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Archive for 2008

« Previous Entries

Holiday Recipes from Renting Authority

Tuesday, December 23rd, 2008

Lemon Bars

Ingredients:
•    2 sticks (8 ounces) butter
•    2 cups flour
•    1/2 cup confectioners’ sugar
•    4 beaten eggs
•    2 cups sugar
•    4 tablespoons flour
•    1/4 cup lemon juice
•    1 tablespoon finely grated lemon peel
•    sifted confectioners’ sugar
Preparation:
Heat oven to 325°. Blend butter, 2 cups flour and 1/2 cup confectioners’ sugar. Pat into ungreased 13×9x2-inch pan. Bake for 18 to 20 minutes. For filling, blend together eggs, sugar, 4 tablespoons flour, lemon juice, and lemon peel. Pour over first layer. Return to oven and bake at 325° for 20 minutes. Loosen around edges, cut into bars and sift confectioners’ sugar over the top while warm.

WASSAIL DRINK
1 gal. apple cider, plain
1 qt. orange juice
1 c. lemon juice
1 qt. pineapple juice
24 whole cloves
4 sticks cinnamon
1 c. sugar
Mix all ingredients and simmer 10 minutes. Remove cinnamon and cloves. May be kept in crock pot on simmer to keep hot. Great for get togethers when it’s cold.

Egg Nogg recipe

12 Egg yolks

3 pints heavy cream
1 cup granulated sugar
nutmeg
1 cup bourbon whiskey
1 cup cognac
1/2 tsp salt

Beat yolks until light in color. Slowly add bourbon, cognac, while beating at slow speed. Chill 3 hrs. Add salt to whites, beat to peaks. Whip s cream until stiff. Fold whipped cream into yolk mixture, then fold in the beaten egg whites. Chill one hour. Serve with nutmeg sprinkled on top. For thinner mixture add 1 or 2 cups of milk. Serve in a punch bowl or another big bowl.

Happy Holidays from Renting Authority,

Troy Boldt

888-674-9181

tboldt@rentingauthority.com

http://www.rentingauthority.com

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Posted in Landlord Basics | 7 Comments »

The 12 Days of Tenant Screening

Wednesday, December 17th, 2008

I am giving someone a 1 year membership upgrade for free.  That’s a $119.40 value.

In the holiday spirit, I wrote my own 12 days of Christmas.  I call it The 12 Days of Tenant Screening.  I wanted to sing and record it for you, but after one recording, I scraped the idea.  Your ears will thank you for this.  Here are the words.

Enjoy

On the first day of tenant screening

My reports returned the following to me:

1 And a perfect credit score

2 Forgeries

3 Late pays

4 Poor credit scores

5 Burglaries

6 Liars lying

7 Falsified Docs.

8 Tenants paying

9 Armed robberies

10 Dealers dealing

11 30 day lates

12 Rent checks bouncing

Contest Rules

Write and or sing your own version and email it to me.  The winner receives 1 year free membership upgrade. I will also post the winning lyrics on our site.

Here is my favorite 12 days of Christmas from Jeff Foxworthy.  Don’t watch it if you don’t want to laugh.

http://www.youtube.com/watch?v=suqWNk1vi0o

Have a great Holiday,

Troy Boldt

888-674-9181

tboldt@rentingauthority.com

http://www.rentingauthority.com

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Posted in How to Screen an Applicant, Landlord Basics, Landlord Nightmares | 4 Comments »

Easy Guide to Read a Credit Report

Monday, December 8th, 2008

Credit Score
The credit score indicates what type of a credit risk a person poses to a potential creditor.  Here is a simple break down:

550 and below is poor
600 to 650 is fair
651 to 700 is good
701 to 750 is great
750 plus is excellent

Report Summary
This report shows the number of 30, 60, and 90 day late payments a person has.  This section also shows credit limits and the amount of debt a person has.

Collections
This section shows which accounts have gone to collections.   You can view the  debt amount and if the debt is  paid off.

Public Records and Judgments
This area shows bankruptcies, liens, judgments, and evictions.

Creditors and Financial Obligations
This gives a detailed account of extended credit.

Other Reports
We have created an Applicant Rating Report.  This helps you know how one applicant compares to other applicants across the country.  Use the drop down menu in the credit report to view the Applicant Rating Report.

If you need any assistance, please call, email or chat online.
Thanks,

Troy Boldt

888-647-9181

tboldt@rentingauthority.com

http://rentingauthority.com

Online support at:

https://messenger.providesupport.com/messenger/chazing.html

Join the forum discussion on this post - (16668) Posts

Posted in How to Screen an Applicant, Landlord Basics | 1 Comment »

Should I charge an application fee?

Tuesday, November 25th, 2008

Several landlords have asked, “Should I charge an application fee?” My answer astonishes some. It is simply YES.

Three reasons why:

1.     Application fees start the filtering process

If an applicant is unwilling to pay an application fee, you may have a difficult time collecting rent.  You are in charge, it is your asset, and you make the rules.

2.     Covers your costs
Screening prospective tenants cost you time and money.  Recover as much money as possible.  If you have to screen 4 tenants to find the right one, it will cost about $100.  Don’t go in the hole $100.  Collect the application fee upfront.

3.     Being consistent on application fees reduces discrimination lawsuits
Charging differing prices and not charging at all on some applicants, opens you up for a lawsuit.  Charge a consistent fee.  Even if you feel sorry for someone. Please don’t misunderstand me.  I am not being cold hearted.  Attorneys look for inconsistencies like this to create a discrimination lawsuit.

If you have any questions or comments, please email me.

Sincerely,

Troy Boldt

Renting Authority
888-674-9181

tboldt@RentingAuthority.com

www.RentingAuthority.com

Posted in How to Screen an Applicant, Landlord Basics, Uncategorized | No Comments »

Discrimination Quiz

Monday, November 24th, 2008

Please read this.  I never want this to happen to you.
Take this short illegal discrimination quiz.  See if you are inadvertently discriminating.
Have you ever done the following?

  1. Told an applicant there is not an opening because you did not want to rent to that person, when there really is an opening.
  2. Advertised in such a manner that indicates a preference base on group characteristics, such as skin color or sex.
  3. Set restrictive standards for certain applicants and not others, such as higher income.
  4. Refusing to reasonably accommodate the needs of disabled clients, such as hearing dog, sight dog, or other service animals
  5. Had different sets of late payment penalties for different tenants.

The Fair Housing Acts prohibit landlords from taking any of the above actions based on race, religion, or any other protected category.

Consistently using a standard application protects you from costly lawsuits.

Using Renting Authority’s rental application and tenant screening process help you avoid discrimination lawsuits.  They are a great tool that you now have access to.

Don’t worry, Renting Authority provides you with the best rental applications at no cost.

Follow this link and customize your rental applications today.  Select print application or email application.

www.toolbox.rentingauthority.com
Sample application
http://www.rentingauthority.com/videodemo/genericapp.html

Email an application to yourself

http://www.rentingauthority.com/videodemo/genericapp.html

Have a great day,

Troy Boldt

888-674-9181
tboldt@rentingauthority.com
www.rentingauthority.com

Join the forum discussion on this post - (8) Posts

Posted in How to Screen an Applicant, Landlord Basics, Uncategorized | No Comments »

Renting Authority Gives Back

Tuesday, November 11th, 2008

Last year our family visited Best Friends Animal Society located in Southern Utah.  They take care of about 2,000 dogs, cats and other animals, who come from shelters and rescue groups around the country.  Only Best Friends provides the special care they need.

When the animals are healthy, they help find them new homes.  This is an amazing charity.  At the end of our visit, I showed my support by purchasing some items in their gift shop.

A few months after the trip, I wondered, how can I still support Best Friends Animal Society?

Believe it or not, a friend introduced me to Uplej not long after. He explained I could donate to charities of my choice with Uplej.  Best Friends Animal Society was a charity Uplej supports. I signed up online, Uplej collects the money from me automatically and they pass the donation along to them or any charity of my choice.

Uplej helps hundreds of charities raise money.  They leverage the power of social networking to accomplish this.  It is free to sign up and become an advocate for your favorite charity. You don’t need to pledge any money to make a difference.

If you can spare 2 minutes to sign up, please do!! Simple instructions are written below. All that’s required is your email, first name, last name, a uPlej user name, and then you choose a uPlej password. That’s it!

uPlej is a website designed to help charities raise money. I’ve chosen the Best Friends Animal Society as my charity, but you could choose another. They offer free accounts, so you can be an “Advocate” or a “Donor.” To register follow these easy steps:

  1. Visit our uPlej page by clicking here www.uplej.com/rentingauthority
  2. Click on “Join Free!”
  3. Fill out the form (new uPlej username, your email, new uPlej password, first name, last name, select your charity, & click “sign up for free”)
  4. On the second page, select if you want to donate ($4.79/month to charity) or have a free “advocate” membership ($0.00, so you’re not required to pay anything)
  5. That’s it! You’ll get an email confirming your registration, and just a few minutes later you’ll be added to our “friends list”

If you can, please pass along this information to anyone you think would help out! If you’re married, both husband and wife can register.

Give to your favorite charity today or become an advocate. Click here now

Thanks for your support,

Troy Boldt

888-674-9181

tboldt@rentingauthority.com

www.RentingAuthority.com

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Posted in Important Links | 25 Comments »

You must have an online presence!

Friday, November 7th, 2008

Finding apartments has become an online endeavor!

Over 90% of applicants say they look online first when apartment shopping.

But you’re a landlord not a webmaster.  That is exactly why Renting Authority’s website builder is one of our hottest products.  It is so simple and the end product is professional.  All this is FREE with your upgraded membership.

Your website includes:

  • Pictures and descriptions of your rental
  • You can include multiple rentals on one website
  • Easy tools to manage and change your web site in seconds
  • Links to online rental application and online rent pay
  • Web sites allow you to stay in communication with current tenants (address book)
  • Show your apartment to possible applicants online first.  Saves you time and money.

 

Create your own website in about 15 minutes with Renting Authority.  This benefit alone is worth more than the cost of the upgrading your membership.  Let’s break down the cost of building your own website without Renting Authority. 

 

Cost without Renting Authority

Web designers charge between $500 to $800 to create a website for you.  Then you pay an average hosting fee of $19.95 per month.   If you want to make changes to your website, you have to pay a webmaster for the changes.  Average hourly charge is $55.  Most charge a minimal of 1 hour.  So each time you need to change a listing, it costs you around $55.  With Renting Authority, you can make your own changes.  It is easy to do and you have support.

 

Oh yeah, Renting Authority’s websites have a couple of feature you will not get anywhere else.  Online rental applications.  This is not just a PDF that applicants download and fill out.  It is a real electronic application.  The applicant fills it out online, pays an application fee online, and then Renting Authority automatically process the background and credit reports.  Sorry, but no webmaster can create that for you.

 

One more thing, you can accept online rent payments with your website.  Very cool.  Send your tenants to your website and they can pay by check or credit card online.  The best part about online rent pay is you don’t pay any processing fees.  That’s right.  The tenants pay a small convenience fee when paying rent online.

 

Sign up Today!

 

View Demo Site

 

View the Website Creation demo to see how easy it is to set up your own website.

 

If you have any questions about online rent pay or any of our products, please click the customer support button

 

Sincerely,

 

Troy Boldt

 

 888-674-9181

www.rentingauthority.com

tboldt@rentingauthority.com

 

Posted in How to Screen an Applicant, Landlord Basics, Listing Rentals Online | 3 Comments »

Lovers Fight and 18 Bullet Holes

Wednesday, October 29th, 2008
Hello Troy -
 
I rented a home to a woman Nov 1 2007.  Her credit was not the best, so I charged a little higher deposit.  Rent is 650.  I charged her 950 deposit.  She was/is a very sweet woman w/ two nice grown children & one grandchild.  The only fault I ever saw in her was that she was very naive for a grown woman.
 
In June my tenent had a “boyfriend” @ her house.  The boyfriend’s “girlfriend” came over @ 4:30 AM & shot 18 holes through the front door, kicked the door down, shot the beautiful & new hardwoods, the stove (which is mine), dining table & chairs (mine) & holes in the walls.  I immediately had a contractor over & in two days there was not a trace that one shot had ever been fired.
 
Then the tenet was uneasy about living in the house, so she never really stayed there very much, so I had to go over & water plants to keep them alive, cut the grass, everything to do w/ outside the house.  My lease does not include “watering flowers” but since I spent a lot of money for those plants, I want them to last many, many years.
 
The tenet continued to pay me post dated checks though she was not living in the house.  I started advertising the house for rent in Sept.  A few people asked, “is this the house I read about in the newspaper that the lady came over & held off six police officers for 2.5 hours?”  I try to look surprised…It is in a rural, very safe & good area & we have never experienced any violence like this.  The couple who live next door (my tenents) almost left because of the incident.  They watched the entire stand-off w/ the deputies for over two hours.  The woman started early contractions & two days later miscarried.
 
Not sure what my question is.  The tenant has paid for the repairs & has paid her rent thru the end of this month when her lease ends.  So she has fulfilled her lease, but the stigma she put on that house (thru no fault of her own really - just bad taste in men?) has had a big impact on me and my couple next door.  I guess I need to forget that night, forget the tenant and give her a full refund for the deposit?  What do you think?  I have many attys in my family & when I told them of the shooting incident, the majority said, “get rid of her now!”  But I let her stay & we talked a lot about her “nerves”.  Isn’t this a crazy story? 
 
Thanks,
Tish
How can Trish reestablish her propertyies immage?
www.rentingauthority.com

Posted in Landlord Nightmares | 2 Comments »

Information is King… Want to be King?

Tuesday, October 28th, 2008

The better and more information you have, the better decisions you make.  It’s really that simple.  The problem is getting good information for issues you have now!

 

Forum

Renting Authority has a solution.  We created an Independent Landlord Forum and Blog. The Forum is an on going discussion of issues that landlords deal with on a day to day basis.

 

You can read questions other landlords have and see how they have dealt with them.  Not only do you get our expert advice, but the advice of thousands of other landlords working in the trenches.  This is one of the most powerful resources you have as a landlord.  The best part of the forum and blog, it cost you nothing.

 

Here are some of the topics discussed today:

 

  • Lease Agreement
    • Can the tenant break the lease agreement?
    • Room Mate Lease Agreement Problems
    • New lease questions
    • What are landlord’s liabilities if landlord breaks the lease?
  • Background and Credit reports
    • Renting to someone who is in bankruptcy
    • Moneys up front
    • Names on lease agreement
  • Landlord Advice
  • Tenant Trouble
    • Feuding Tenants
    • House in a bad Neighborhood

  (more…)

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Posted in How to Screen an Applicant, Landlord Basics, Landlord Nightmares, Listing Rentals Online | No Comments »

Operation Moneysuck

Thursday, October 23rd, 2008

My mentor Perry Marshall, sent me an excellent article about doing what is most important in business.  I am inserting part of his article to introduce you to this concept.

 

A few years ago, John Carlton told me this story about his edgy writing career with copywriting legend Gary Halbert:

 

   “I think the term Operation Moneysuck is a term that makes people chuckle. But to be honest, it is the most deadly serious thing for any businessman to learn. The earlier you learn it, the better you are going to be. The more you take it to heart, the more profitable your business is going to be. 

 

   “I’ll tell you quickly how this story happened. When I sat in a office with Gary Halbert, we were supposed to go over a bunch of ads that we were going to write. We had a lot of business so we were going to call some clients. We had some hours to do this. 

 

   “Just as we sat down, his secretary came in and said, “OMG, your landlord is on the phone and he is really pissed about something.” The copier just broke, the computer just went down and there were 15 fires that were going on essentially. 

 

   “I thought to myself, “That is it. We are not going to get down to any business here because we have to stop and take care of these little emergencies, but how.” Halbert really surprised me and said, “Calm down, back up, get out of the room, close the door, locked it and not another word of explanation.” Then he came back and said let’s get busy. And, we worked for the next three hours, got a lot of business done and brought in a lot of money. 

 

   “When we opened the door later, we found the problems had solved themselves and the ones that hadn’t weren’t that important anyway.

So right about then, what I really got jammed into my head was what Operation Moneysuck was about.

 

What is your number one job as a landlord or property manager? 

  (more…)

Posted in How to Screen an Applicant, Landlord Basics | No Comments »

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