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:
Repairs vs. Capital Improvements to Rental Properties: How Are Each Taxed?
Every landlord must carry out regular maintenance and repairs to keep their rental properties habitable. Fixing a faulty faucet, AC unit repair, or painting the property are all part of a landlord’s job description. In contrast, capital improvements boost the property...
How Much Do You Lose Selling a Property As Is?
Sure, it's easier to sell your home or investment property as-is. But you can also expect a lower sales price, and usually a lower profit. Learn how much you can lose selling a house as-is. There are plenty of reasons to sell your home quickly. Maybe you inherited a...
Visualizing Real Estate Cash Flow
Real estate cash flow is not about what happens in a “normal” month. In a “normal” month, your expenses will probably be minimal. And then a not-so-normal month hits, and you get slapped with a $2,500 expense. So when rental investors forecast real estate cash flow,...
Best Real Estate Crowdfunding Investment Platforms to Diversify Your Portfolio
Real estate investments come with several huge drawbacks. Diversification poses a problem when a median home in the US costs over $400,000. Even when you leverage other people’s money and make a minimum down payment on an investment property, you still tie up tens of...
Can a Seller Back Out of a Real Estate Contract?
Deciding to sell your property is a huge decision. But what if you regret that decision? What if you want out of your seller's agreement? Luckily, there are instances where you can back out of your contract. You have to make a quick decision, and you must be ready for...
Ep. #122: Real Estate’s Performance in 2022 – and Forecasts for 2023
Will real estate prices go down? Will interest rates continue to rise? What about rent growth? Brian and Deni break down the numbers for real estate's performance in 2022, and where we're likely headed in 2023.Video Broadcast VersionAudio Podcast Version Also...
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