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:
Squatters Rights: A State-by-State Guide
The Big Picture On Squatters Rights: Squatters rights, or adverse possession laws, govern how landlords and property owners can remove trespassers after establishing residency. These laws vary by state. Trespassers can become squatters if they stay long enough and...
Eviction Process: How to Evict a Tenant (Infographic)
The Big Picture On The Eviction Process: Despite running a tight ship, landlords will eventually have to deal with eviction. Documentation is crucial when enacting the eviction process, as it helps the landlord's case in the long run. Landlords should always stay on...
How to Buy a Fixer-Upper Without Getting Burned
The Big Picture On How To Buy A Fixer-Upper Fixer-uppers are properties that need a little TLC before being ready for occupancy or sale. Buying fixer-uppers presents investors with several notable advantages, like the potential of a massive payday. However, the...
Housing Market Corrections: How to Invest Throughout the Real Estate Cycle
The Big Picture On The Real Estate Cycle: Understanding the real estate market cycle is an important guide for informed investment decisions. Investors should focus on generating positive cash flow during recessions or uncertainties as a safer strategy, rather than...
BRRRR Method With No Money: With Infographic
The Big Picture On The BRRRR Method With No Money: The BRRRR method (buy, rehab, rent, refinance, repeat) is an effective strategy used for building real estate portfolio rapidly. Like with anything, the BRRRR method comes with its own set of risks and advantages....
How to Find Properties Before They Hit the Market
The Big Picture On How To Find Properties Before They Hit The Market: Finding properties before they get listed on MLS can significantly benefit real estate investors. These properties are often cheaper, and the owners are more open to negotiation. Real estate...
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