Landlord Newsletter Holidays 2012

Dear Fellow Landlord,

On behalf of my family and The LPA staff, we wish you a happy and safe Holiday Season!

In this newsletter:

• William Shatner Holiday Safety Tip
  
• Article: Why you need Renters Insurance
  
• LPA Holiday Coupon Code
• Pay Rent Build Credit with ClearNow
  

Please e-mail us if you have any questions or would like to add or share any material / information. Have a great month and an even more successful year ahead.
John Nuzzolese
John@theLPA.com

Holiday Safety
William Shatner Saves The World From...
Exploding Turkeys!?
Actor Joins State Farm to Create Online "Docudrama" to Raise Eyebrows and Awareness about the Dangers of Improper Turkey Frying

Click to play video

click for the full article...

The landlord's insurance only covers the property the rental is in. – not the tenant's belongings or tenant liability for accidents. If the tenant's possessions are stolen during a break-in or damaged by a fire or severe weather, a renters insurance policy will allow the tenant to recover their value. If someone is injured during an accident in the rental, renters insurance will help protect the tenant in the case a liability lawsuit.

Common myths about Renters Insurance

Tenant: "Renters insurance coverage is expensive."

State Farm® renters insurance is remarkably affordable. For just pocket change a day, our policy can provide affordable basic protection of tenant's personal property and can protect them in case of a liability lawsuit.

Tenant: "The landlord's insurance covers me."

The landlord's insurance generally only covers the property itself that is rented - not the tenant's personal belongings and your liability.

Tenant: "I don't need personal liability insurance."

The landlord's policy most likely does not include liability for something that happens in rented residence. The tenant could be held responsible for injury to another person or damage to another person's property if an incident occurred within the rented residence, or elsewhere. Without liability coverage, the tenant's current and future earnings could be at risk. Renters insurance coverage may also provide legal defense costs.

Tenant: "I don't own very much."

Most people's belongings are often worth more than they think. That's one reason why tenants need Renters Insurance coverage.

The above information was provided by State Farm Insurance.
State Farm Is There
More Americans buy renters insurance from State Farm than any other company. With a State Farm renters insurance policy, you can:
Insure your possessions at their full replacement cost.
Cover yourself in the case of a liability lawsuit.
Access State Farm’s 24/7 claims service.
Work with one of our 17,000 Agents.
Logon to statefarm.com to manage your policy, submit a claim, or contact your Agent.

HOLIDAY SPECIAL!
$5., $10., or $25.! 3 ways to Save Now!

SAVE $5.00 Now on a new 1 year membership!
instant download access.
*** $5.00 Coupon CODE: LPA-HOLIDAY-5 ***

SAVE $10.00 Now on a new 2 - 4 year membership!
Includes the LPA Forms disk and instant download access.
*** $10.00 Coupon CODE: LPA-HOLIDAY-10 ***

SAVE $25.00 Now on a new 5 year membership!
Includes the LPA Forms disk and instant download access.
*** $25.00 Coupon CODE: LPA-HOLIDAY-25 ***

Expires MIDNIGHT 1/1/13!
The LPA will honor this coupon code for renewals too!

FYI : Save money on Renewals!
Renewing Now still ADDS the
FULL Renewal Time to the end of your current membership!

(or if expired, renewal time starts now!)

This offer is valid ONLY with one of the above Coupon Codes!

Experian provides renters with an opportunity to build credit history through new collaboration with ClearNow® Renters of any size or type of residential property can now work with their landlords and ClearNow to report their rental payments to Experian RentBureau

Experian, the leading global information services company, announced that it has extended its capability to accept rental payment data from individual landlords and property managers through its new collaboration with ClearNow®. ClearNow offers a low-cost and easy solution for collecting and making payments electronically and automatically. Experian, through its RentBureau business, currently receives rental payment data from more than 3,000 apartment communities, most of which are managed by large property management companies. Whether a renter lives in a large apartment complex or rents from a landlord that only manages one property, Experian now will provide an opportunity for all renters to build credit history through rental payments.

"We’re thrilled to offer a simple way for many responsible Americans to get the credit they deserve by making their rental payments as agreed," said Steven Wagner, president, Experian Consumer Information Services. "In the past year, we have led the industry in helping renters build credit history, and with the latest collaboration with ClearNow, we are achieving another major milestone."

ClearNow allows landlords and property managers to electronically collect rent from their tenants via an automatic bank account debit. This relationship will allow renters to enjoy the convenience of automating their rent payment, which can help avoid late payments, and opt in to reporting their rent payment history to Experian RentBureau. Experian currently includes rental payments on its credit reports which helps many responsible renters build credit history.

Real Estate Attorney John Reno, an expert in landlord tenant legal matters, has specialized in landlord tenant law for many years. Mr. Reno answers questions asked by LPA members to help solve all kinds of landlord tenant problems.

Dear Mr. Reno:
I have a tenant that does not pay rent or utilities, she works full time and over time but pays no bills. Her family keeps her at a safe distance from them, I suspect she uses drugs. She has four (4) children and I have notified DFACS. With the exception of not paying rent she takes care of the house inside and out. I want to know if there is anyway I can garnish her wages for back rent of over $3500.00 and continue garnishment for future rents. She does not have a vehicle, is a pathalogical liar, promises to pay but after she gets her pay check it disappears. therefore is it possible to garnish her wages. Thanks
Veronica S., GA

A: That's a novel idea. I have never heard of garnishing a present tenant on and on into the future. First of all, you need a judgment to do a garnishment, so there has to be court first. The Court with a tenant is usually an eviction- so you'll have a judgment, but no tenant. I don't see how you keep both.

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.

Settlement Charges Guide

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
   

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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