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Landlord Newsletter - Pearl Harbor Day 2014 |
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Decmber 7, 2014 "Pearl Harbor Day"Dear Fellow Landlord,
The Holidays seem to have started earlier this year, and I'd like to mention that today is December 7th, Pearl Harbor Day. My visit to Pearl Harbor and the USS Arizona was an experience I'll never forget. Jeanne and I found the USS Arizona memorial a very moving and emotional experience. I have a special coupon code for anyone thinking of joining the LPA, now's your chance to go for it! Coupon Code: PEARL1941In this issue:
In honor of the brave men and women our country lost on this date in 1941, I dedicate this newsletter.
John Nuzzolese Collecting Money Owed by a Tenantby Attorney William Bronchick, Legalwiz.com
Did you ever have to evict a tenant for non-payment of rent, then get stiffed for the bill? You may be able to collect what is owed to you, even years later. First, you need a court-ordered money judgment. If you filed for an eviction in court, you received a judgment and order of possession. The actual name of this court order may change slightly from state to state, but it's the same thing - a document signed by a judge that permits a local sheriff or constable to forcibly remove the tenants from the property. In most states you can also get a money judgment against the tenant, but this requires one of two things: 1) the tenant must have been personally served...
($99.00 sign-up value for other people) Community Buying Group for LPA Members
The LPA has a great new program to help you save money at Lowe’s, Sherwin Williams, Sears Commercial and 20 other suppliers. The best part is that there is no cost to you and existing Lowe’s LAR and Sherwin Williams accounts qualify for additional discounts. Take advantage of this program click here to register (no charge to you) Just one more way the LPA is helping you with your business.
I doubt that you'd let your LPA membership and Quick Check benefits expire, but just in case you haven't joined yet or your account did expire, Click here for our low membership & renewal prices!
The 4 Most Important Rental Forms As landlords and property managers, we all have an opinion of what our favorite rental forms are.
In my opinion, it is a form I created a few years ago, which has really made a positive impact on how my tenants pay their rent. It has actually prioritized their rent in their minds to be just as important as their credit card payments! Yes, it is the Credit Reporting Disclosure Notice to tenant. Before signing the lease agreement, we explain that "we report tenant payment performance" to the credit bureau, it makes a difference....
John Reno also does Mortgage Loan Modifications (Nationwide). Dear Mr. Reno:
I have a tenant who insists on depositing into the bank night deposit, which is not a form of remittance that we want to accept. The bank has lost the deposit and we have had to track it down, and the tenant also says it was deposited on the 3rd, therefore, not late, when the bank does not do the deposit until the 4th (which now IS late). Can I legally tell the tenant that we do not accept that form of payment? It also poses another issue, that when tenant does this, he sometimes does it late (well after 6pm close of bank), so we now have to drive half hour to his house, post a 3-day notice, and then a hour or so later the night deposit is made. It's frustrating and time consuming... what legal rights do we have? A: You created this monster. Now you're stuck with it- unless you kill it yourself. CLOSE THE ACCOUNT! Then its over. Otherwise this will keep happening.
Note: Your lease agreement should spell out exactly how and where your rent is to be paid. You may want to add a Lease Update - Change of Terms as an addendum to your agreement - and consider The LPA Lease next time!
If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
(LPA Membership FREE Bonus Feature) No Court Judgment Needed!
Have you ever been beaten by a tenant on the rent? Credit bureau reporting is an option in which many modern landlords are beginning to participate.... Click here for the full article
Tenant Rent ExcusesFor being late every single month of his tenancy, smoking every day in my nonsmoking building - tenant signed two no smoking agreements prior to move in, despite attorney written warnings & after receiving a 30 day notice to vacate stiffing me on three month's rent. Tenant was evicted, wages garnished, reported to collection agency & credit bureaus. Have fun with that - ex tenant! - Ann, Landlord, SoCal "We have our new car payment to make and we were out of groceries so we spent our check on that, we will pay you when we can but it is really our( grown) son's fault he won't contribute to the household bills or buy groceries for his stepkids..." none of whom are on lease. - Natalie Sterling "Well we was going to have all the rent money but the cops pulled him over an the money's on him, so ... week later oh it was all I had to make bond with." - Shirley, Missouri "Could you please file a Landlord/Tenant Complaint so I can get financial assistance to pay you the rent?" - I did, and they got the financial aid but didn’t give it to me! Her request ended with her eviction -of course! Melissa, PA
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Are you spending money on materials, paint or appliances for your properties? 
Tenant's Notice of Intention to Vacate
This form is used by the tenant give proper written notice to the landlord when the tenant is vacating and states that the tenant will cooperate with showing the property for re-rental or sale. It includes a place for the tenant to give his forwarding address in order to receive any security refund. It is an excellent way to help reinforce proper move-out procedure. We always staple a copy of this notice to the back of the tenant's lease to be used when the time comes for the tenant to give notice to vacate. 