Landlord Newsletter July 12, 2011 |
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July 12, 2011 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 Quiz You 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 click here for the full quiz...
The Landlord Protection Agency® presents John Reno, Esq., a highly experienced Landlord - Tenant attorney based on Long Island, NY.
John Reno also does Mortgage Loan Modifications (Nationwide). Dear Mr. Reno: A: OMG! Is he asking for it? How is this an issue? The answer is "No". He doesn't get it. (CHEEZE!) If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question. The Security Deposit Settlement Statement Have you ever argued with a tenant about their security refund? The Security Deposit Settlement Statement may be used with or without a Move-In/Out Property Condition Inspection Report. This form alone has enabled us to make valid deductions (saving us tens of thousands of dollars in damages over the years) from security deposits without a hassle from the tenants. Don't get me wrong, we are not out to unjustly take security money from tenants! But when deductions need to be made, this form can be a miracle worker. Why? Because it itemizes valid deductions on paper in black and white and now becomes much more difficult for your former tenant to argue with the facts. No more arguing with tenants about their security refund!In the past we've all made some real bloopers of mistakes.How about one of the most common mistakes that many landlords still do all the time? Yes, meeting with the tenant for a walk through* to check the condition of the property and then hand over the security deposit. Often, there is a disagreement over whether the damages were the tenants fault or responsibility, right? Isn't it an awkward position for you to be in when the tenant is a slob and did extensive damage and expects all his security back? Do you tell them that they are slobs? Most of us are glad just to see the tenants leave so we can clean up the property and get better tenants next time. How often do you walk away from that meeting feeling disappointed? ... Excuse of the Weekcomes 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! This offer also applies to LPA membership renewals! Having all the forms all on disk is a handy time saving convenience. Did You Know...? If you ordered any LPA forms in the past 60 days, the LPA will credit back to you the cost of those orders when you email us your new LPA Membership order #. LPA Membership Expiring? |
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