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:
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...
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...
10 Alternative Real Estate Exit Strategies All Investors Should Know
The Big Picture On Exit Strategies For Real Estate Investors: Despite attractive yields and relatively low risks, real estate investment don't always pan out the way you want to. That's why it's important to have an exit strategy in place. Common real estate exit...
Creative Ways to Invest in Real Estate With Little Money
The Big Picture On Creative Ways To Invest In Real Estate With Little To No Money. Real estate presents a great investment opportunity—and it doesn't even have to drain your savings. Common creative financing strategies include house hacking, live-in flips, seller...
Who Pays Which Closing Costs on Real Estate?
The Big Picture On Who Pays Which Closing Costs On Real Estate: As the name suggests, closing costs are fees that are paid to close a real estate transaction. There are several types of closing costs, like appraisal, loan origination, inspection, survey, and escrow...
What Landlords Need To Know About Emotional Support Animals And The Fair Housing Act
The Big Picture On Emotional Support Animals And Fair Housing Law For Landlords: Landlords must accommodate Emotional Support Animals (ESAs) under the Fair Housing Act, setting them apart from typical pets. ESAs differ from service animals because they do not require...
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