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:
How to Invest in Real Estate with a Self-Directed IRA: Case Study
The Big Picture On How To Invest In Real Estate With Self-Directed IRA: You can invest in almost any type of real estate by opening a self-directed IRA with a custodian. It's much easier to invest in passive real estate investments (such as real estate syndications or...
How to Become a Landlord: Blueprint to Buy Your First Rental Property
The Big Picture On How To Become A Landlord: Rental properties can generate cash flow, appreciation, and tax benefits, but being a landlord requires some labor and expertise. If you just want to diversify into real estate and earn passive income, consider passive real...
How to Build Credit Fast: The Real Estate Investor’s Guide to Credit
The Big Picture On How To Build Credit Fast: Regularly check credit reports for errors to ensure accuracy and taking steps to correct any discrepancies found. Effectively utilize your credit cards by maintaining low balances relative to credit limits and paying bills...
Fair Housing Pitfalls: 6 Ways to Avoid Being the Next Lawsuit
The Big Picture On How To Avoid A Fair Housing Lawsuit: The Fair Housing Act is a federal law that provides protection against discrimination from several groups. Some states also have laws that are similar to the FHA and extend the protection to other classes or...
How to Buy a Foreclosure Home: Pros, Cons, & Process from Start to Finish
The Big Picture On How To Buy A Foreclosure Home: Buying a foreclosed home can provide significant savings compared to market prices, offering opportunities for both homebuyers and investors to purchase properties at a discount. Thorough research and due diligence is...
Do You Have to Put a Down Payment on a House? Down Payment Hacks
The Big Picture On Down Payment For House Purchases: Down payments are historically used to mitigate risk for both the buyer and lender. A big enough down payment helps minimize interest rates, monthly payments, and the total mortgage. Not everyone has money to burn...
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