5 Mistakes Landlords Make

Landlord Tip: Prepare New Tenant

Before allowing tenants to sign a rental agreement, it's a good idea ask them to bring a picture ID, the funds certified, money order or cash, plus any other money adjustments that are needed.

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Landlord Q & A Forum

Have Landlord Questions? Looking for Answers? Landlord Q & A Forum

The LPA Lease Renewal Option Notice

The LPA's Lease Renewal Option is more than just a typical lease extension form.

theLPA.com

What do I do when I have to Raise the Rent? Click for the full article

Landlord Tips: Tenant-Finder™ Telephone Worksheet

Landlord Tips: Tenant-Finder™ Telephone Worksheet

Before giving out the address of your rental property and committing your time to a doomed appointment with an unqualified renter, you can use the Tenant-Finder™ Telephone Worksheet to more carefully evaluate which prospects are worth meeting with. Print up a pile of them to screen your next tenant!

TheLPA.com

Tenants HATE Deductions From Their Security Refunds!

5 Reasons Credit Reports Don't Work

What are the 5 reasons credit reports don't work?

Well, credit reports are a tool for tenant screening, and like any other tools, they need to be used properly.

Settlement Charges Guide

How to Approve your New Tenants

Leases Clause Part 9: Appliances

Lease Clauses Part 8: No Smoking

Essential Clause Part 6 - Grounds

Lease Clauses Part 5 - Plumbing Stoppages

Plumbing Stoppage & Drain Notice Click here for the full article

Essential Lease Clauses for which I am Thankful! Segment #4: Maintenance

Essential Lease Clauses for which I am Thankful! Part 1

Essential Lease Clauses for which I am Thankful! Part 2

Essential Lease Clauses for which I am Thankful! Segment #3: No Pets!

5 Reasons Credit Reports Dont Work

5 Reasons Credit Reports Don't Work

By John Nuzzolese

What??? Credit reports don't work? This must be a joke, right? Tenant credit reports are one of the most important screening tools in the rental housing industry.

In order to secure a good tenant for your rental, it is critical that we practice proper tenant screening. This includes verification of all the reference information on a detailed tenant rental application. A credit report is an important final step of verifying the tenant's financial history, or track record.

Credit reports contain important factors in evaluating a person's creditworthiness. Creditworthiness, of course, is what you are looking for if you plan to hand over your rental property to someone.

So What Are "5 Reasons Credit Reports Don't Work?"

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Screening Tools for Before the Credit Report

Tenant Finder ™ Pre-Screening Telephone Worksheet
or The LPA Pre-screening Prospect Card (with html code for Internet ads)
The LPA Rental Application
The Landlord Reference Qualifier
Credit Reporting Disclosure Notice
Tenant Finder ™ Qualifier Chart

What's Your Preferred Method of Rent Payment?

What’s Best for Real Estate Investors : LLC or S Corp?

By Thomas J. Franklin

There are many Real Estate Investors that are unsure whether they should establish a Corporate Entity or not. The primary purpose of having your Real Estate Investments, in a Corporate Entity, is to protect you personally. You want Asset Protection. Ideally, for Buy and Hold Investments, you would want to create a LLC, for each property. This may seem a daunting task; and you may be thinking how to manage all the bookkeeping. Depending on your area and the value of each property, you may want to consider grouping properties into a single LLC that does not exceed a total monetary threshold.

To better illustrate this concept, I will share my Company's Business Model. Each acquisition is placed in its own Clone LLC, with the only member of the Clone LLC being the Umbrella LLC. This funnels all net gains and losses, from each Clone LLC, to ACT Investment Properties, LLC that operates as the Umbrella LLC. This Business Model only requires two Bank Accounts: a Corporate Checking Account and a Corporate Savings Account...

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