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. #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...
Cap Rates in Real Estate Investing: A Non-Nerd’s Guide
Not a big ol’ nerd for personal finance and real estate like I am? No sweat. We’ll keep the math simple. After all, math is a lot more fun when you’re calculating your future riches, right? Break out a cocktail napkin (and a cocktail to match), because calculating cap...
Ep. #41 With Cap Rates Down, Should You Invest in Real Estate?
Nationwide, home prices are up nearly 11% over the last year. But rents are up less than 1%, and in many of the largest cities they've dropped 5-10%. Which means rental returns and cap rates are dropping in most markets. Should you keep investing in rental properties?...
I Want Help With:
Ready to Accelerate?
Weekly rental investing and management tips, plus access to our free video series. Booya!
