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:
Ways to Lower Your Real Estate Investment Risks as a Landlord
The Big Picture On Ways to Lower Your Real Estate Investment Risks: Focus on predictable rental income rather than speculative property value increases. Account for all costs, including vacancies, maintenance, and management, using the 50% Rule as a guideline. Conduct...
Highest-ROI Renovations to Do Before Selling a Home
The Big Picture On The Best Renovations Before Selling Your Home: Focus on curb appeal and first impressions, including updating the front door, landscaping, and power washing the exterior. Simple interior upgrades, such as painting, refinishing floors, and updating...
Secrets to Sell Your Property Faster: Proven Tips for Success
The Big Picture On The Secrets to Sell Your Property Fast: Sell your property faster by using professional photos and virtual tours, engaging neighbors, providing detailed listings, and strategically pricing for your local market. Accelerate your sale through...
How to Attract Family Renters: Proven Strategies for Landlords
The Big Picture to Attract High-ROI Family Renters: Safe neighborhoods and good schools top families' wish lists. Kid-friendly properties with fenced yards near parks win family hearts. Flexible, longer leases with renewal perks keep families around. The information...
How to Create a Financial Freedom Plan and Achieve It
The Big Picture on Creating a Financial Freedom Plan: Financial independence is achieved through a series of stages, beginning from a negative net worth and progressing through financial solvency, stability, and halfway to financial independence. Crafting and...
Better Money Habits: Save Money and Build Wealth for FIRE
The Big Picture on Developing Better Money Habits: Strategies like house hacking, moving to a lower-cost area, and getting rid of a car can significantly reduce major expenses, accelerating wealth building. These methods require substantial lifestyle adjustments but...