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:
Massachusetts Rental Laws Guide
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The Goldilocks Equation: Assessing Rental Property Enhancements
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Unconventional Financing: Peer to Peer Lending & Crowdfunding
Need to borrow money for your next real estate deal? Probably. Last week we looked at retirement accounts as a source of real estate funds, in our series Unconventional Loans for Real Estate Investing. This week, we’ll look at a relatively new way to borrow money:...
Maine Rental Laws Guide
Maine is more than lobsters and lighthouses! It boasts not only a thriving tourism industry (think: vacation rental investments) but also a growing influx of retirees. Look out, Florida and Arizona! With its beautiful backdrops of rocky coastline, mountains and...
Louisiana Rental Laws Guide
Being one of the most affordable states to own a home is only one of many perks for investing in the home of Mardi Gras, cajun cuisine and warm evenings. It does not hurt that landlord-tenant laws seem to be in favor of a landlord. There are many opportunities for...
6 Must-Have Traits for a Real Estate Investing Partner
Ever thought about partnering on a real estate deal? Cut your risk by 50%? Get twice as much experience working for you? Do twice as many deals? Real estate investing partnerships can be fantastic, helping investors do all of the above. Or they...
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