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. #135: Invest in Affordable Housing without Becoming a Landlord with Mat Simmons
Like the idea of investing in affordable housing, but don't want to become a landlord? Join Brian as he interviews Mat Simmons about passive investing in affordable housing.Video Broadcast VersionAudio Podcast Version Also available on iTunes, Stitcher, and wherever...
10 Rental Property Financing Ideas from Professional Real Estate Investors
Leverage. It’s one of the great advantages of real estate over other types of investments. You can finance 80%, 90%, even 100% of your investment. Ever tried doing that with stocks? Good luck finding a lender. The best you can do is buy stocks on margin, and that’s a...
What Is a Landlord Insurance Policy & How Much Coverage Do I Need?
Just like homeowners, landlords need property insurance coverage. Too little coverage leaves you exposed to losses when and if your property suffers damage. But too much landlord insurance coverage is an unnecessary expense each month. Which means you need to strike...
Ep. #134: Phase Out of Bonus Depreciation & How It Affects Real Estate Investors
Bonus depreciation in real estate allows investors to deduct the full cost of capital improvements in the same tax year the expense is incurred. But, it's starting to phase out, scheduled to disappear entirely by the end of 2026. So what do you need to know about...
Ep. #133: Flipping Hundreds of Houses with Levi Kushnir
How do you scale a real estate flipping business to quickly become a millionaire investor? Levi Kushnir explains how he did it, starting with humble beginnings as an intern for a local bank.Video Broadcast VersionAudio Podcast Version Also available on iTunes,...
Ep. #132: Do Passive Syndication Investors Get the Same Tax Breaks as Landlords?
Confused about what tax breaks are available to passive investors in real estate syndications compared to active property investors? Brian and Deni discuss these differences (hint: they're similar, but not identical). Video Broadcast VersionAudio Podcast Version Also...
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