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:
Why Wait? How Gary Hibbert Takes 2-Month Mini-Retirements Twice a Year
The Big Picture on Mini-Retirements: Gary Hibbert’s personal losses led him to rethink life and build a business that lets him take two months off twice a year. By investing in real estate, delegating, and automating, Gary ensures his income flows even when he’s not...
Velocity of Money – Should You Invest for Faster Money Turnover
The Big Picture on The Velocity of Money: The velocity of money determines how quickly capital returns to an investor. Faster turnover allows for more reinvestment opportunities, while slower investments can limit cash flow but offer stability. Beyond risk and return,...
Are Homes Overrated? Life as a Full-Time Nomad
The Big Picture on Being A Full-Time Nomad: Sarah Weaver’s journey highlights how remote work and real estate investing can provide the financial stability needed to sustain a flexible, location-independent lifestyle. By leveraging rental properties, she achieved...
Buy MORE Stocks in Retirement? The “U-Shaped” Portfolio
The Big Picture on the U-Shaped Portfolio Strategy: Unlike the conventional approach of reducing stock exposure over time, the U-Shaped Portfolio suggests lowering equity allocation in early retirement to minimize risk, then increasing stock holdings later in life to...
How Hiring an Executive Assistant Can Help You Escape Your Inbox and Reclaim Your Time
The Big Picture on Why You Should Hire a Virtual Assistant: By hiring a well-trained executive assistant to manage your inbox, you can eliminate the constant distraction of emails and focus on high-value tasks that drive your business forward. Professionals like real...
Geoarbitrage Real Estate Investing: How Living Abroad Can Supercharge Your Wealth
The Big Picture on Geoarbitage Real Estate Investing: By earning in US dollars while living in lower-cost countries, investors can significantly reduce living expenses while maintaining or even growing their income. This strategy enables a higher quality of life at a...
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