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The LPA Newsletter September 24, 2013

Dear Fellow Landlord,

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

In this newsletter:

  • First Right of Refusal
  • FREE First Right of Refusal form
  • FREE Quick Check Screening Report (See below for details)
  • Ask the Attorney, Real Estate Attorney, John Reno
  • Success Quotes

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

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First Right of Refusal:
An Almost Option to Buy By John Nuzzolese

First RightOften, rental prospects ask questions like, "Will you give me an option to buy?". In today's economy they are also asking, "Is this home currently for sale?" or "Is this home in foreclosure?" They may ask these questions for a few different reasons.

I find the question, "Will you give me an option to buy?" is asked for two different reasons, depending on the prospect.
a. The prospect may really intend to rent your property and then purchase it, or
b. the prospect wishes to build credibility with the landlord (you) by posing as a potential purchaser, in order to pass your screening process.

The question, "Is the home for sale or in foreclosure?" is asked because we are all hearing horror stories in this economy about people who move into a property and are forced to move out of again in a short time. Are your tenants prospects worried that you might sell the property out from under them or that you might lose the house?

You can assure your tenants that they don't have to worry, by giving them a "First Right of Refusal" addendum with their lease contract. It tells the tenant that they will be given the opportunity to purchase your property first, before making it available to the rest of the market...

Click here to read the full article.



LPA Essential Form Download


option First Right of Refusal Addendum
This Essential Landlord Form is priced at $6.99!
Today LPA Newsletter Subscribers Get it FREE - just like LPA Members do!

Check out more Essential Forms


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Your NEXT Credit Check or National Criminal Report FREE! When you Join the LPA and Quick Check Credit Reports!
(Offer also good for existing account holders
when your renew or extend your LPA membership for at least 1 year)
(OFFER VALID UNTIL 9/30/13)

Quick Check Credit Reports, Inc.

If you haven't already, please take the opportunity to set up your account for The LPA's Quick Check Credit Reports! There is no charge to have an account. You only pay for the reports you order..., unless it is a FREE promotion like this one.
COUPON CODE: QC-LPA9-2013 (VALID UNTIL 9/30/13)
Quick Check is a simple, fast way to access online credit reports while saving you money!

  • NO sign-up or set-up fees,
  • NO membership fees,
  • NO compliance fees
  • Just lower prices!

    Special Tenant Screening Discounts for LPA members. See our price list!



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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:
    Question: we just purchased a house, and will be closing escrow at the end of the week. Currently living in the house is the sellers prior caretaker (prior homeowner deceased, trustee sale), with her mom and son. They are living there at the good graces of the trustee, to maintain the home. There is no lease agreement or any indication that they are paying any bills to live there. The sellers agent has called them "guests" and hasn't given us a for sure date that they'll be gone. Our purchase agreement states that the property must be vacated 5 days prior to closing (today), but this family has shown no indication that they intend to move out. How do we legally get them out ASAP? We want to occupy the home upon close of escrow, we will own it!
    Frustrated,
    Jennifer, California

    A: Why, why why? You should have gotten them out before the closing. Is it too late? Have you paid the $? Someone has to evict them. It should have been them. Now it looks like its gonna be you.

    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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    Tenant Credit Reporting
    (LPA Membership FREE BONUS Feature)

    Tenant Reporting

    Have you ever been beaten by a tenant on the rent?
    Most of us have and unfortunately, it is one of the costs of doing business as a landlord.
    On the bright side, remedies are available. If you have documented your tenancy with the proper paperwork including a rental application, lease agreement, late notices, etc., you may have a chance of collecting.

    Credit bureau reporting is an option in which many modern landlords are beginning to participate....

    Click here for the full article


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    Where's the RENT? Tenant Excuses


    "Juuuust because you are aaaaasking for it .....AGAAAAIN- doesn't mean I'm gonna have it OK!?" I'm not even going to bother with a witty comment. My lawyer is serving eviction papers to this annoying thing. - Jack, NY

    "I have relatives who want to help me purchase the house." The house is not for sale. I asked for the rent. - Submitted by Mercedes, NY

    "The kitchen sink is clogged. This house needs new pipes." Under the lease, the tenant is responsible for ALL PLUMBING STOPPAGES. If they would stop dumping grease and vegetables into the kitchen sink drain (they don't realize we don't have a garbage disposal), we wouldn't be constantly having this problem. - Lydia K., NY

    "I haven't abandoned the premises, I've just moved out." Well, sounds reasonable to me.....NOT!! The lawyer has been contacted and proceeding to the next step. - Submitted by Pam, Marion, Ohio

    "The dishwasher didn't work when I moved in and I know I'm not gonna get my security back so I'm living it out." He knows he's not getting his security back because he trashed the home. - Willi N., New Port Richie, FL




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