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:
Leverage in Real Estate: How Does It Help Investors?
The Big Picture On Using Leverage In Real Estate: In real estate, leverage allows investors to purchase properties using borrowed money, typically putting down only 20% of their own cash. Using leverage can amplify returns. For example, a $200,000 property bought with...
Real Estate Investment Terms: Glossary of Real Estate Vocabulary
The Big Picture On Real Estate Investment Terms: Mastering real estate terminology is essential for effective communication and deal navigation in the industry. Key financial metrics like cap rate, cash-on-cash return, and IRR help investors evaluate and compare...
How to Negotiate with Contractors: The Definitive Guide
The Big Picture On Negotiating With Contractors for Real Estate Projects: Build relationships with contractors before you need them. Create a network of trusted professionals for different specialties to prepare you for issues. Gather 3-5 quotes for each job, learning...
Heat Map: The Hottest Real Estate Markets in Q3 2024
Remember the heady real estate price jumps over 50% in a single year that some markets saw in the pandemic? In early 2024, those days seem like a lifetime ago. While year-over-year home price growth still looks hearty in many counties, others have seen home prices...
Real Estate Quotes – Centuries of Wisdom in One Place
The Big Picture On Real Estate Investment Quotes: Real estate is a rock-solid investment. It's not going anywhere, and the big names in business know its lasting value. Rental properties are passive income machines. They put money in your pocket month after month...
Can You Use A Personal Loan To Buy A House?
The Big Picture On Using A Personal Loan To Buy A House: Personal loans and credit cards can supplement real estate financing but have limitations, including low limits and high interest rates. Strategies include using cards for renovation materials, maximizing cash...
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