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. #105: Why Self-Storage Beats Residential Real Estate
Thought about self-storage as an alternative real estate investment? From high returns to recession-resistant assets, Deni & Brian break down why you should consider storage facilities over residental real estate investing.Video Broadcast VersionAudio Podcast...
Ep. #104: How Dandan Zhu Retired at 28 with Real Estate Investments
Dandan Zhu spent her 20s in the high-stress world of headhunting, then she bought her first rental property, and within 4 years quit her job.Video Broadcast VersionAudio Podcast Version Also available on iTunes, Stitcher, and wherever else you listen :-)Resources...
Free Loan Calculator With Amortization Schedule
Take one look at an amortization schedule and you discover that “simple interest amortization” is a misnomer. Still, it’s not rocket science either. An amortization table shows you how quickly you’ll pay down your loan balance over the course of your loan term. And...
Ep. #103: How Tom Brickman Became a Millionaire on a $55K Salary
Tom Brickman had an amazing journey going from his day job at a movie theater to "retiring" in his 30s as a successful real estate investor. On a modest salary, he reached a million-dollar net worth at age 31. Here's exactly how he did it, and how you can do the...
How Many Rental Properties Does It Take to Retire Early?
Rental properties are a great way to fund some or all of your retirement. They produce steady, predictable income without eating into your principal. And they have many tax advantages and other benefits for retirement. But before you embark on a multi-year real estate...
What Is Credit Repair & How Do You Do It?
Are credit score woes keeping you down? If you have a lower score, it could be stopping you from getting a loan or the rental unit you really want. And while it's possible to get an investment property loan with bad credit, it's much harder and costs you more. The...
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