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:
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...
How to Get Investment Property Loans with Bad Credit
The Big Picture On Getting Investment Property Loans With Bad Credit: Despite bad credit scores, people interested in getting investment property loans have several options available to them. Options to get investment property loans even with bad credit scores range...
Investing In Real Estate Private Equity: How It Works
The Big Picture On Private Equity Real Estate Investing: Real estate private equity involves pooling investments to buy properties, offering high returns (15-30%) with minimal management responsibilities but typically requires high upfront capital and long-term...
ROI on Real Estate: Historical Returns & Types of Returns on Property
The Big Picture On a Good Real Estate ROI: Investors can benefit from both cash flow through rental income and property value appreciation, balancing these for a steady or long-term investment approach. Strategies like BRRRR (Buy, Rehab, Rent, Refinance, Repeat) allow...
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