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. #156: Can You Automate Rental Property Accounting? Just Ask Logan Ransley
Logan Ransley explains how he built a mobile app and software platform specifically for mom-and-pop landlords, with all kinds of features to automate accounting, bookkeeping, tenant screening, and more. Video Broadcast Version Audio Podcast Version Also available on...
Ep. #155: What the Heck Is Private Equity in Real Estate Investing?
Heard the term "private equity" through around but don't know what it means? You're not alone. Most people don't understand private equity investing. Which is precisely why there's an opportunity there for people who do. Brian and Deni demystify private equity real...
Average Property Management Fees: Common Costs & Negotiation
Becoming a landlord is stressful enough without getting nickeled and dimed by property managers. When you hire a property manager, you delegate the labor of advertising vacant rentals, screening tenants, signing lease agreements, and collecting rent to them. For the...
Can You Use a Business Loan to Buy Rental Properties?
When you need financing to buy a home, you look for a home loan. When you need financing for a small business, you might look for a business loan. But what if you’re in the business of buying rental property—like, say, a real estate investor? Of course you can...
Ep. #154: Airbnb Investing Tricks with “Living Off Rentals” Host Kirby Atwell
How do you build a short-term rental business? Kirby Atwell has built a multimillion dollar real estate empire the slow way, and shares his tips for earning more cash flow with Airbnb vacation rentals.Video Broadcast Version Audio Podcast Version Also available on...
Ep. #153: The “Silver Tsunami” Is Coming: Probate Investing with Sharon Vornholt
With baby boomers aging rapidly while holding a disproportionate amount of U.S. property, there's ample opportunity for real estate investors to score deals through probate investing. Sharon Vornholt began investing in 1998 and was originally a rehabber and a...
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