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. #52: How to Move Your Investment Properties into an LLC
Landlords get sued more often than most other professions. As real estate investors start building a portfolio of properties, many start looking to isolate their properties under different LLCs. But that raises a question: how do you move a property into an LLC name...
Ep. #51 Rent Default Insurance & Other Ways to Protect Your Rents
Some landlords haven't collected rents in 16 months, as eviction moratoriums have prevented them from serving eviction notices on nonpaying tenants. But not landlords that bought rent default insurance. They've collected every payment, on time and in full, from their...
Ep. #50 CYA – Cover Your Assets
Real estate investors own more assets than most people, which makes them easy targets for lawsuits. Unless you protect your assets, that is. Deni chats with attorney Sayge Grubbs, Esq. about asset protection as you get older and accumulate more wealth, so you don't...
Ep. #49 Land Investing: No Sexiness, Low Headaches, High Profits
Why should real estate investors consider raw land over residential properties? Deni and Brian talk over the advantages, including: No renovations or contractors No ongoing maintenance expenses No tenant headaches No pest control problems Very little competition No...
How to Compete with Cash Real Estate Offers
Beaten by a cash offer on your last real estate offer to purchase? You’re not alone. The percentage of cash offers in real estate markets across the country have surged to 25% per the National Association of Realtors, up from just 15% a year ago. Still, you don't need...
Ep. #48 FIRE Investing Strategies with Wealth Planner Brian Thorp
What do traditional wealth planners have to say about rental properties? What about the FIRE movement and retiring early? Brian interviews former wealther planner and founder of Wealthtender.com Brian Thorp about how he personally invests, and his plans for passive...
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