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:
7 Properties in a Year: Nathaniel & Brittany’s Success
You can't post most photos of couples in the shower together on respectable websites. Unless, of course, they're renovating an investment property. Nathaniel and Brittany Hovsepian are 35 and 27 years old respectively, and own seven rental properties in the Central...
Lifestyle Creep & Keeping Up with the Joneses: Why You’re Not Rich
Could you live on half your current income? Most people shake their heads and answer that it’s not possible. And yet there was probably a time when you did exactly that; you earned far less than you do today, and you managed to survive just fine. So what happened in...
Can You Take Out a HELOC on an Investment Property?
Have some rental properties with equity in them, and want to access it to help you grow your real estate portfolio? One way to buy a rental property with no money down is to leverage equity in your other properties. That could mean a blanket loan against multiple...
Calculating Your Net Worth: Why It Matters and How to Do It
Sometimes you hear chatter on the Internet about people with an extremely high net worth (often to complain about them). But net worth isn’t something only the ultra-wealthy should be aware of. Every investor show know how net worth is calculated, what it means, and...
Montana Rental Laws Guide
Elk, elk, elk… yep, Montana is the largest habitat of Elks. Montana is also referred to as the treasure state because it is rich in gold, silver and the like. And for you landlords out there, Montana proves a relatively landlord-friendly state. While it is always...
Missouri Rental Laws Guide
Oh Missouri, aka the “show-me state”. Did you know that the great old state of Missouri is bordered by 8 other states? Yep, this midwestern home of Maya Angelou and Eminem offers the beautiful Ozark mountain range and much more. And if that is not enough, Missouri is...
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