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Landlord Newsletter Late August 2010










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The LPA Newsletter
August 24, 2010

Dear Fellow Landlord,
With the "Back to school" season here, we encourage our children to learn, but what about us? Do we, as investors and landlords continue to learn? You bet! For me, a great quote comes to mind: "It's what you learn after you know it all that counts." - John Wooden
Enjoy the newsletter ... and thanks again for supporting The LPA!

In this issue:

  • Article: How to Handle Occupied Properties For Sale
  • FREE Early Occupancy Form
  • Ask the Attorney
  • Wealth Secrets & 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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How to Handle Occupied Properties For Sale
By Lambert Munz MPM, RPM, Arbour Real Estate Mgmt, Inc.

Author of House Investor's ManualLambert Munz, MPM, RPM, Arbour Real Estate Mgmt, Inc.

Our leases, and many others, address the showing of units to prospective buyers. The agreement language refers to this as "exhibiting the premises to prospective or actual purchasers". When a tenant is given notice to allow agents to show units as well as being reminded that their lease requires them to do so, guess how they feel. They are upset because a) strangers are going to disturb their daily routine and work schedules. b) They are going to be kicked out as soon as it sells. At this point they do not give a tinker's damn about the owner's need to sell. They are going to be hard to reach and are not going to cooperate by taking off work to show units. Also, the tenants are probably in no mood to clean the unit every time an agent calls. What about putting a lockbox on door allowing agents to enter when the tenant is gone? At our company, we reserve the right to cancel our contract if...

Click to read the full article

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Free LPA Form Download
Early Occupancy Lease Amendment

"Can we have the keys a few days early?"

How often do your new tenants ask if they can have the keys a few days before the lease begins?

Many landlords are only too happy to start off on a good note with their new tenants and gladly grant them early possession.
But wait! Are you getting paid for those days? Many landlords don't even think about what those free days are worth. (If you prorate the monthly rent by dividing the rent by 30 days, you'll get the daily amount per day) - On the other hand, the tenants may be doing you a favor by taking the property "a few days early" by getting the utilities into their name instead of yours.

More importantly, many landlords don't even realize the ramifications liability-wise when the they allow tenants to pre-occupy the rental before the lease begins...

Click for the full article

Please download a free copy to add to your arsenal of landlord forms!

Free Download!

Early Occupancy Lease Amendment



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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
Please try to keep your questions as short and to the point as possible.


Dear Mr. Reno:
My home burnt down and my tenants lost a lot of belongings and refused to try and salvage the rest. They are suing me for the loss of their property now. I filed my deny of allegations. Can they win? They did not have renters insurance.
Kenneth Delaune, Louisiana

A: I won a 16,000 judgment against house burning tenants, but that's because they defaulted, which you have avoided, so good job there. The tenants have to prove you were negligent. How did it happen? Inquiring minds want to know.

Read more from John Reno, Eviction Attorney



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Quotes and Wealth Secrets

"It's what you learn after you know it all that counts." - John Wooden

"A mind stretched to a new idea never goes back to it's original dimension." - Oliver Wendell Holmes

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

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

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

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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!!

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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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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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