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. 35: How to Know When to Sell Out as a Landlord
Rental properties are long-term investments. So how do landlords know when to throw in the towel and cash out? Deni and Brian break down several strategies for deciding when to call it quits as a landlord and sell your rental properties.Video Broadcast VersionAudio...
Ep. 34: Landlord Tax Deductions: An Overview for Investors
Rental properties come with a slew of valuable tax benefits. But only to the extent that you understand what they are and how to use them! Deni and Brian break down the most commonly used rental property tax deductions, to help you reduce your tax burden and improve...
Ep. 33: Renting to Friends or Family: Pros, Cons, and Cautions
Ever thought about renting a property to a friend or family member? It's a trap that's snared many an otherwise savvy landlord. If you're thinking about doing so, follow these rules for success before signing a lease agreement with someone you know personally!Video...
Raise Your Children as Good Entrepreneurs, Not Good Employees
Pause for a moment and consider what makes a good employee. Obedience? Check. Willingness to work long hours creating wealth for someone else? Check. Accepting a job and income controlled by others? Check. Now think about what makes a good entrepreneur....
9 (Legit) Gripes About the FIRE Movement – And My Responses
By now, you’ve probably heard of the FIRE movement, short for “financial independence, retire early.” If not, it showcases how to replace your 9-5 salary with passive income from investments (like, say, rental properties!). Because when you can cover your living...
PropStream Review 2024: Worth the Cost? Pros, Cons & Pricing
TL;DR On Our PropStream Review: PropStream provides detailed property data beyond MLS, including mortgage, tax history, foreclosure details, and direct owner contact information, enabling investors to uncover off-market deals and analyze properties with precision. The...
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