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. 1: How to Protect Your Rents — Even During a Pandemic!
With evictions largely banned in the US, how can landlords protect their rental income? The short answer: prevention and protection. Deni and Brian walk through how to avoid the kinds of tenants that will stop paying, and how to protect your rental income streams even...
De-Urbanization: Are Americans Fleeing Cities in the Wake of COVID-19?
As a city dweller myself, I’m all too familiar with the challenges of urban living during the coronavirus pandemic. My family shares a small apartment with no outdoor space – and it certainly got harder to stay cooped up in it as the weeks and months of social...
How to Convert Your Airbnb into a Long-Term Rental Property
Even as the economy slowly reopens and people adjust to a “new normal,” the future of the home-sharing market remains uncertain. Vacation rental companies such as VRBO and Airbnb saw a collapse in demand and revenue due to travel restrictions and the economic fallout...
How Long Does Each Part of Your Rental Property Last? (Infographic)
Ever had a tenant fly into a rage because their refrigerator went out, ruining all of their food? Landlords know what a big deal it is when things break at their properties. Sometimes it’s something small like a window AC unit, but sometimes it’s something major like...
Unemployment Rates by County: Interactive Map
When renters lose their jobs, landlords tend to lose their rental income. Sure, most got several stimulus checks, and can go on unemployment to receive temporary assistance. But with over 10 million Americans unemployed, many renters in decimated industries like...
A Guide to Tactful Follow-Up for Scoring Deals in COVID-19
The full extent of the coronavirus pandemic’s effect on the real estate market is not yet known, and with uncertainty comes more risk. If you’re buying houses to flip or for long-term investment, do you really know what the value will be in the coming months and...
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