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. #46: How Michael Quan Retired at 36
Michael Quan retired at 36. With a full family that includes several children. How did he do it? Brian chats up Michael about his combination of real estate investing, entrepreneurship, stock investing, and avoiding lifestyle creep to keep his living expenses low....
Ep. #45: 5 Lenders Offering Landlord Loans Under 5%
Right now, real estate investors can borrow money at outrageously cheap interest rates. Deni and Brian round up five lenders offering landlord loans under 5% interest, plus a few bonus loan sources to boot! And if your credit isn't great, they also highlight a few...
Ep. #44: How to Score Long-Distance Turnkey Properties with Ali Boone
Not thrilled with your local real estate market? Invest long-distance in a turnkey rental property. Brian interviews turnkey investing expert Ali Boone of Hipster Investments about how to do due diligence on real estate investments long-distance, how to build a...
What Would Happen to Early Retirees If the Great Depression Happened Again?
One of the most common critiques of the FIRE movement (financial independence, retire early) goes as follows: “Sure, you can live off your investments when times are good, but what happens when the market crashes?” A valid question, and one that every prospective...
Ep. #43: 6 Alternative Real Estate Niches Compared
With residential rental properties so expensive right now, should you consider alternative niche real estate investments? Deni and Brian do a quick tour through niche real estate investments, including: Section 8 housing Short-term and corporate rentals Land...
Ep. #42: 5 Ways to Guarantee On-Time Rent Payments
Late rents are a perpetual headache for landlords. At best, they're an inconvenience and mean having to chase down tenants like you're their parent. At worst, they cause your own mortgage payment to be late, and force you to go through the long, tedious, expensive...
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