Leasing & Onboarding New Renters
Everything you need to know about signing new lease agreements and onboarding new tenants.
Preparing to sign a lease agreement?
Don’t sign it lightly.
Have you collected rental applications from a large pool of candidates? Have you run credit, criminal and eviction reports on all applicants? Collected application fees or charged the screening reports to the renter, to verify they’re committed?
If you’ve done all that, and made all the phone calls to verify income, employment, housing history, etc., and you feel 100% rock solid about this tenant… now you need to make sure you have a defensive lease agreement.
Think of your lease agreement as your shield, your armor. Most state landlord-tenant laws are extremely tenant-friendly, and designed to protect the renter, not the landlord. That means you’re responsible for protecting yourself.
How do you do that? With a comprehensive, protective lease package. Read on for more details, and happy leasing!
“Required Reading” – Start Here First!
Want more? We have you covered! Here’s some further reading on lease agreements, security deposits, move-in and everything else you need to know about onboarding new renters.
Full Library of Leasing & New Tenancy Articles:
Is Stock or Real Estate Faster in Building Wealth?
The Big Picture On Whether Stock or Real Estate Is Faster In Building Wealth: US stocks average 10.13% returns p.a. with higher volatility. US residential real estate averages 11.6% p.a. with better stability and leverage options than stocks. Neither is universally...
Can Non-Citizens Invest in U.S. Real Estate Syndications?
The Big Picture On Whether Non-Citizens Can Invest In U.S. Real Estate Syndications: Non-citizens can legally invest in U.S. real estate syndications, often through LLCs or limited partnerships, allowing them to participate in investment opportunities even without a...
Is Real Estate An ‘Alternative Investment’?
The Big Picture on Real Estate As an Alternative Investment: Real estate’s income generation, tangible value, and standardized valuations align it more with traditional investments than speculative alternatives. Real estate’s "alternative" label stems from advisory...
Cost Segregation Study: How to Take Accelerated Depreciation on Rental Properties
The Big Picture On A Cost Segregation Study: A cost segregation study allows real estate investors to reclassify property components into categories with shorter depreciation periods, enabling accelerated depreciation and reducing taxable income in the early years of...
Ark7 Review: Fractional Shares of Rental Properties with Full Liquidity?
The Big Picture On This Comprehensive Ark7 Review: Ark7 is a real estate crowdfunding platform that enables investors to purchase fractional shares in rental properties, including single-family homes, multifamily units, and short-term rentals. With a minimum...
How to Handle a Bad Contractor
The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor's work. Photos of the work and a written record of all interactions can provide valuable evidence if you need to...
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