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:
DSCR Loan Pros and Cons For Successful Real Estate Investing
The Big Picture On DSCR Loan Pros and Cons: DSCR loans focus on the rental property’s income rather than the borrower’s income, making them ideal for self-employed investors or those with multiple properties. DSCR loans offer advantages like faster approval processes,...
Kiddie Condo Loans: How to Use the FHA to Buy Rental Properties with 3.5% Down
The Big Picture On FHA's Kiddie Condo Loans: The FHA "Kiddie Condo" loans program allows for a down payment as low as 3.5%, making it an affordable option for parents co-signing a mortgage with their adult children. Parents can buy a property with their child, who...
Alternative Housing & Green Housing: How to Save Money & Travel
The Big Picture On Alternative Housing: Various non-traditional housing alternatives like tiny houses, RV living, and house hacking with accessory dwelling units (ADUs) can help you save money and embrace a more flexible lifestyle. Many of the alternative housing...
How Much Can a Landlord Charge for Cleaning? Rules for Tenant Cleaning Fees
The Big Picture On How Much Can A Landlord Charge For Cleaning: Landlords can typically charge between $150 and $600 for cleaning, equating to an hourly rate of $50 to $100, depending on factors like unit size, tenant duration, and cleaning requirements. Landlords...
IRR Calculator Online: Calculate Internal Rate of Return in Real Estate
The Big Picture on Our Online Real Estate IRR Calculator: Internal rate of return (IRR) measures the annual growth rate of an investment, considering both cash flow and capital gains over the holding period. Real estate investors use IRR to compare multi-year...
Cash-on-Cash Return Calculator: What Is Cash-on-Cash Return in Real Estate?
The Big Picture On Cash-On-Cash Return: Cash-on-cash return measures the annual yield on your cash investment, accounting for down payment, closing costs, and out-of-pocket repairs. The formula for cash-on-cash return is net annual cash flow divided by initial...
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