Landlord Mini Newsletter Mid November 2009 |
Dear Fellow Landlord,
In this issue:
Please e-mail us if you have any questions or would like to add or share any material / information. Landlord Quick QuizYou know this stuff, don't you?Answer the following multiple choice quiz questions and find out.
Instructions: Click on the answer(s) of your choice to see if you are correct. 1. What should I do if the Tenant doesn't agree to sign my lease because he disagrees with my very reasonable late fees?
b) make the changes the tenant wants as long as they are legal c) reduce the late fees d) reduce the rent but keep the late fees 2. What 3 things are most important when screening a tenant?
b) The LPA Rental Application c) LPA Prescreening Prospect Card d) authorization to run a credit report 3. A security deposit is primarily to:
b) hold the rental until the tenant decides to rent it or not. c) secure the tenant's performance according to the terms of the rental agreement d) collect bounce check bank charges that are past due How to create an LPA account with a username and password.
click to see the video
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Have you ever met prospective tenants at your rental property, shown it to them, had them fill out a rental application only to find that they were nowhere near qualified? A simple pre-screening telephone interview can be a major time saver. Why not focus your attention on the most qualified prospects?
Before giving out the address of your rental property and committing your time to a doomed appointment with an unqualified renter, you have a chance to more carefully evaluate which prospects are worth meeting with.
I feel very strongly about strict tenant screening, which begins at First Contact with the tenant. First Contact is when you speak with the potential tenant for the first time, usually when they respond to one of your rental ads. At that point, you have the opportunity to learn what you can about this person's current situation. Are they employed? Can they afford your rental? Do their moving dates correspond with your rental's availability? Is their credit rating acceptable? And so on.
After completing your Tenant-Finder™ Pre-Screening Telephone Worksheet, you can use the scoring area to evaluate your new prospect. Print up a pile of them to screen your next tenant!
Eliminate bad tenant risks before spending your valuable time on them.
"Eliminating a bad tenant before I even have to meet him is what I consider the cheapest eviction I can have!" - John@theLPA
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.
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"You waited too long to cash my check, so I spent the money with my debit card! It's your own fault." I deposited this tenant's rent along with my other rents on the 4th of the month. Doesn't she keep track of the checks she writes before spending what's in her account? How can this be my fault? I have to charge a bounced check fee. Thank you LPA lease. - Gabriella in IL
"I thought if I kept quiet, you might forget about this months rent payment." - Yeah, I see.... the eviction notice got your attention, huh? - Faith, Levittown, NY
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