The LPA Mini Newsletter November 2009
Dear Fellow Landlord,
I hope this newsletter finds you well. I'm very happy with the recent upgrades installed on our Essential Forms page. Not only have we added a number of PDF forms with fill-in capability, but the forms have been categorized for easier form selection. Be sure to check out the free samples in this newsletter.
In this issue:
- Article: "Credit Reports for Collection Purposes", By me, John Nuzzolese
- Landlord Tip: Rip it Up!
- LPA Essential Forms Upgrade
- FREE GIFT for Newsletter subscribers: 2 form downloads
- Ask the Attorney Q&A with Eviction Attorney, John Reno
- Quotes & Wealth Secrets
Please e-mail us if you have any questions or would like to add or share any material / information.
John Nuzzolese
John@theLPA.com
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Credit Reports for Collection Purposes
Can I Run a Credit Report to Locate my Tenant who Owes me Money?
by John Nuzzolese
A common misconception landlords have is that they can run a credit report on a tenant if they have the tenant’s social security number. You must have the applicant’s written authorization explicitly for running a credit report. It is illegal to pull a credit report without the tenant's written authorization according to the FCRA (Fair Credit Reporting Act). There could be very serious ramifications if you order credit reports without written authorization.
So, what if you have written authorization on your tenant's rental application to run a credit check? ...
click for the full article on how you can run credit reports for collection purposes...
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What Do I Do if the Tenant Doesn't Agree to Sign My Lease?Lease Agreement Cancellation - RIP IT UP!
If the tenant doesn't want to sign your lease, or wants to make unsatisfactory changes in it, rip it up. That's right. RIP UP the lease in front of the tenant and tell him that this is not the right home for him and he is not the right tenant for you.
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Essential Forms Page Upgrade
I'm happy to announce that The LPA's Essential Forms page has recently been upgraded to provide the Essential Forms in 4 categories. Having the forms in 4 categories makes it much easier to locate the forms you are looking for.
The categories are:
1. Leases, Addendums & Disclosures
2. Rental Applications, Tenant Screening, Move-In
3. Lease Enforcement and Rent Collection Forms
4. Property Management Forms
The LPA has also added a number of $1.00 forms to the Essential forms list. These $1.00 forms are also available in the un-editable version on our Free Forms page.
Be sure to save the free download of the new versions below:
Free Download! These Adobe PDF forms can be filled in!
Rental Binder Agreement
This popular Rental Binder is used by many Realtors. Many people actually use it as a basic rental agreement! It's not really meant to be a rental agreement or rental application, but is a pre-contract form used as a binder receipt to show an offer has been made with an earnest money deposit.
Lease Addendum
This is a standard lease addendum form used for making additional information or clauses a part of the lease.
When meeting with the tenants to do a lease signing, we often think of certain rules or clauses we'd like to add into the lease agreement. Most leases and rental agreements do not provide room for extra lease clauses (unless you are using The LPA Lease Agreement in word processor format)
The lease addendum form can easily be filled in at the time of lease signing with topics that are important to you that may not be already included in the lease agreement form. It's a handy form to have in your folder if the need arises to add any special clauses to your lease.
Check out more Essential Forms
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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.
Submit a landlord / tenant question for Mr. Reno Please try to keep your questions as short and to the point as possible.
Dear Mr. Reno: My tenant's lease expired on 10/31/09. They failed to sign the new lease I submitted to them. They paid their rent bi-weekly with a yearly lease. On 11/03/09. they paid 1/2 of the rent. Now, I don't want to renew their lease. I am in the process of negotiating a short sale for the property. Do I have to notify them that they are on a bi-monthly or month to month lease agreement?
I live in Florida.
Thanks for your assistance with this matter. - Sharon N., FL
A: Usually, I have to tell landlords what to do, but you don't have to do anything. They're already on a month to month; they just don't know it yet!
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Read more from John Reno, Eviction Attorney
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FREE LPA Gift with Book Purchase!
Fellow LPA Member, Dr. Danielle Babb is a national real estate expert and author of the new Landlording Book, "The Accidental Landlord".
Get your copy now... with a FREE BONUS! from theLPA.com
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Quotes & Wealth Secrets
"A person who won't read has no advantage over one who can't read." - Mark Twain
"One of my biggest fears is having a tenant with more landlord - tenant knowledge and expertise than I have." - John Nuzzolese
If you want to survive as a landlord, "You can not run your business from your heart. You have to run it from the head." - Nick Koon, Hard Nose Landlording
"Fear melts when you take action towards a goal you really want." - Robert G. Allen
"How much did your last tenant problem cost you?"
- John Nuzzolese, The Landlord Protection Agency
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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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SPECIAL
BONUS FORMS DISK
for New 2
-5 year LPA Members
This offer also applies to 2-5 year Membership Renewals! Check out our low renewal prices *Your Membership Expired? No Problem!
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NEW SITE FEATURE: PICTURES! Worth A Thousand Words!
The LPA's Rental Advertising division,"Landlord's Corner" allows you to include up to 6 pictures (thumbnails and full size pictures) in each rental ad. (UNLIMITED FREE ADS come with LPA membership!)
LPA members: FREE! Non-members: only $5. per ad.
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