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:
How to Earn “Infinite Returns” on Real Estate Investments
The Big Picture On Earning Infinite Returns Through Real Estate Investment: Infinite returns mean pulling out your initial investment to reinvest elsewhere while still earning on the property. Focus on properties you can renovate and refinance to start building equity...
Best Passive Real Estate Investments: The Lazy Investor’s Guide
The Big Picture On The Best Passive Real Estate Investments: Passive real estate investing allows you to earn returns without the hassle of managing properties—options include REITs, crowdfunding platforms, private notes, and syndications. While public REITs offer...
Fractional Ownership in Real Estate: How It Works
The Big Picture On Fractional Ownership In Real Estate: Fractional real estate ownership allows investors to buy small shares of properties, enabling participation in rental income and capital gains without the hassle of managing properties directly. Investment...
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...
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