Accidental Landlord".

Get your copy now... with a FREE BONUS! from theLPA.com

Not only is Danielle Babb one of our county's most knowledgeable real estate analysts, she also shares excellent landlord information and advice in her book, "The Accidental Landlord". Plus she's a super nice person! - John Nuzzolese



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CD of landlord forms

FREE BONUS - FORMS DISK
comes with all 2 - 5+ year LPA Memberships

Be a more powerful landlord - able to handle just about any landlord / tenant situation in a professional way, saving you time and money.
ALL FREE with LPA Membership!


Yes, this offer also applies to LPA membership renewals!
Having all the forms all on disk is a handy time saving convenience.


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NEW SITE FEATURE: PICTURES!
Worth A Thousand Words!

The LPA's Rental Advertising division,"Landlord's Corner" allows you to include up to 6 pictures (thumbnails and full size pictures) in each rental ad.

(UNLIMITED FREE ADS come with LPA membership!)

LPA members: FREE!

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LPA Membership Expiring?
Take Advantage of the Renewal Prices!

How to Check your LPA Membership Expiration Date:
  1. Be logged in with your LPA username & password
  2. On the "Main Menu" (top right), click on "Your Orders" (right below your name)
  3. The beginning date of your membership will be listed to the left of your membership order # in this format: YYYYMMDD


NEW! Save Money with our Promotional Membership Renewal Prices!
*Your Membership Expired? No Problem!



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Electronic Rent Collection

LPA members have been asking me for a while now about how to set up automated rent payments with their tenants. I'd like to bring your attention to ClearNow, the leader in electronic rent collection. ClearNow enables you to have your rent automatically withdrawn from your tenant's bank accounts and directly deposited into your bank account.

If you haven't done so already, please check out



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