|
 |
 |
 |
 |
Landlord Newsletter April 23, 2013 |
 |
|
|
 |
April 23, 2013  Dear fellow Landlord, Can you believe I hear a version of this question all the time? Well, the answer is not as complicated as many people think. In this newsletter:
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. Nonpayment of rent is obviously one of the biggest problems facing landlords. It always was and probably will continue to be. But for now, we can take steps to minimize losses when rent isn't paid. Nonpayment of rent doesn't always mean the rent was not paid. A partial rent payment creates an unpaid portion. In many leases, including The LPA Lease, past due charges such as unpaid late fees are deemed payable as "added rent". Unpaid Added Rent is the same as unpaid Rent, valid grounds for eviction. If you need to collect unpaid rent, there is a legal process that must be followed. When rent is not paid on time, the landlord should be prepared to take action like an automated robot, to collect before too much time passes. Don't be strung along by the tenant waiting for some windfall that may never come.
Like a late rent notice, the LPA Dishonored Check Notice will inform the tenant that the rent check was returned for insufficient funds. It will ask for the balance due along with any applicable bounced check charges, late fees, and daily late charges as agreed in your lease. Remember, a bounced check can cause the rent to be extremely late, thereby placing you at a point in time where you may normally begin eviction proceedings, so it is important to jump on this immediately. The LPA recommends that you check your bank account often to discover bad checks as soon as possible.
The LPA Dishonored Check Notice also contains a checkbox for the option to inform the tenant that personal checks will no longer be an acceptable form of rent payment and that they must now pay the rent in the form of postal money order, certified bank check or cash (cash only if you collect rent in person). The LPA also recommends that when you send a notice like this to the tenant, it is a good idea to copy and paste the late fee and bounced check clause from your LPA Lease to the bottom of the form to show the tenant the penalty fees they agreed to in their lease.
John Reno also does Mortgage Loan Modifications (Nationwide). Dear Mr. Reno: A: Forgery is a crime, punishable by a fine or imprisonment. Unfortunately, it is not grounds for eviction. Give notice of non renewal for 9/30. If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.  and 
instant download access. *** $5.00 Coupon CODE: SPRING-5 ***
Includes the LPA Forms disk and instant download access. *** $15.00 Coupon CODE: SPRING2013 ***
Expires Friday 4/26/13!The LPA will honor these coupon codes for New Memberships and renewals only! This offer is valid ONLY with one of the above Coupon Codes!
How much MONEY did your last tenant problem cost you? . . . $100.00? ... $500.00? ... $5,000.00? ... MORE? How about the next tenant problem? Don't Wait! "I expect your LPA Membership and arsenal of Essential Landlord Forms to save you from countless pitfalls and thousands of dollars on tenant related expenses in the coming years!" - John Nuzzolese, The Landlord Protection Agency, Inc.
Wealth Secrets and Success Quotes"Time is more valuable than money. You can get more money, but you cannot get more time." - Jim Rohn, Motivational Speaker "The best minds are not in government. If any were, business would hire them away." - Ronald Reagan "The decisions that you make each day can actually catapult you to that next level of achievement." - Robert G. Allen "If you want to be a good landlord, you HAVE to know how to screen tenants well." - John Nuzzolese, TheLPA.com
 Take Advantage of our low Renewal Prices! How to Check your LPA Membership Expiration Date:
 
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! What are people saying about The Landlord Protection Agency? |
|
  
|
|||
|
|||||||
© 2000-2024 The Landlord Protection Agency, Inc.
One fact of being in the landlord business is that rent checks will occasionally bounce. When that happens, you, the landlord will probably not find out the rent check was returned until 3 or 4 weeks later, depending on how efficient your bank is.
LPA Dishonored Check Notice
