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:
Live-In Flips: A Viable Way to House Hack?
Whether you’re looking for a way to lower your down payment on a flip or a way to house hack for free housing, live-in flips might just be the answer. But what is a live-in flip, and how exactly does it work? How do you finance them? Here’s everything you need to know...
Ep. #146: How to Travel the World for Less than Living at Home with Nora Dunn!
Nora Dunn, aka The Professional Hobo, sold everything she owned to travel the world. Specializing in slow travel, she has lived in and traveled through over 75 countries. Here's how she did it without a trust fund or a huge paycheck, and how you can do it too.Video...
Ep. #145: Do Public REITs Offer Any Diversification from Stocks?
Publicly traded real estate investment trusts (REITs) move with an uncomfortably close correlation to the broader stock market. That means they offer little diversification value, even if public REITs do come with other benefits (such as high dividend yields). So how...
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...
I Want Help With:
Ready to Accelerate?
Weekly rental investing and management tips, plus access to our free video series. Booya!
