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Landlord Newsletter March 22, 2011 - Lease Signing |
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March 22, 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.
If possible, the lease should be read and explained to the tenant in person. It is more effective that way. After all, the lease agreement is an instruction manual for how to be your tenant in your rental property. Before turning over a valuable asset for a mere 1 or 2 month security deposit, make sure the tenants understand and agree to all your terms. You'd be surprised at how many people are so eager to just sign the lease without bothering to read it. You can get a real idea of what these people will be like as tenants by how they respond to the terms in your lease.
Remember, the lease is not meant to be used as a weapon, it is a Landlord Protection tool to defend yourself and your property from unscrupulous tenants and difficult situations.  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: I am assuming you have a clause in your lease that he's violating. Maybe you can prove it, maybe not, but do you want to go to court over this? Is the "live-in" creating a problem? You could notify them that you won't be renewing the lease unless the companion is added and rent increased? Can you wait until then? Funny Landlord StoryWhat's a Thermostat?  On a very cold winter day a neighbor called me to tell me that one of my tenants had their windows wide open. I pay for the heat. I immediately went to see my tenant who complained that she had the windows open because her apartment was unbearably hot. I glance at the thermostat to see that it is set to - 80 degrees!!!! As I point to the thermostat in an accusatory way, while attempting to control my temper, she says "what is that?" God bless tenants.
This story was provided by Massachusetts Rental Housing Association (MRHA) If you have a Funny Landlord or Tenant story you'd like to share, please email me at John@theLPA.com Free Form Download Lead Paint DisclosureThis free form is now required by HUD on all housing built before 1978. Landlords and real estate agents must disclose whether or not they have knowledge of the existence of any lead base paint hazards on the premises. Click here for Spanish version
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. "Where's the RENT!?" Excuses"Actually... the rent is not due, since I elect to exercise my right of first refusal." Don'tcha just love it when people are dumber than a piece of wood? Sometimes you just have to take a step back and laugh at the absurdity! Like, is this moron for real? - John, NY "I wanna renegotiate our lease. MY sister is in real estate and she says I'm paying too much." Sorry the lease stands. So does the late fee. Ask your sister if you can stay with her after you are evicted. - Jack Klein, NY
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. 
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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