The LPA Newsletter April 12, 2011
Dear Fellow Landlord,
Remember: "Tenants show their true colors in pressure situations."
I hope all of your rentals are running smoothly. Enjoy this newsletter.
In this issue:
- Win - Win Situations in Note Purchasing and Seller Financing
- Ask the Attorney, Real Estate Attorney, John Reno
- Free Form Download Lease Addendum
- New Tenant Screening Book
- Wealth Secrets and Success Quotes
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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Win - Win Situations in Note Purchasing and Seller Financing By Thomas J. Franklin
Overview of My Business and Services
I have provided trusted services for over 12 years specializing in purchasing owner financed notes, trust deeds,
mortgages, land contracts, etc. I actively network with hundreds of note buyers and other sources interested in
buying cash flows at a discount. I also assist Real Estate professionals and sellers by providing FREE advice for
structuring notes that have favorable terms for investors to purchase. My company has created a network of Note
Finders that locate notes for sale. When a Finder locates a note, he/ she passes them along to me. For their effort, I
offer rewards, that is secured by a Fee Agreement entered into by my company and the Note Finder, for any referred
deals that close without any additional responsibilities on their behalf.
When I locate a note holder interested in selling their paper, I interview him/ her employing a questionaire to extract
information about the note, the property, the payor, and the needs of the note holder. I utilize the information
obtained to evaluate and grade the note. From the evaluation and grading process, I determine the note's value which
serves to protect the seller from note buyers presenting an unfair bid. Once a note seller has accepted a note buyer's
quote, I facilitate the closing process. For me, it is all about creating a "win-win situation" for all vested parties and
fostering long term business relationships.
Benefits of Owner Financing in Today' Real Estate Market
Seller financing is a "WIN-WIN" Situation for both REAL ESTATE INVESTORS/ LANDLORDS and BUYERS alike.
For REAL ESTATE INVESTORS/ LANDLORDS, offering seller financing creates higher prices, bidding wars,
and competition amongst buyers.
click for the 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.
John Reno also does Mortgage Loan Modifications (Nationwide). (Mention The LPA for a 10% discount!)
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: Question: If the land lord is unable to deliver an eviction notice because
the tenant will not answer the door to sign for certified mail with a return
receipt...what is the next course of action for the land lord? (Is there a
set number of attempted days?)
Thank you Bob Hatcher, Illinois
A: Thankfully, the law in most states does not require actual personal delivery. In my area, it's two or three attempts, then tape to door and mail regular and certified - but every area is different so you have to ask a local attorney.
Read more from John Reno, Eviction Attorney
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New Landlord Tenant Screening Book! Foreword by John Nuzzolese
Tenant Screening Toolkit, By Kim Herbel
One of the most important elements of being successful as a landlord is the practice of proper tenant screening. As a landlord herself, Kim Herbel has learned and mastered the art of qualifying good tenant prospects and eliminating bad ones. The book supplies helpful forms and links to fully prepare the reader with everything needed to screen a tenant. By screening carefully, you will find why I always say, "95% of tenant problems can be eliminated in the screening process!" ... and Thank you Kim, for the opportunity to write the foreward in your book! -John Nuzzolese, President of The Landlord Protection Agency
Kim offers a special 10% off discount coupon code for LPA members and guests, in the book checkout process! Use coupon code: "LPA."
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Need to Add Anything Important to Your Lease?
Free Download Standard Lease Addendum Form
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.
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Special Promotion! FREE Landlord Book + LPA Forms Disk with LPA 5 year Membership package!
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... along with a 5 years of LPA LANDLORD PROTECTION! from theLPA.com
Not only is Danielle Babb one of our county's most knowledgeable real estate analysts, she also shares excellent landlord information and advice in her book, "The Accidental Landlord". Plus she's a super nice person! - John Nuzzolese
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Wealth and Success Quotes
"You can never solve a problem with the same kind of thinking that created the problem in the first place." - Albert Einstein
"There are two ways of exerting one's strength: one is pushing down, the other is pulling up." - Booker T. Washington
"I learned that the easiest and cheapest eviction is the one when the tenants never get possession of your property!" - John Nuzzolese
"Other people's opinion of you does not have to become your reality." - Les Brown
"Give me liberty or give me death!" - Patrick Henry
"How much did your last tenant problem cost you?" - John Nuzzolese
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Quick Check Credit Reports, Inc. is proud to announce its affiliation and partnership with The LPA in helping landlords protect their interests by better screening tenants at lower costs!!
NO sign-up or set-up fees,
NO membership fees,
NO compliance fees
Just lower prices!
Special Tenant Screening Discounts for LPA members.
See our price list!
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FREE BONUS - FORMS DISK comes with all 2 - 5+ year LPA Memberships Be a more powerful landlord - able to handle just about any landlord / tenant situation in a professional way, saving you time and money.
ALL FREE with LPA Membership!
Yes, this offer also applies to LPA membership renewals!
Having all the forms all on disk is a handy time saving convenience.
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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!
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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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Electronic Rent Collection
LPA members have been asking me for a while now about how to set up automated rent payments with their tenants. I’d like to bring your attention to “ClearNow, the leader in electronic rent collection.” ClearNow enables you to have your rent automatically withdrawn from your tenant’s bank accounts and directly deposited into your bank account.
If you haven’t done so already, please check out …
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Interested in past LPA Newsletters?
Feel free to view the LPA Newsletter Archive
What are people saying about The Landlord Protection Agency?
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