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 Much Real Estate Should Go in My IRA?
The earlier you want to retire, the more proactive you need to be in funding your post-work life. There are many ways to achieve financial independence for early retirement (FIRE). But many real estate investors wonder how they can put real estate in their IRAs....
Historical Stock Market Return: Average S&P Returns Since 1926
Real estate investors often assume that real estate returns beat stock returns. And it’s often true — check out this study on returns over 145 years in 16 developed countries. But to compare real estate versus stocks, it helps to know the average historical stock...
The Retirement Catch-Up Plan: 7 Steps to Retire in the Next 5-10 Years
As a passive income evangelist, I love this gem from Warren Buffett: “If you don’t find a way to make money in your sleep, you will work until you die.” Everyone loves to talk about what separates the wealthy from the proles, the successful from the wage-slaves, the...
Ep. #86 Can You Buy Real Estate with Credit Cards?
Ever thought about buying an investment property with a credit card? Or wondered if you qualify for unsecured business credit lines as a real estate investor? Deni & Brian talk through some of the risks and rewards of using credit cards for real estate...
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...
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