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. #125: The Gift Of Time: Make Your Job Optional With Passive Income
Time is the only nonrenewable resource you have. So how do you regain control over your time? It turns out time freedom and financial freedom share the same roots: in building passive income so you depend less on your full-time job. Brian and Deni explain not only how...
Ep. #124: Danaus Chang On Disrupting Real Estate Investment
Curious how to build a property portfolio from nothing? Or how you can use technology to get a leg up in real estate investing? Danaus born and raised in Fort Worth, TX by his parents who immigrated from China to live their American dream of owning real estate....
Lower Mortgage Rates: 8 Creative Ways to Finance Properties While Rates Are High
High interest rates and a nationwide housing shortage make for a tough combination for homebuyers and investors alike. So, what creative financing options do you have while interest rates for investment properties and home loans keep soaring? Creative Financing...
Ep. #123: Patrick Grimes on Asset Protection, SDIRAs, & Advanced Real Estate Investing
As the founder and CEO of Invest on Main Street, Patrick Grimes has been around the proverbial block. He has over fourteen years of experience in active real estate investment, purchasing distressed assets, renovating, and stabilizing for long-term cash flow. His...
Savings Rate: How Much of Your Paycheck Should You Save to Retire Early?
No matter how much you earn, you won’t build wealth if you spend every penny you bring in. A person who earns $75,000 and saves $25,000 per year will create wealth faster than someone who earns $1,000,000 and spends $995,000 of it. Flashy cars and imposing homes may...
Saver’s Tax Credit: Score Extra Savings on Your Tax Bill
We talk all the time about investing in real estate to reach financial independence and maybe even retire early. But where does the money come from to invest? Unless you're an heiress or a lottery winner, it comes from your own savings rate. If your income falls under...
I Want Help With:
Ready to Accelerate?
Weekly rental investing and management tips, plus access to our free video series. Booya!
