Landlord Newsletter November 15, 2011 |
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November 15, 2011
In this issue:
Please e-mail us if you have any questions or would like to add or share any material / information.
By John Nuzzolese In today’s changing times, technology plays a larger role in the way we do business. More options are available to us in banking, communication and in collecting the rent from tenants. Just as every property is unique, so is every landlord and his business. How landlords and property managers choose to collect rent varies greatly depending on experience and circumstances. There are a number of payment methods available for you to choose from when it comes to collecting rent from your tenants. You can accept your rent:
Accepting rent payments in cash normally means personal contact with the tenant, which can be quite involved at times. You may be thinking, “Cash is the simplest form of payment”, but in reality it can be a royal pain in the neck! Think about the pros and cons and you decide.
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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).
(Mention The LPA for a 10% discount!)
Dear Mr. Reno:
We have a tenant on Section 8 and she is responsible for a portion of the rent. She paid the first 2 months, then just stopped paying her portion. She owes 4 months of rent if you count this Nov. We began the eviction process and are awaiting a court date. She is contacting different charities to cover her missed months. If she comes up with the money, do we have to take it, or can we still go to court and proceed with eviction? We want her out- we cannot afford her not paying and are going to fall behind in our mortgage payments if this continues. Her lease is up April 30, and we have a family member waiting to move in then.
Thank you. - Mrs. M, New Jersey
A: Yes, you have to take it. If they're tendering the rent, as far as the court's concerned, it's "CASE CLOSED".
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.
"The winners in life think constantly in terms of I can, I will, and I am. Losers, on the other hand, concentrate their waking thoughts on what they should have or would have done, or what they can’t do." - Denis Waitley
"Too many of us are not living our dreams because we are living our fears." - Les Brown
"We are what we repeatedly do. Excellence, therefore, is not an act, but a habit." - Aristotle
"Nothing is particularly hard if you divide it into small jobs." - Henry Ford
"How much did your last tenant problem cost you?"
- John Nuzzolese
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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