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:
Ep. #165: How Jay Helms Scales His Investments by Partnering
It takes years to become an expert real estate investor. Fortunately, you don't have to become an expert to earn high returns. You just need to find other real estate investing experts and join forces with them. Learn how Jay Helms has piggybacked his way to real...
12 “Cheat Codes” in the Game of Building Wealth & Creating Your Ideal Life
Ever wish you could punch in a cheat code for the game of life? Build wealth and passive income streams faster? Live your ideal lifestyle without putting in decades of hard work first? Personal finance does offer some hacks — if you’re willing to think outside the...
Ep. #164: Two-Player Mode: How Couples Can Maximize Returns & Savings
Couples have some unique advantages to boost savings, invest, minimize taxes, and build wealth faster. Brian & Deni break down several financial hacks and tricks specifically available to couples, to reach your goals as soon as possible. Video Broadcast Version...
Case Study: A Real Estate Syndication Deal Gone Wrong
We send out a monthly update about all the past deals we’ve invested in through our Co-Investing Club. Most of the real estate syndication projects are doing fine. A few have narrower cash flow than forecast, due to soaring interest rates, and have delayed starting...
Ep. #163: Reducing Risk, Raising Returns in Multifamily Investing with Josh Cantwell
How do you earn high returns on your investments without incurring high risk? Josh Cantwell explains his seven commandments of real estate investing, to keep your risk low and your ROI high. Video Broadcast Version Audio Podcast Version Also available on iTunes,...
Are LLCs for Rental Properties Worth the Hassle? Pros, Cons, and Costs
One of the first questions I hear from new real estate investors is: “Should I create an LLC for rental properties, rather than owning them under my personal name?” It’s a good question, and shows foresight. After all, people love to sue landlords. And love to hate...
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