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Landlord Newsletter January 18, 2011 |
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January 18, 2011  Dear Fellow Landlord, In this issue:
Please e-mail us if you have any questions or would like to add or share any material / information.  Landlord Quiz: You should get all these right. Will you?How do you score as a landlord? Are you prone to landlord traps?Answer the following multiple choice test questions and find out. 1. What should I do if the Tenant doesn't agree to sign my lease because he disagrees with the late fees?
b) make the changes the tenant wants as long as they are legal c) reduce the late fees d) reduce the rent but keep the late fees 2. What 3 things are most important when screening a tenant?
b) The LPA Rental Application c) LPA Prescreening Prospect Card d) access to run a credit report 3. A security deposit is primarily to:
b) hold the rental until the tenant decides to rent it or not. c) secure the tenant's performance according to the terms of the rental agreement d) collect bounce check bank charges that are past due 4. When the tenant signs a completed __________________, the property is usually returned with less damage:
b) LPA Rental Application c) Credit Reporting Disclosure Notice d) Property Condition Report 5. Harry and Sally are constantly clogging their toilet and complaining about it. Each time, your plumber tells you there is nothing wrong with the toilet, but they are flushing objects they shouldn't be. You've already told them not to flush certain items. What form should you use to help with this problem?
b) Lease Violation Notice c) Plumbing Stoppage & Drain Maintenance Notice d) Termination of Tenancy Notice 6. The tenant has not paid the rent. It is the tenth of the month and you haven't heard anything. What form would you use?
b) Lease Violation Notice c) Pay Rent or Quit d) a and/or c 7. The LPA Lease makes tenants
b) pay late fees c) understand what is required of them as a tenant d) wet their pants in fear 8. Tenants can be reported to the credit bureaus through what kind of account? 9. "95% of tenant problems can be eliminated in the... 10. Landlords can warn other landlords by reporting their tenants to
b) any property management company c) Experian, TransUnion and Equifax d) The Deadbeat Database e) a and d  Ask the Attorney
John Reno also does Mortgage Loan Modifications (Nationwide). If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question. Dear Mr. Reno: A: You have to let the Sheriff oust them first before you can reenter - unless the squatter voluntarily vacates. Dear Mr. Reno: A: She's turned in the keys. She's vacated. Anything there is deemed abandoned. Garage sale, E-bay or dumpster - take your pick. 
Winterization TipsSubmitted by LPA Member, Jack Klein Each year we have to remember to takes steps to protect our rental properties from the forces of winter. Below are a few plumbing tips I got from The American Red Cross. Why pipe freezing is a problem Pipe freezing is a particular problem in warmer climates where pipes often run through uninsulated or underinsulated attics or crawl spaces. Preventing Frozen Pipes Before the onset of cold weather, prevent freezing of these water supply lines and pipes by following these recommendations:  Look in the basement, crawl space, attic, garage, and under kitchen and bathroom cabinets. Both hot and cold water pipes in these areas should be insulated. A hot water supply line can freeze just as a cold water supply
line can freeze if the water is not running through the pipe and the water temperature in the pipe is cold. During Cold Weather, Take Preventive Action To Thaw Frozen Pipes Future Protection Heating frozen pipes with a torch is very dangerous, especially if both ends of the pipe are frozen and the pipe is heated from the center. Direct intense heat applied to the center of frozen pipes is likely to cause the water to flash into steam. This steam can cause an extreme build up of pressure that can result in an explosion. Thus it us much better to apply slow gradual heat when thawing frozen pipes.
Like and Dislike Buttons! 
Now you can rate the feedback to the questions posted by yourself and others! Your rating will show readers which answers were most helpful to you. Successful Landlord Wealth Quotes"Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude." - Thomas Jefferson "In two days from now, tomorrow will be yesterday. So, value every day and make it count." - John Nuzzolese "Action is the foundational key to all success." - Tony Robbins "How much did your last tenant problem cost you?"
- John@TheLPA
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!!
FREE LPA Gift with Book Purchase!
Fellow LPA Member, Dr. Danielle Babb is a national real estate expert and author of the new Landlording Book, "The Accidental Landlord".
Not only is Danielle Babb one of our county's most knowledgable real estate anylists, she also shares excellent landlord information and advice in her book, "The Accidental Landlord". Plus she's a super nice person! - John Nuzzolese
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. 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. 
 LPA members: FREE!  LPA Membership Expiring? |
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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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If you turn on a faucet and only a trickle comes out, suspect a frozen pipe. Locate the suspected frozen area of the water pipe. Likely places include pipes running against exterior walls or where your water service enters your home through the foundation.
