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:
South Carolina Rental Laws Guide
Perhaps when you think of South Carolina, Myrtle Beach comes to mind. However, South Carolina is fairly a landlord-friendly state where renters make up approximately 33.5% of the total residents. It is fast becoming a popular location for...
Unconventional Financing: Exploring IRAs, 401(k)s & More
You can only buy so many properties with conventional mortgage loans, before reaching lender caps. According to most conventional mortgage guidelines, ten properties is a hard ceiling. But even that is generous: most lenders balk if you have four mortgages. If you’re...
Privacy for Landlords and Investors: Finding the Right Balance
“When I was your age, we actually had this thing called privacy!” Is privacy dead? Long live privacy? I’ll let the politicians and data pirates debate that point, but here’s what I do know: landlords and real estate investors are juicy targets...
From Newbie to 12 Rental Units: How Brady Hanna Reached $40,000 in Passive Income
Brady Hanna wanted to get out of the rat race almost as soon as he stepped into it. Six years ago, Brady stumbled across BiggerPockets, and realized he’d found his exit route: rental properties. He read articles on rental investing (sadly, it was before my time...
Rhode Island Rental Laws Guide
Rhode Island, a tiny little state with the oldest operating tavern in the United States. Yes, Rhode Island may be known for its production of fine jewelry but there is also great opportunity for the real estate investor. This little state has very balanced landlord...
Pennsylvania Rental Laws Guide
Let’s give it to Pennsylvania, which is the first state to list the state website on their license plates! From chocolate to brotherly love, PA has something for everyone. Pennsylvania landlord tenant laws are widely considered balanced, however...
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