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:
The Best Short-Term Investments: Real Estate & More
The Big Picture On The Best Short-Term Investments: Options like high-yield savings accounts offer safety but minimal returns. At the same time, Treasury bills and Treasury Inflation-Protected Securities (TIPS) provide slightly higher yields with government-backed...
Everything You Wanted to Know About SparkRental’s Real Estate Co-Investing Club
The Big Picture On Spark Rental’s Real Estate Co-Investing Club: Spark Rental’s Real Estate Co-Investing Club is a passive real estate investment club that presents vetted deals to members, targeting 15%+ annualized returns. The club isn't a sponsor or fund-of-funds...
Refinance Rental Property: Should Landlords Do It?
The Big Picture on If And When to Refinance Rental Property: Refinancing is most advantageous when interest rates drop significantly compared to your current mortgage, allowing you to reduce monthly payments and improve cash flow. Landlords can leverage cash-out...
Does Rent Go Down In A Recession: Rents & Home Values
The Big Picture On Whether Rent Goes Down In A Recession: During recessions, home values often decline due to decreased demand, while rents tend to remain stable or even increase, as more people opt to rent instead of buy. Recession's impact on rents varies by...
Rental Applications In California: A Guide For Landlords
The Big Picture On Rental Applications In California Screen tenants thoroughly with rental applications that follow laws to avoid issues with problematic renters down the road. California law permits landlords to charge a maximum of $62.02 for a screening fee and pass...
Wholesale Real Estate: How It Works, Example, and Strategies
The Big Picture on Wholesaling in Real Estate: Real estate wholesalers act as middlemen by putting properties under contract at a low price and assigning the contracts to buyers for a fee, without ever owning the properties. This requires minimal upfront cash but...
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