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:
Tenant Damage to Property: How to Prevent & React to Rental Property Damage
Have you ever had a tenant damage your property? If not, count yourself lucky. As a landlord, the more important question is “How can I prevent tenant property damage?” And, if the worst happens, how do I handle tenant damage to property? How to Prevent Tenant...
Ep. #73 6 Tax Moves to Make Before the End of 2021
Another year, another tax bill owed to the IRS. But you can make a few maneuvers at the end of the year to lower your tax burden. Deni and Brian talk through six money moves real estate investors can make at the end of the year, to reduce your tax bill.Video Broadcast...
Ep. #72 Starting from Scratch: How to Build a Real Estate Portfolio Later in Life w/Mike Morawski
Mike Morawski had it all: family, career success, a vast real estate portfolio. Then he ran afoul of financial regulations and went to prison, losing everything in the process. After being released, he had to start over from scratch in his 50s, without a penny to his...
Ep. #71 When Landlords Can (and Can’t) Keep Tenants’ Security Deposits
As a landlord, the last thing you want to do is run afoul of federal or state landlord-tenant laws. Which, as it turns out, are quite strict about what landlords can and can't use security deposits for. Deni breaks down exactly which expenses landlords can deduct...
Ep. #70 Squatters vs. Trespassers: Rights & the Eviction Process
After a year and a half of eviction moratoriums, many landlords find themselves wondering how to handle nonpaying tenants versus squatters. And, for that matter, what the difference is between squatters, trespassers, and defaulting renters. Deni and Brian explain the...
How to Buy Your First Rental Property with No Money Down
TL;DR On Buying Your First Rental Property: Rental properties require more upfront investment and expertise than equities, like index funds, making them less accessible but potentially offering higher returns with lower volatility due to these entry barriers. Various...
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