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:
A Study on Rental Properties: The Best Investment in 145 Years
Cats or dogs? Coffee or tea? Real estate or stocks?Age old questions. And while I’m a firm believer in both, sometimes you have to make a judgment call based on limited cash available to invest.What performs the best over the long term? For that matter, where do...
Expansion vs. Consolidation Cycles: When to Invest & When to Tackle Debt
\“Should I pay down my mortgage(s) or invest in new rental properties?” Nor does that question end with mortgages and new investment properties. When should you pay down student loan debt, and when should you invest in equities? When should you pay down credit card...
Renters Have Changed Drastically, But Have Landlords Kept Up?
What did renters look like 20 years ago? Form an image in your mind of the stereotypical renter from the late ‘90s. Got it? Perhaps you thought of people like the cast of Friends: young, single, not earning a whole lot. And you would be right… for 20 years ago....
Landlord Credit Requirements Across the Country
This is a guest post from Diana Bolboaca, featuring recent credit and leasing data from RENTCafé. As a landlord, you know that tenant credit reports are one of the most crucial factors in the tenant screening and approval process. Nowadays, rental...
Sequence Risk, Retirement & How Rentals Save the Day (Again)
Thought 1: “I think I could retire on what I have invested right now! Woohoo!” Which is quickly followed by Thought 2: “But what if the market crashes the day after I quit my job?” My mother and step-father are in the midst of this conversation right now. That...
Marginal Gains: The Path to Real Estate Superstardom
How bright is each of those Chinese lanterns above, by its lonesome? Not very bright. Around what a second-rate pulp novelist might describe as "a dull glow." But standing in that crowd, with a thousand lanterns in the air above you? I bet you could see just...
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