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:
The “Lazy 1031 Exchange” – Defer Taxes on Real Estate Without the Hassles of a 1031
A few years ago, I sold all of my multifamily properties as well as a few of my single-family turnkey properties. As I was getting ready to sell, I contacted Nate Busch, my CPA, and asked him how I could avoid the capital gains taxes on these assets. The market had...
Streitwise Review Q1 2024: A Private REIT Worth Investing In?
Looking to invest in commercial office real estate, but don’t have several million dollars lying around? Real estate crowdfunding platform Streitwise makes it easy to add commercial office buildings to your investment portfolio. I've invested my own money with them....
Median Net Worth, Income and Real Estate Ownership by Age & Percentile
We talk all the time about how the wealthy invest in real estate. Today, you get to see just how much they like it. And stack your own finances up against the average American. But no matter how your finances compare to the median American income or net worth, don’t...
Probate Real Estate Investing: How to Score Great Deals Through Probate
Looking for the next great addition to your investment property portfolio? Start seeing dead people. Well, not literally. That would be real creepy. But your local probate court, which settles the affairs of your recently departed neighbors, could harbor eye-popping...
Ep. #162: How Jim Pfeifer Became a Millionaire with Passive Real Estate Investments
Within five years of investing in his first passive real estate syndication, Jim Pfeifer reached financial indendence, able to quit his day job. How did he do it? More importantly, how can you do it too? Jim explains exactly how how he invests today for even lower...
Ep. #161: Hotel Investing with The Richer Geek Mike Stohler
Ever invested in a hotel? Most people haven't, but they can offer strong cash flow and returns. Here's how The Richer Geek Mike Stohler invests in them, and how you can do the same.Video Broadcast Version Audio Podcast Version Also available on iTunes, Stitcher, and...
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