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:
Non-Qualifying Mortgages: Uses & List of Non-QM Lenders
The Big Picture on Non-Qualifying or Non-QM Loans: Non-QM loans provide flexible financing options for real estate investors who do not qualify for traditional mortgages. Non-QM loans allow investors to secure financing for unique property types like fix-and-flips,...
How to Make Money in Real Estate: 18 Investing Strategies
The Big Picture on How To Make Money In Real Estate: Real estate has offered higher returns with about half the stock market's volatility over more than a century. Investors can make money by owning investment properties, like buying a multi-family home and renting...
What Is An Accessory Dwelling Unit Or ADU For Housing and Community Development?
The Big Picture on Accessory Dwelling Units An accessory dwelling unit (ADU) is a separate living space on the grounds of a single-family home, with its own entrance, kitchen, bath, and living/sleeping areas. ADUs can be used as extra living space for yourself or to...
How to Buy Turnkey Properties Sight Unseen
The Big Picture on Buying Turnkey Properties Sight Unseen: Turnkey properties are real estate assets that are fully renovated, furnished, and ready for rental or already have a tenant at the time of purchase—but the definition doesn’t apply to everyone. “Sight unseen”...
Best Ways to Find Pre-Foreclosure Homes For Investors To Score Bargains
The Big Picture on Finding Pre-Foreclosure Homes: There are several ways to find pre-foreclosure homes. However, there’s a window between when a borrower defaults and when the property goes to foreclosure auction, during which you can potentially score a great deal....
23 Rental Property Income Tax Deductions For Landlords In 2024
The Big Picture on Rental Property Tax Deductions: Landlords have different rental property tax deductions that can help with keeping more of their income in their pocket. They can deduct virtually every real estate investing business-related expense, and they...
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