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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Overview


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 ...

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Overview


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.

Editorial Reviews

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.
— Tribune Media Services

Product Details

  • ISBN-13: 9781427754684
  • Publisher: Kaplan Publishing
  • Publication date: 12/4/2007
  • Edition description: Revised
  • Pages: 272
  • Product dimensions: 8.50 (w) x 10.80 (h) x 0.60 (d)

Meet the Author

Jeffrey Taylor, also known as “Mr. Landlord,” is the nation’s leading communications expert for landlords and property managers. He has been an owner of numerous rental properties from single family homes to apartment communities for 25 years. He is the founder of Mr. Landlord, Inc., a national property management-consulting firm that coaches landlords.

Table of Contents

Foreword ix
Preface x
Acknowledgements xi
Introduction xii
Part 1 Application and Verification 1
Rental Availability Hot Sheet 8
Daily Phone Summary 9
House for Rent 10
Most Popular Upgrades to Offer All New Residents 11
Utility Expenses 12
Follow-Up to Inquiry 13
Rental Application/Future Homebuyer 14
Application Addendum--Acceptance of Terms 18
Holding Deposit Receipt 20
New Resident Checklist 21
Priority Waiting List Request 23
Cosigner Agreement 24
Pet Application/Registration Form 25
Consent to Perform Credit, Background, and Reference Checks 26
Law Enforcement Report Waiver 27
Employment Verification 28
Landlord Verification 29
Questions to Ask Former Landlord(s) 30
Credit Reference Verification 31
Bank Reference Verification 32
Verification and Authorization for Transfer of Security Deposit 33
Approval of Rental Application 34
Approval of Additional Resident/Roommate 35
Rental Application--Return of Deposit 36
Reason for Nonacceptance 37
Denial Based on Credit Report 38
Part 2 Leasing Forms and Addendums 39
Rental Agreement 47
Property Condition Checklist 53
30-Day Guarantee 54
Receipt for Keys 55
Rent-Up Checklist 56
Receipt of New Home Manual 57
Move-In Information for New Residents 58
Welcome to the Neighborhood! 59
Announcement and Upgrade Survey to Current Residents 60
Payday Payment Plan Is Now Available 61
Invitation to All Residents for Worry Free Payments 62
Notice of Accountability 63
Transfer Utilities Form 64
Move-In Checklist 65
Roommate Security Deposit Addendum 66
Option to Limit Future Rent Increases 67
Pet Addendum 68
Garage/Storage Rental Agreement 69
Nonapparent Disclosure 70
Waterbed Agreement 71
Oil Agreement 72
Parking Agreement 73
Crime Free Lease Addendum 74
EPA Lead Pamphlet 75
Disclosure of Information on Lead-Based Paint or Lead-Based Paint Hazards 91
Military Addendum 92
Lease Extension Agreement 93
Notice of Change/Amendment to Rental Agreement 94
Part 3 Collection and Violation Notices 95
Welcome New Resident and Future Home Buyer 102
Future Homebuyer Vouchers 103
Rent Statement/Invoice 104
Tenant Late Rent Warning and Excuses 105
Notice of Strict Enforcement of Rental Policies 106
Rent Payment Schedule Worksheet 107
Returned Check Notice 108
Late Fee Due 109
Notice to Perform or Quit 110
Rental Upkeep Violation 111
Excessive Utility Usage 112
Garbage Violation Notice 113
Noise Violation Notice 114
Automobile Violation 115
Pet Rule Violation 116
Notice to Pay Rent or Quit 117
Notice of Attorney Involvement 118
Ten Reasons Why You Should Not To Feel Guilty about Evictions 119
Good Tenant Letter 120
72-Hour Warning Notice to Report Poor Performance 121
Sample Letter to National Credit Reporting Agency to Report a Judgment 122
Financial Assistance Available 123
Partial Payment Acceptance 124
Promissory Note 125
Example of Letter to Emergency Contact (Parents) 126
Notice to Terminate Tenancy 127
Request for Judgment 128
Notice of Judgment 129
Collection Letter 130
Notice of Debt Forgiveness 131
Notice to Reclaim Personal Property 132
No Trespass Notice 133
Part 4 Maintenance and management 135
Introduction to Property Management Company 141
Maintenance Guarantee 142
Emergency Numbers and Regular Maintenance Numbers 143
Lock-Out Assistance Receipt 144
Resident Grievance and Appeal Procedure 145
Inspection Due 146
Notice of Intent to Enter 147
Drive-By Rental Inspection Notice 148
Full Inspection Report 149
Inspection Failure Report 150
Free Spring Home Tune-Up 151
Summer Checklist for Residents 152
Preparation for Colder Weather 153
Maintenance Request 154
Independent Contractor Agreement 155
Key Release 156
Time Estimate for Repair 157
Acknowledgment of Renovation to Be Done 158
Repair Completion Receipt 159
Mold Addendum 160
Safety Letter 161
Resident Release for Use of Recreational Items 162
Smoke Detector Check 163
Satellite Dish and Antenna Addendum 164
Leakage Letter 165
Utility Budget Notification 166
Freeze Warning 167
Security Notice 168
Accident/Incident Report 169
Reward for Reporting Crime 170
Suspicious Activity Record 171
Property Management Agreement 172
Power of Attorney 175
Part 5 Retention, turnover, and advertising 177
Updated Resident Information 185
Year-End Resident Survey 186
Special Thank You Note 187
Holiday Gift Certificate 188
Statement to Resident of Interest Earned on Security Deposit 189
Renter's Insurance 190
Anniversary Agenda Checklist 191
3-Star Program Anniversary Letter 192
Notice of Rent Increase 193
Renew Early--Save Money 194
Resident's Notice of Intent to Vacate 195
Planning to Move? 196
Notice To Vacating Resident 197
End of Lease Notice 198
Response to Vacating with Short Notice 199
Agreement to Cancel Lease 200
Relet Agreement 201
Receive Your Full Deposit Back When You Move! 202
Security Deposit Refund Requirements 203
Move Out and Reminder Letter 204
Resident Exit Survey 205
Itemization of Security Deposit Return 206
Vacant Units Checklist 207
Cleaning Make Ready--Rental Unit Preparation 208
Vacancy Makeover Checklist 209
Rental Market Survey 210
For Rent Flyer 211
Resident Referral Policy Agreement 212
Hello Neighbor Letter 213
Student Housing Letter 214
Marketing Letter to Local Businesses 215
Marketing Letter to Brokers 216
Notice of Sale of Property--Transfer of Ownership 217
Certificate of Recognition 218
Final Comments and Challenge 219
Index 221
Special Offers 225
Customer Reviews
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  • Anonymous

    Posted November 10, 2002

    The Landlord's Kit Has Given Me What I Need To Be Successful!

    Thank you so much for providing a book that includes all the rental forms I need to manage my properties more effectively. I couldn't believe this book included more than 100 forms. I've started using the forms to help me increase my rents and my residents are cooperating so much more with everything I ask of them. This book has actually given me a game plan to follow along with some powerful tips so that now I know exactly what and how to communicate with each resident each step of the way in the rental relationship, from the beginning of the relationship to the end. This is awesome; never before have I felt so "in control" of my landlording business.

    3 out of 3 people found this review helpful.

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