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. #144: How Dustin Heiner Retired at 37 on Rental Income
After getting fired from his job, Dustin Heiner decided he didn't want to be dependent on employers any longer than necessary. So he ramped up his real estate investing and retired at 37 years old. Here's how he did it. Video Broadcast VersionAudio Podcast Version...
Ep. #143: Buy A Property for 0% Down with the NACA Program
Looking for a mortgage with no down payment, low closing costs, no PMI, and below-market interest rates? That doesn't take your credit score into account? Brian and Deni explain exactly how the NACA mortgage program works, and how to use it to house hack and buy your...
Ep. #142: From House Hacking to Millionaire with Matt Faircloth of the DeRosa Group
Matt Faircloth started his real estate investing journey by house hacking one townhome and today has built a portfolio of over 1,000 units. He's the founder of the DeRosa Group, a regular contributor on BiggerPockets, and a ton of fun to listen to. Enjoy!Video...
Ep. #141: Groundfloor: Consistent 10% Returns on Passive Investments?
Our cofounder Brian Davis interviews Groundfloor's cofounder Brian Dally about passive real estate investing, steady returns, and how creative technology is changing the real estate investing industry for the better.Video Broadcast VersionAudio Podcast Version Also...
Ep. #140: 3 Step Strategy to Convince a Skeptical Spouse to Invest in Real Estate Syndications
Deni and Brian offer tips on how to approach a skeptical spouse about investing in real estate.Video Broadcast VersionAudio Podcast Version Also available on iTunes, Stitcher, and wherever else you listen :-)Resources Mentioned in This Podcast & Video:Want to...
What Are REO’s? How John Retired Early with Bank-Owned Properties
If you've ever wondered "What are REO's?" just talk to John Soforic. He reached financial independence in his 40s after learning how to buy bank-owned properties, and today owns over a hundred of them. But he certainly didn't start out that way. At 30, John Soforic...
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