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:
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...
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...
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