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:
Maximizing Profits: Understanding Tenant Turnovers & Costs
What's the #1 profit killer for landlords? You guessed it - tenant turnovers. Between repairs and property upgrades (new paint, new carpeting, etc.), vacancy costs, advertising costs, time spent showing the property, and of course fixing any...
Top Cities for Investors: Economic Data Reveals Best Picks
Last week, WalletHub released an outstanding set of data ranking hundreds of U.S. cities based on 15 economic indicators. As a real estate investor and writer, that perked my ears right up. What cities are seeing a surge in demand? Where are jobs sprouting up, incomes...
Are Rents Collapsing in Major Cities?
As a real estate investor, you’ve probably wondered “What happens if housing markets collapse?” It’s one of the biggest fears and questions we hear from our passive income students. One answer is that it’s uncommon for real estate values to go down – it happens...
What’s More Important, ROI or Savings Rate?
What has a greater impact on your wealth, your savings rate or the returns you earn on your investments? A recent analysis by Pension Partners offers some decisive proof that savings rate trumps ROI, demonstrating that discipline matters more than clever...
Landlord Survey: What’s Changing for Property Owners Nationwide? (Infographic)
It's been a good few years for property owners. And it looks like it's only getting better. We're partnered with credit bureau Transunion so we can provide full credit reports, criminal background checks and eviction reports for our landlords and property managers....
Oklahoma Rental Laws Guide
From Turner Falls Park which encompasses a 77-foot waterfall, sandy beaches and an abandoned rock castle to the 3700-acre wildlife preserve, Oklahoma does offer much to many. Oklahoma’s weather is clear and partly sunny over half of the time. At a...
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