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:
Tenant Retention: How to Maximize ROI
The Big Picture on Improving Tenant Retention and ROI: Compare your rental units to competitors in terms of pricing and amenities. Conduct market research and exit interviews to understand why tenants leave and what improvements could encourage them to stay. Keep a...
What Bills Help Build Your Credit?
The Big Picture On What Bills Help Build Your Credit: Not all bills impact your credit score; only those reported to credit bureaus do. Commonly reported bills include car payments, mortgages, student loans, and credit cards. Some providers report only late payments,...
Home Renovations with the Highest ROI: Which Renovations Add the Most Value?
The Big Picture On Home Renovations With The Best ROI: Improvements like garage door replacements, manufactured stone veneer, and new front doors offer high returns on investment due to their significant impact on a property's first impression. Minor kitchen remodels...
12 Lessons About Money from Game of Thrones and HoTD
The Big Picture On Money And Real-Estate Lessons From Game of Thrones and House of The Dragon: Just like in the series, leveraging resources and forming strategic alliances can significantly amplify real estate investment returns. Managing and mitigating risks are...
The Role of Dividends in Financial Independence/Retiring Early
The Role Of Dividends In Financial Independence: Dividend stocks, particularly Dividend Kings with over 50 years of increasing dividends, are ideal for generating passive income. Investing in stocks with high dividends can help investors achieve financial independence...
How to Increase Property Value: 11 Ideas to Boost Equity & Rents
The Big Picture On How To Increase Property Value: Boost the property's exterior with landscaping, a fresh coat of paint, or new fixtures to make a strong first impression. Modernize the kitchen and bathrooms with new hardware, countertops, and fixtures. This upgrade...
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