Free Prospect Card
"Of all the sites out there, the LPA by FAR has the most extensive resources, the most knowledgeable help, the most expertise, and is quite possibly the best real estate site I've used in my career."
Dr. Dani Babb, and Author of "Real Estate v2.0" , "Finding Foreclosures", "Commissions at Risk", "Teaching Online", and "The Accidental Landlord". Fellow LPA Member since 2007.
"My LPA Membership has saved me from so many expensive tenant problems, it has already paid for itself many times over." Louis C., LPA Member since February 2001.
The LPA not only lets you share your experience with other landlords, but it will also help to answer your questions. Timothy Spangler, Author of "From the Rat Race to Real Estate", LPA Member since December 2003
The Web site was founded by John Nuzzolese, and he is a “nice guy” like we were when we started. He learned many lessons the hard way, like we did, and so you will benefit greatly from his experiences, and from being part of this group.
Kind regards,
Sandy Midea, Author of "A Fool's Guide to Landlording"
"The LPA Lease has become my favorite lease, and enforcing it with the Essential Forms is even better. Managing my properties (tenants) has become much easier." Jack Klein, LPA Member since May 2001.
"The question should be ..."
"Can you afford not to join The Landlord Protection Agency?
I'm very thankful for all The LPA has done for us. At first we were intimidated by our tenants and the whole process of leasing and managing our rental property. Now we have 3 rentals with excellent tenants!" Carol and Jim S., LPA Members since July 2003
"I'd like to thank Mr. Nuzzolese for sharing his landlording knowledge with us. I find it refreshing to be able to get down to earth articles and real life helpful advice on the LPA website. Gary Smith, LPA Member since 2007
"I cannot express how your products have made my job so much easier. I have peace of mind now knowing that I am protected by the verbiage you have in your contracts. Thank you so much."
Tony Gramm, Aurora, OH
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Real Estate Investing Depot
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The LPA Newsletter January 2009
HAPPY NEW YEAR !
Dear Fellow Landlord,
Happy New Year! I hope you enjoy our first newsletter of 2009!
This month in The LPA Newsletter, we have:
FREE ESSENTIAL FORM download: Criminal Background Authorization & Release Form
New Years Resolutions for Landlords
FREE New Years BONUS from Danielle Babb
Landlord Do's & Don'ts About Tenant Screening
Ask the Attorney, New Q&A with John Reno, Landlord Attorney
Recent Tenant Excuses
Recent Success Quotes
Please e-mail us if you have any questions or would like to add or share any material / information. Again, we wish you happiness and successful landlording throughout this holiday season!
John Nuzzolese
John@theLPA.com
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Landlord Resolutions for the New Year:
I will
- Screen tenants carefully and completely before accepting them.
- Enforce rent being paid on time. Charge late fees and send notices promptly.
- Replace bad tenants with qualified good tenants.
- Do repairs that need to be done. Fix things quickly before they grow into bigger problems.
- Take a serious step to improve myself as a landlord: Read a good landlording book, Join The LPA or another landlord association and learn the details of a good lease agreement.
- Arm myself with the best landlording forms around so I can deal with tenants better.
- Have lease renewal forms with reasonable rent increases ready to go out on schedule.
- I will not return security deposits until after tenants have left and I have completely inspected and deducted for repairs and other charges. For this I will use the Security Settlement Statement.
- Sleep better at night knowing I've got things covered.
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FREE BOOK for the New YearWith a 5 Year LPA Membership or Renewal...
Happy New Year! from Dr. Danielle Babb and The LPA!
We will send you a FREE copy of Dr. Danielle Babb's latest landlording book, The Accidental Landlord along with your LPA welcome pack and Forms Disk!
click here for more info...
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Why Tenant Screening Reports Are ImportantBy Dee Power
Investing in real estate can be a profitable way to increase your wealth in two ways. The first is simply the gain on the property when you sell it. The second is that if the property is leased it can generate an ongoing stream of revenue. In some cases that revenue stream can be enough to pay the mortgage on the property every month.
Most commercial properties depend on rental revenue as a primary factor in their income projections. The value of the property includes the discounted value of the rental revenue in the calculation, as well as the value of the building itself and land.
Residential property, especially single family homes, usually sell on a square footage basis and don't consider any leasing income in the determination of value.
Tenant Screening is a critical aspect of successfully managing a portfolio of residential rental properties. The wrong tenant can not only result in lost revenues but property damage as well...
click for the full article...
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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 independantly for the purpose of tenant screening authorization.
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The LPA's Do's & Don'ts About Tenant Screening:
DO
- Inspect the tenant's actual drivers license and also require a copy.
- Ask the tenant in advance if there will be anything on the credit report he or she would like to explain "so you won't hold it against them".
- Ask the tenant what the current landlord is like. You can learn a lot by what the tenant has to say about the landlord.
DON'T
- Be afraid to ask your questions.
- Worry about losing a deal if the tenants are insulted by the screening process!
- Forget to charge a screening fee! The LPA Rental Application has it built in.
- Run a credit report until after you have verified and are satisfied with all of the screening information the applicant has given you.
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Tenant Excuses
"We're not there anymore. My loser husband abandoned me last week so I moved out too." Hey moron, you have a lease til June! - Shawn, S.C.
"I’m real sorry my tooth got infected and I had to miss a few days of work" This delightful pair has played the sympathy card like a violin. I suspect the rent money is going into the casinos. They purposely asked if the late fee would apply……….I didn’t cave in this time, $25.00 extra. My "nice guy" days are over. - John R-Billings, MT
"My mom and I both are without cars, and can't make it to the bank." How are you AND your mom both without a car?!?!?!? This is the 26th of the month, rent was due by the 5th. That means that you could not find a ride to the bank for the last 21 days? But you were able to find a ride to the mall to do Christmas shopping!! GET OUT MY HOUSE!! - L. Stewart, AL
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Quotations...
"Opportunity is missed by most people because it is dressed in overalls and looks like work." – Thomas Edison
"Every adversity, every failure, every heartache carries with it the seed on an equal or greater benefit." - Napoleon Hill
"When nothing seems to help, I go and look at a stonecutter hammering away at his rock, perhaps a hundred times without as much as a crack showing in it.
Yet at the hundred and first blow it will split in two, and I know it was not that blow that did it – but all that had gone before." – Jacob Riis
"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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- 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!
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Interested in past LPA Newsletters? Feel free to view the
LPA Newsletter Archive
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