Landlord's Kit: A Complete Set of Ready-to-Use Forms, Letters, and Notices to Increase Profits, Take Control, and Eliminate the Hassles of Property Management

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Author: Jeffrey Taylor

ISBN-10: 1427754683

ISBN-13: 9781427754684

Category: Real Estate Management

As seen in news media stories nearly every day, more and more properties for sale are not selling due to an oversaturated market and rising interest rates. Tens of thousands of homeowners have turned to renting out their properties. It is essential that they quickly learn how to market to ideal renters, communicate in such a way to collect timely rent, retain residents long-term, and get them to properly maintain the premises (doing all this without losing everything, including their...

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As seen in news media stories nearly every day, more and more properties for sale are not selling due to an oversaturated market and rising interest rates. Tens of thousands of homeowners have turned to renting out their properties. It is essential that they quickly learn how to market to ideal renters, communicate in such a way to collect timely rent, retain residents long-term, and get them to properly maintain the premises (doing all this without losing everything, including their sanity).In this fully updated and revised edition of the bestselling The Landlord's Kit, Jeffrey Taylor, “Mr. Landlord,” the nation’s leading authority for landlords and property managers, provides every form or checklist a landlord would ever need to communicate with tenants to be successful. From the rental advertisement and initial interaction/screening to leasing, collecting rents, maintenance, lease violations, retention, and property turnover, effective landlord-tenant communications can mean the difference between making big profits or losing thousands of dollars when renting residential properties. Tribune Media Services - Robert Bruss If you own residential rental houses or apartments, or want to some day, you're going to profit from reading "The Landlord's Kit." As a long-time residential landlord of houses and apartments, I related especially well to this book. On my scale of one to 10, this superb book rates a solid 10.

ForewordixPrefacexAcknowledgementsxiIntroductionxiiPart 1Application and Verification1Rental Availability Hot Sheet8Daily Phone Summary9House for Rent10Most Popular Upgrades to Offer All New Residents11Utility Expenses12Follow-Up to Inquiry13Rental Application/Future Homebuyer14Application Addendum--Acceptance of Terms18Holding Deposit Receipt20New Resident Checklist21Priority Waiting List Request23Cosigner Agreement24Pet Application/Registration Form25Consent to Perform Credit, Background, and Reference Checks26Law Enforcement Report Waiver27Employment Verification28Landlord Verification29Questions to Ask Former Landlord(s)30Credit Reference Verification31Bank Reference Verification32Verification and Authorization for Transfer of Security Deposit33Approval of Rental Application34Approval of Additional Resident/Roommate35Rental Application--Return of Deposit36Reason for Nonacceptance37Denial Based on Credit Report38Part 2Leasing Forms and Addendums39Rental Agreement47Property Condition Checklist5330-Day Guarantee54Receipt for Keys55Rent-Up Checklist56Receipt of New Home Manual57Move-In Information for New Residents58Welcome to the Neighborhood!59Announcement and Upgrade Survey to Current Residents60Payday Payment Plan Is Now Available61Invitation to All Residents for Worry Free Payments62Notice of Accountability63Transfer Utilities Form64Move-In Checklist65Roommate Security Deposit Addendum66Option to Limit Future Rent Increases67Pet Addendum68Garage/Storage Rental Agreement69Nonapparent Disclosure70Waterbed Agreement71Oil Agreement72Parking Agreement73Crime Free Lease Addendum74EPA Lead Pamphlet75Disclosure of Information on Lead-Based Paint or Lead-Based Paint Hazards91Military Addendum92Lease Extension Agreement93Notice of Change/Amendment to Rental Agreement94Part 3Collection and Violation Notices95Welcome New Resident and Future Home Buyer102Future Homebuyer Vouchers103Rent Statement/Invoice104Tenant Late Rent Warning and Excuses105Notice of Strict Enforcement of Rental Policies106Rent Payment Schedule Worksheet107Returned Check Notice108Late Fee Due109Notice to Perform or Quit110Rental Upkeep Violation111Excessive Utility Usage112Garbage Violation Notice113Noise Violation Notice114Automobile Violation115Pet Rule Violation116Notice to Pay Rent or Quit117Notice of Attorney Involvement118Ten Reasons Why You Should Not To Feel Guilty about Evictions119Good Tenant Letter12072-Hour Warning Notice to Report Poor Performance121Sample Letter to National Credit Reporting Agency to Report a Judgment122Financial Assistance Available123Partial Payment Acceptance124Promissory Note125Example of Letter to Emergency Contact (Parents)126Notice to Terminate Tenancy127Request for Judgment128Notice of Judgment129Collection Letter130Notice of Debt Forgiveness131Notice to Reclaim Personal Property132No Trespass Notice133Part 4Maintenance and management135Introduction to Property Management Company141Maintenance Guarantee142Emergency Numbers and Regular Maintenance Numbers143Lock-Out Assistance Receipt144Resident Grievance and Appeal Procedure145Inspection Due146Notice of Intent to Enter147Drive-By Rental Inspection Notice148Full Inspection Report149Inspection Failure Report150Free Spring Home Tune-Up151Summer Checklist for Residents152Preparation for Colder Weather153Maintenance Request154Independent Contractor Agreement155Key Release156Time Estimate for Repair157Acknowledgment of Renovation to Be Done158Repair Completion Receipt159Mold Addendum160Safety Letter161Resident Release for Use of Recreational Items162Smoke Detector Check163Satellite Dish and Antenna Addendum164Leakage Letter165Utility Budget Notification166Freeze Warning167Security Notice168Accident/Incident Report169Reward for Reporting Crime170Suspicious Activity Record171Property Management Agreement172Power of Attorney175Part 5Retention, turnover, and advertising177Updated Resident Information185Year-End Resident Survey186Special Thank You Note187Holiday Gift Certificate188Statement to Resident of Interest Earned on Security Deposit189Renter's Insurance190Anniversary Agenda Checklist1913-Star Program Anniversary Letter192Notice of Rent Increase193Renew Early--Save Money194Resident's Notice of Intent to Vacate195Planning to Move?196Notice To Vacating Resident197End of Lease Notice198Response to Vacating with Short Notice199Agreement to Cancel Lease200Relet Agreement201Receive Your Full Deposit Back When You Move!202Security Deposit Refund Requirements203Move Out and Reminder Letter204Resident Exit Survey205Itemization of Security Deposit Return206Vacant Units Checklist207Cleaning Make Ready--Rental Unit Preparation208Vacancy Makeover Checklist209Rental Market Survey210For Rent Flyer211Resident Referral Policy Agreement212Hello Neighbor Letter213Student Housing Letter214Marketing Letter to Local Businesses215Marketing Letter to Brokers216Notice of Sale of Property--Transfer of Ownership217Certificate of Recognition218Final Comments and Challenge219Index221Special Offers225

\ Robert BrussIf you own residential rental houses or apartments, or want to some day, you're going to profit from reading "The Landlord's Kit." As a long-time residential landlord of houses and apartments, I related especially well to this book. On my scale of one to 10, this superb book rates a solid 10. \ — Tribune Media Services\ \