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. #85 How to Spot a Mediocre Property Manager, with Janet Fields.
Expert property manager Janet Fields talks haunted houses and tenants, honeybee nests behind the walls, and most importantly, how to screen and hire great property managers when you reach that point in your portfolio.Video Broadcast VersionAudio Podcast Version Also...
Ep. #84 Rental Property Tax Deductions: An Overview for Landlords.
Not sure which rental property tax deductions you can take as a landlord? Deni and Brian run through a quick overview of over 20 landlord tax deductions. Not legal or tax advice, just a primer for the questions you should ask your accountant :-)Video Broadcast...
Average Cost of Tiny Homes: Profitable Real Estate Investments?
Inherent in the name, a tiny home is exactly that — tiny (400 square feet or less). But the passive income opportunities that tiny homes offer are anything but. So how much does a tiny home cost? What kind of returns can you earn on tiny homes as a real estate...
How Greg & His Family Retired Young with Rental Properties
“I wanted to get money out of the way so I could spend my time with kids and a wife (I didn't yet have.)” Greg Wilson retired recently at 42. But he started planning for financial independence and early retirement when he was a teenager: “I am the son of a business...
What Is a Good Credit Score?
Generally, the credit bureaus consider anything over 670 a good credit score. If your score is 671 or higher, you’re doing fairly well. The best credit score and the highest credit score possible is 850 for both FICO® and VantageScore models. FICO considers a score...
Ep. #83 How to Finance Properties Owned by LLCs
Wondering how to take out an investment property loan under an LLC name? Deni and Brian walk through your options for financing LLC-owned properties.Video Broadcast VersionAudio Podcast Version Also available on iTunes, Stitcher, and wherever else you listen...
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