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Landlord Newsletter September 27, 2011










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The LPA Newsletter
September 27, 2011

Dear Fellow Landlord

I hope you are in the mood to take a Landlord Test! I've put together some "situational" type questions in this version of the "Landlord Test". In today's newsletter is part 1. Part 2 will be in next week's newsletter. Please let me know what you think of the questions... too easy? too hard?

In this issue:

  • Landlord Test - Situations Part 1
  • Form Download
  • Ask the Attorney, Real Estate Attorney, John Reno
  • John Nuzzolese Success Quotes
  • John's Birthday Promotion!

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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Landlord Test - Situational Landlord Tenant Problems Part 1

Answer the following multiple choice questions by selecting the most correct answer for the situation.

Instructions: Click on the answer(s) of your choice to see if you are correct.
(Some questions have more than one correct answer)

1. Most landlords are more than happy to start off on a good note with their new tenants and will gladly grant them early possession when asked. The Early Occupancy Addendum:

2. Four college students, Joe, Tom, Nathan and Pete signed a lease to rent a house for 2 years. The landlord collected a security damage deposit of $2,000.00 After 10 months, Pete decides to move out and finds James to take his place. Pete collects $500. security deposit from James and asks the landlord to let James sign the lease in order to take himself off the contract. At the end of the term, the home is returned extremely damaged. The damages far exceeded the deposit. Except James was a model tenant and left his room absolutely perfect.
How much of deposit refund from the landlord is James entitled to?

3. What 3 things are most important when screening a tenant? ....

Click to continue the test



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Landlord Tip with Free Form Download
Rental Binder - Deposit Receipt

Many landlords and real estate agents across the US use a basic Rental Binder to secure their rental deals. Although the Rental Binder is often used as a basic rental agreement, it is not and should not be used as a rental agreement or rental application. It is a pre-contract form, a binder receipt, proof that an offer has been made with an earnest money deposit.

Upon written acceptance of the offer by the owner/agent of the rental, it becomes a binder, whereby it is agreed that the rental will not be rented to anyone else before the agreed lease signing date. It is a good idea to use a rental binder form as a first step to solidify your rental deal with a non-refundable deposit, while also settting up the proposed details of your pending lease agreement, such as time, place, date and what the tenant will be expected to bring to the meeting.

Although the binder receipt is included in the LPA Rental Application, this form is especially helpful to rental agents who collect their real estate commission from the tenant because it also provides for a written agreement of the rental commission.

Pre-rental contract form acts as a deposit receiptRental Binder Agreement



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Ask the Attorney

The Landlord Protection AgencyThe Landlord Protection Agency® presents John Reno, Esq., a highly experienced Landlord - Tenant attorney based on Long Island, NY.

John Reno also does Mortgage Loan Modifications (Nationwide).
(Mention The LPA for a 10% discount!)

Dear Mr. Reno:
I have a renter that just moved in. Next thing I know they are trying to run a Landscaping, Construction Business out of there and the property is zoned residential. And can I give them a 30 day notice anytime. Thanks Much.
Sue, MN

A: It depends on your lease. Do you have any restrictions in there? If it's a detailed lease you probably prohibit any unlawful activity. If so serve a Notice of Default and demand to cease and desist. Who knows... Maybe they'll stop the business.

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.

Read more from John Reno, Eviction Attorney



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Quotes by John Nuzzolese

"95% of tenant problems can be eliminated in the screening process."

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

"Many of the best successes are directly related to failures. Don't be afraid to fail because every failure is a lesson, a stepping stone on your way to success."

"You think you know someone? You don't really know them until they've rented from you."

"The best way to avoid tenant problems is to avoid problem tenants."

"DON'T RENT!! if you're not willing to screen tenants carefully. It's just not worth it."

"Believe so strongly in your future that you won't allow timidity to stand in your way."

"If the window of opportunity does not open by itself, YOU must open it."

"He who wants it most and is willing to do what it takes, will get it."

"You know it's possible, so why not really do it?"

"Screening tenants- My motto: 'Guilty until proven innocent.'"

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

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Dani Babb's Book,The Accidental LandlordJohn's 50th BIRTHDAY SPECIAL!
2 FREE BONUS ITEMS with a NEW 5 Year Membership
Receive a copy of "The Accidental Landlord" by Danielle Babb + a NEW LPA HAT!

Offer valid until midnight September 30th, 2011!

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Did You Know...?
If you ordered any LPA forms in the past 60 days, the LPA will credit back to you the cost of those orders when you email us your new LPA Membership order #.

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LPA Membership Expiring?
Take Advantage of our low 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


*Your Membership Expired? No Problem!



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Quick Check Credit Reports, Inc.

If you haven't already, please take the opportunity to sign up for The LPA's Quick Check Credit Reports! Quick Check is a simple, fast way to access online credit reports while saving you money!

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    LPA Members, Interested in past LPA Newsletters? Feel free to view the LPA Newsletter Archive

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