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:
Should Landlords Accept Rent by Credit Card?
The Big Picture On Accepting Rent by Credit Card: Accepting rent by credit card provides flexibility for renters who might be short on cash and can help them avoid late fees. For landlords, it offers faster and more reliable payments. Using credit card payments can...
Investment Property Interest Rates: Latest Update
The Big Picture Investment Property Interest Rates: Getting loans for rental property allow investors to take advantage of increased capital, leverage, improved cash flow, and more. There are many potential sources of property loans, including conventional, personal,...
Minimum Down Payment for an Investment Property: 9 Ways to Invest with Less
The Big Picture On The Minimum Down Payment For An Investment Property: You can borrow at a higher LTV (loan-to-value ratio) if you live in the property for at least a year, have higher credit scores, negotiate seller financing, or cross-collateralize with other...
How to Avoid Capital Gains Tax on Real Estate
The Big Picture On How To Avoid Capital Gains Tax on Real Estate: The IRS taxes your profits on real estate and other investments as capital gains. The tax rate on capital gains is lower than regular income — if you owned the investment for at least a year. Real...
17 Clever Ways to Come Up with a Down Payment for a Rental Property
The Big Picture On Clever Ways To Come Up With Down Payment For A Rental Property: Various financing options exist for rental property down payments, such as using home equity lines of credit (HELOCs), borrowing from retirement accounts like 401(k)s or IRAs, and...
Mashvisor Review: Are They Legit?
The Big Picture On Our Mashvisor Review: Mashvisor offers a range of tools for property analysis, including heatmaps, Mashvisor Airbnb calculator, and other investment calculators, which help investors identify profitable rental properties. The platform is designed to...
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