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:
When Can a Landlord Break a Lease Agreement?
The Big Picture On Whether Landlords Can Break a Lease Agreement or Not: In most states, landlords must provide 30-90 days' notice before terminating a lease at the end of its term. Landlords generally cannot break a fixed-term lease mid-term without cause, but can...
Real Estate Investment Negotiation Tips: Your Go-To Guide
The Big Picture On Real Estate Investment Negotiation: Building personal connections with sellers and addressing their non-financial needs can give you an edge in real estate negotiations. Cash offers often win over higher financed bids in hot markets due to their...
The Best Property Management Software for Your Business
The Big Picture On The Best Property Management Software: Automate your rental property tasks like rent collection, tenant screening, and maintenance requests with software customized to your needs. Find management software options for landlords of all sizes,...
How to Screen Tenants: Essential Steps for Every Landlord
The Big Picture On How To Screen Tenants Effectively: Always collect and review rental applications, looking for red flags in housing history, job stability, and occupancy plans. Run thorough tenant screening reports, including credit checks, criminal background...
Best Way to Invest $10K — High Returns on Moderate Risk
The Big Picture On The Best Way to Invest $10K: The best real estate investment options are house hacking, syndications, crowdfunding, rental properties, BRRRR method, and REITs. Maximize employer 401(k) match, contribute to IRAs, invest in stock index funds, and...
Hidden Rental Property Costs: Low-End Units’ Cash Flow Surprises
The Big Picture On Hidden Rental Property Costs: Low-end rental properties often have hidden costs that are not reflected in standard cash flow calculations, making them appear more profitable than they actually are. Crime, vandalism, and mandatory repairs (especially...
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