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:
Washington Rental Laws Guide
Not only is Washington the home of Microsoft and Bill Gates but the place where the great cup of coffee of Starbucks was born. Washington tends to favor the tenant in its landlord tenant laws. Washington Landlord-Tenant Laws at a Glance: Late Fees: Washington...
Virginia Rental Laws Guide
Virginia, home of the Blue Ridge mountains, the Chesapeake Bay and beautiful Virginia Beach. Overall, Virginia is moderately landlord friendly. However, the pandemic has created a more tenant-friendly climate. At a Glance: Late Fees: Virginia does not have a...
Vermont Rental Laws Guide
Renowned for its maple syrup, Vermont is the home of John Deere, and unfortunately for landlords, a vastly tenant-friendly state. At a Glance: Late Fees: Vermont has no specified limits on the amount of a late fee. Security Deposit: Vermont has no stated law...
Ep. #65 Geoarbitrage: How to Take Advantage of Cost-of-Living Differentials
How can real estate investors take advantage of geoarbitrage, or the lower cost of living in other parts of the country or the world, to save more money or earn higher returns? Deni and Brian walk through seven ways geoarbitrage can help you reach financial...
Ep. #64 How to Deal with A Professional Tenant
Professional tenants move into your unit, then squat as long as possible without paying rent. Using every trick in the book, they delay the eviction process. Often it takes many months or even years to finally remove them. So how can you avoid professional tenants as...
Ep. #63 How a Marine Veteran Is Retiring Early with Rentals
From Marine to 9-5 employee to entrepreneur and now a semi-retired real estate investor, Kevin Christensen has done it all. Brian interviews Kevin about his experiences as an entrepreneur and later a real estate investor, and finally how he retired young on rental...
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