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:
Invest in Real Estate with a 401(k): Everything You Need to Know
The Big Picture on How to Invest in Real Estate With a 401(k): Publicly traded REITs, borrowing from a 401(k), and using self-directed IRAs or 401(k)s are some of the ways to incorporate real estate into retirement savings. Self-directed IRAs (SDIRAs) and...
Self-Insured vs. Fully Insured: What Is Self Insuring?
The Big Picture on Going Self-Insured vs Fully Insured: Self-insurance allows individuals to set aside funds for any emergency, offering flexibility that specific insurance policies do not. By self-insuring, individuals can potentially save more money compared to...
The Debt Snowball Method, FIRE, and Real Estate Investing
The Big Picture On Debt Snowball Method, FIRE, and Real Estate Investing: Focus on paying off the smallest debts first while making minimum payments on larger ones. Quickly eliminating small debts provides a motivational boost to tackle larger debts. List all debts...
How to Become a Property Manager: And How It Makes You a Better Investor
The Big Picture On Becoming a Property Manager Property managers handle leasing, tenant communication, maintenance, and finances. Meet requirements (age, education, residency, licensing), develop skills (organization, communication), and consider certifications (NALP,...
Pay Off Student Loans or Buy a House – Making the Right Call
The Big Picture On Deciding to Whether to Pay Off Student Loans or Buy a House: Carefully evaluate the return on investment of purchasing a home versus paying off existing debt, considering all related expenses such as maintenance costs and closing fees. Explore the...
Landlord Security Deposit Mistakes: Costly Errors to Avoid
The Big Picture On The Common and Costly Mistakes Landlords Make With Security Deposits Protect yourself from tenant disputes by meticulously documenting the property's condition during move-in and move-out inspections. Keeping security deposits in a separate,...
I Want Help With:
Ready to Accelerate?
Weekly rental investing and management tips, plus access to our free video series. Booya!
