Recent 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!
John Nuzzolese
John@theLPA.com
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Foreclosure Freeze - Who Does It Help, How Does It Work, What To Know
By Dr. Danielle Babb
There is a lot of misconception out there about the foreclosure freeze and who it really helps, what it takes to qualify, and how it works. My goal is to demystify it a bit. I have listed some bullet points to help:
The freeze is temporary. It freezes legal efforts to remove delinquent borrowers for 30 days while lenders and borrowers work together on a payment plan.
This is a joint effort by 6 of the nation's largest lenders
One big difference between this and other options discussed in the past is that it is available to people regardless of their loan types. Even if you do NOT have an ARM, it may help. (Some people have Pay Option ARMs or fixed rates that are high, too). (ARMS have the highest rate of delinquency though)
The borrower does not need to be subprime to qualify as with other programs like the Bush plan. Any kind of mortgage is okay.
When does the homeowner qualify?
Once they are 90 days or more behind in their payments....
click for Dani's full article...
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Ask the Attorney
The Landlord Protection Agency® is proud to introduce John Reno, Esq., a highly experienced Landlord - Tenant attorney based on Long Island, NY.
If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
Dear Mr. Reno:
My former tenants moved to Florida from Connecticut owing me a few months rent and leaving the apartment a mess. I was able to find their new location by doing a "people search" online. Is there a way to recover the past due rent amounts from them even though I did not get a court judgment against them? There are a number of websites out there claiming that they can recover past due rents around the country and report deadbeats to the credit reporting agencies, are these legitimate?
Thanks in advance for your response.
Regards,
Holly, NY
A:
You can't collect without a judgment. You can refer matter to a collection agency which can send threatening letters, but that's all they can do without a judgment.
Dear Mr. Reno:
I have a lease with tenant that has lapsed into a month to month for over a year.
One of the lease provisions is that he clean up the lot by a certain date long passed. The rent has been paid up to now. In general, what are the ramifications of leases that have gone month to month, long term, and could the clean up requirement be made retroactive before eviction? Thanks. Ernie Millen, Salem OR
A:
The general rule of thumb is that when the lease expires, the same terms continue except on a month to month bases. Thus (unless OR has some special rule) the clean up condition continues in effect.
Read more from John Reno, Eviction Attorney
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The Armchair Real Estate Investor, By Robert Irwin
Featuring The LPA.com !
Everything you need to know to profit from real estate you can learn online including finding valuable properties, buyers, sellers, financing, closing solutions and more.
Robert Irwin is the bestselling author of more than 50 books on real estate. His career in the real estate industry encompasses more than three decades of experience as real estate broker, landlord, and consultant to lenders, agents, and investors.
Bob Irwin is a great guy, and a very knowledgeable real estate expert. I am honored to have The Landlord Protection Agency featured in his latest book. - John Nuzzolese
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What do I do if....
the Tenant Argues About Deductions From the Security Deposit?
Have you ever had a tenant agree with the deductions you've had to take out of their security deposit? It would be extremely rare if you had. Most tenants are offended and hostile once they realize you have not returned their full security deposit. Even after doing all your landlord homework and supplying them a copy of your filled out and completed Security Settlement Statement and Property Condition Report & Checklist signed by the tenants themselves, you will still have an argument from some tenants. More often than not, an offended tenant will threaten to sue you for the deposit. The arguments and calls from the former tenants can turn into harassment and encroach on your valuable time and business. If you feel the situation is heading in that direction, it may be time to use the Security Settlement Challenge Crusher. I have used this tool many times and it has worked every time.
The purpose of the Security Settlement Challenge Crusher Letter is to quickly squash any unfounded tenant arguments about deductions from the security deposit refund.
Even though the Security Settlement Statement has already itemized the deductions in detail for the tenant, some people will still be determined to fight for what they feel is their money.
If you've held back deposit money from former tenants, you have probably been through some uncomfortable confrontations...
click for full article...
Printer
Friendly Version of this Article
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Free Form Download
Do you have what you need for a Criminal Background & Credit Check?
The Criminal Background Authorization & Release Form will remove any doubt of whether the tenant is being up front with you. Not only will you have the tenant's full authorization to do a criminal report with law enforcement agencies, you also have the written authorization required to obtain a credit report.
The fact that the tenant has nothing to hide and is willing to release credit and criminal (if any) history to you shows good faith and cooperation in the screening process.
This form can be used in addition to the LPA Rental Application or independently for the purpose of tenant screening authorization.
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Back by Popular Demand! Super Screening Timesaver!
FREE HTML Code for your Internet Ad's Pre-Screening Prospect Card
I recently began using a basic little chart on my internet rental ads that have made quite a difference in setting up appointments. I used to advertise in local newspapers, but websites like Craigslist have been a helpful way to save advertising dollars!
Just paste the code below into your html internet ad so your prospects can respond by e-mail giving you the information you need to know before setting up appointments!
Don't let unqualified losers waste your time on the phone. Narrow them down before you talk to them.
The code below is for the following chart:
Any questions or
to arrange appointments,
please
e-mail us with the following information:
Thanks!
Click here if the html code does not appear on your e-mail
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Tenant Excuses
"I know it’s the 28th of the month, but I’m waiting for my husband to give me his half for the rent." I asked the wife to at least pay what she can on time, and she said "Oh no, I wouldn’t do that…making partial payments is bad business." - Sandra, Palm Beach, FL
"My boyfriend just became my fiancee! He proposed to me last week!" - After saying congratulations, I asked again for the rent. She told me she won't be paying me anymore rent. She and her "sweety" have to save for a larger place. I told her I'll see her in court. - Lisa D., GA
"We can't pay the rent because the address on our check is wrong."
Meanwhile they told they mailed out the rent 3 weeks ago - Jennifer W.
"I don't want to give you a check if I don't have the money. I can't tell you why I don't have the rent. It's personal." - JC, BVR Management, NY
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Quotations...
"People with goals succeed because they know where they are going... It's as simple as that." - Earl Nightingale
"You think you know someone? You don't really know them until they've rented from you." - John@theLPA.com
"If you do not conquer self, you will be conquered by self." - Napoleon Hill
"Fail to prepare; Prepare to fail." -
Anonymous
"How much did your last tenant problem cost you?"
- John Nuzzolese
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Books by LPA Members
The Landlord Protection Agency is proud to recommend the following landlord books written by LPA Members, Dr. Dani Babb, Robert Irwin, Timothy Spangler, Tony & Sandy Midea and Dan Auito. Just click on the book for more information about it.
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LPA Membership Expiring?
Take Advantage of the Renewal Prices!
How to Check your LPA Membership Expiration Date:
- Be logged in with your LPA username & password
- On the "Main Menu" (top right), click on "Your Orders" (right below your name)
- The beginning date of your membership will be listed to the left of your membership order # in this format: YYYYMMDD
NEW! Save Money with our Promotional Membership Renewal Prices!
*Your Membership Expired? No Problem!
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Make money as an LPA Affiliate!
Starting 6/1/07: We're DOUBLING your referral fees so you can earn twice as much!
No more 10% referral fee, it will now be 20%!
Earn a 10% commission on all
orders placed with The Landlord Protection Agency by customers that you
refer to us!
You get paid for each order placed through your specially coded internet address for The LPA site!
How many landlords do you know?
Join The LPA Affiliate
Program!
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SPECIAL
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for New 2
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This offer also applies to 2-5 year Membership Renewals!
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*Your Membership Expired? No Problem!
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The LPA's
Free Bonus for all LPA Members.... Click for more information.
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Interested in past LPA Newsletters?
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