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. #139: Property Management Tips with Chris Lee from Landlord Gurus
Brian Davis of Spark Rental chats with Chris Lee of Landlord Gurus about the tips and tricks of managing property.Video Broadcast VersionAudio Podcast Version Also available on iTunes, Stitcher, and wherever else you listen :-)Resources Mentioned in This Podcast &...
Roth Conversion Ladders: How to Raid Your Retirement Funds Before 59
Want to tap your retirement accounts earlier than 59 ½? You can withdraw money from your tax-sheltered retirement funds earlier, tax- and penalty-free, using a strategy called a Roth conversion ladder. But as the name suggests, it takes “a bit of doing” as my father...
Tenant-Proof: 13 Rental Property Improvements to Fortify Against Damage
People are clumsy, dirty, accident-prone Tasmanian devils. That goes double for children, and says nothing of pets. Homeowners are no better, but they have so much money invested in their property that they take more care not to damage it. But renters? Fuhget about...
Ep. #138: 6 Ways to Protect Your Real Estate Portfolio from Market Corrections
Worried about real estate corrections bruising your returns? Here's how to protect your property portfolio from downturns.Video Broadcast VersionAudio Podcast Version Also available on iTunes, Stitcher, and wherever else you listen :-)Want to compare investment...
How Correlated Are Public REITs & Stock Markets?
In decades past, when investors wanted to add real estate to their portfolios, they’d buy shares in public real estate investment trusts (REITs). But do publicly-traded REITs actually offer any diversification benefit? How correlated are their returns to stocks? Strap...
Ep. #137: Disrupting Property Management with Justin Lieberknecht of Poplar Homes
How do you disrupt an industry as stodgy as property management? By offering things no one else has the guts to offer, like guaranteed rent payments for landlords. Check out our conversation with Justin Lieberknecht of Poplar Homes about scaling and innovating in real...
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