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:
Late Fees for Rent: What Landlords Can Charge in Each State
What can landlords legally charge as late fees for rent? It depends on your state’s landlord-tenant laws, and in some cases your local city regulations. Many states don’t explicitly limit the amount that landlords can charge, but require that it be “reasonable.” Talk...
Infographic: The Impact of Coronavirus on Real Estate Investors
As the coronavirus continues rattling investors and shuttering businesses around the world, people keep asking me the same question over and over: What will the impact on real estate be? Because no one knows how long the global pandemic will last, no one can know how...
Landlords’ Guide: Virtual Tours of Vacant Units in COVID
The COVID-19 pandemic has disrupted nearly every aspect of our lives. As we all try to keep up with all the ways the coronavirus is impacting real estate investors, many landlords are scrambling to figure out how to fill vacancies during the pandemic. Landlords and...
Housing Market Analysis: Interactive COVID Impact Map
Not all housing markets are created equal. Nor do they all face the same risk from the coronavirus pandemic and the damage it leaves in its wake. In early April, ATTOM Data Solutions released an analysis of which US cities and counties are most vulnerable to a drop in...
Buying Properties During COVID: A Guide for Investors
As Baron Rothschild famously put it, “the time to buy is when there's blood in the streets.” And as bad as the bleeding has been over the last month, it’s going to get much, much worse before the COVID-19 crisis passes. Which raises the question: Should real estate...
Landlords & COVID-19: Navigating Rent Defaults & Evictions
The new “C” word, coronavirus, has caused disruptions so different, so enormous, that it’s left most investors and landlords scrambling to keep up with constantly-evolving changes to how we do business. For landlords, COVID-19 is not only creating the problem of mass...
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