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:
How to Build Unshakable Confidence as a Real Estate Investor
As a kid, I used to watch Michael Jordan lead his team to professional basketball championships year after year. Before every game winning shot, momentum-shifting defensive play, or pass to the right person at the right time, you could see the unshakable confidence in...
Ep. #80 10 Cities with the Fastest Growing Rents in the US
Where are rents rising fastest in the US? Deni and Brian break down the data on the ten US cities where rents rose the fastest in 2021. The data included medium and large cities, not small towns. With each city, we also cover how quickly home prices rose there in...
Should You Rent to Section 8 Tenants? Pros & Cons of Section 8 for Landlords (Infographic)
Heard tales of guaranteed rent payments for landlords who rent to Section 8 tenants? Deposited by the government, and paying higher-than-market rents? If these stories perked up your ears, you’re not alone. Section 8 landlords can collect rents reliably, with fewer...
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Ep. #79 Invest in Mobile Home Parks? Are You Nuts?
Image Credit: Mike Smith and licensed for reuse under this Creative Commons LicenceMost real estate investors never even consider buying mobile home parks. Which is why they're so profitable. Brian chats with Doug Harvey, a renaissance man who works a full-time job,...
Do Real Estate Investors Owe Self-Employment Taxes?
No one likes paying taxes. And that goes doubly for bootstrapping entrepreneurs trying to build income without the safety net of a W2 job. But Uncle Sam sees it differently. The IRS expects self-employed people to pay double FICA taxes, covering both the employee’s...
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