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:
New Jersey Rental Laws Guide
New Jersey may be a beautiful state with gorgeous shorelines and rolling farms, however the laws heavily favor tenants over landlords. More the reason to learn, read and know all that you possibly can. Many owners of buy-and-hold real estate do not even realize...
Tales from the Tavern: Financing Mixed-Use Properties
Once upon a time, there was a young girl with big aspirations! That little girl is much older now and has had the time of her life learning, growing, failing and learning some more. Real estate, construction, leasing, investing, selling; it’s been her life...
Income Suites: House Hacking for Single-Family Homes?
You’ve probably heard of house hacking – buying a duplex or small multi-unit property, so that you can move into one unit and have your neighboring renters pay the mortgage. But what if you’re buying (or own) a single-family home? One option is bringing on a...
Butcher Judges? Know Your Landlord-Tenant Laws or Else!
Wouldn’t you think that a judge would possess some type of legal background? Not always! Often it is an elected position (read: all about politics). Someone knew someone, perhaps the popular town butcher, ran to be district judge and got voted right in. It’s...
The Rich Do Get Richer in Real Estate – Want to Join Them?
Answer honestly: would you rather be the kind of person who complains about others’ success, or would you rather be the kind of person who achieves success? Sure, when we put it like that, it’s easy to say “I’d rather be successful than sit around blaming the...
Smart Rental: 7 Cheap Tech Upgrades to Boost Your Rents & ROI
Looking for a little extra pizzazz to make your empty rental stand out and rent for more? Consider making it a “smart home.” For a few hundred dollars, you can trick out your rental property with connected devices that make it easily programmable and controllable from...
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