• Home
  • Episodes
    • 000: Introduction
    • 001: 3 Ways to Make Money in Real Estate / 1 of 3 Big Decisions for Strategy
    • 002: Part 2 of 3 Big Decisions for Strategy : Cash Flow or Capital Gains?
    • 003: Part 3 of 3 Big Decisions for Strategy: Understanding Property Classes
    • 004: Part 1 of 3 on The Basics: Basic Financial Stuff
    • 005: Part 2 of 3 on The Basics: Basic Property Stuff
    • 006: Part 3 of 3 on The Basics: Basic Management Stuff
    • 007: Investor Interview: Josh Davis
    • 008: Part 1 of 2 on Property Valuations
    • 009: Part 2 of 2 on Property Valuations
    • 010: Will I Make Any Money? Real Numbers & Self Sabotage
    • 011: Using A Skills & Time Assessment To Choose a Property & Plan Your Project
    • 012: Understanding Contracts as an Investor
    • 013: Investor Interview: Bryan & Erin Waits
    • 014: Understanding Organizational and Financial Contracts
    • 015: Part 1 of 2 on Important Points of Leases & Property Management Contracts
    • 016: Part 2 of 2 on Important Points of Leases & Property Management Contracts
    • 017: Investor Interview: Nick Hayes
    • 018: 10 Bits of Wisdom
    • 019: Auburn and Airbnb or VRBO
    • 020: My First 6 Months: Interview with John Edwards
    • 021: My First 6 Months: Interview with Derek Jackson
    • 022: City Council Update: An Interview with Beth Witten
    • 023: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 1/2
    • 024: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 2/2
    • 025: Timeline of Your Investing Journey & Cash on Cash Return
    • 026: Auburn and Coronavirus
    • 027: Future Pacing & Practical Landlording
    • 028: Investment Property Insurance with Kathy Powell
    • 029: Inside a Rehab Project: Rossmere Condos: Part 1
    • 030: Investor Interview: Brent Beard
    • 031: My 10 Biggest Mistakes
    • 032: 2020 Year in Review
    • 033: Looking Ahead to 2021
    • 034: Andrew Parmer 1 of 2
    • 035: Andrew Parmer 2 of 2
    • 036: My Favorite Real Estate Books
    • 037: Jim Andrews 1 of 2
    • 038: Jim Andrews 2 of 2
    • 039: Mayor Ron Anders
    • 040: Russell Balch 1 of 2
    • 041: Russell Balch 2 of 2
    • 042: 5 Year Plans
    • 043: Catastrophe of Success
    • 044: May 2022 Update & Current Trends in Auburn Real Estate
  • Work with Me
  • Our Brokerage
  • Contact
  • About
Auburn Investment Properties Podcast | A Conversation about Real Estate Investing in Auburn, Alabama
  • Home
  • Episodes
    • 000: Introduction
    • 001: 3 Ways to Make Money in Real Estate / 1 of 3 Big Decisions for Strategy
    • 002: Part 2 of 3 Big Decisions for Strategy : Cash Flow or Capital Gains?
    • 003: Part 3 of 3 Big Decisions for Strategy: Understanding Property Classes
    • 004: Part 1 of 3 on The Basics: Basic Financial Stuff
    • 005: Part 2 of 3 on The Basics: Basic Property Stuff
    • 006: Part 3 of 3 on The Basics: Basic Management Stuff
    • 007: Investor Interview: Josh Davis
    • 008: Part 1 of 2 on Property Valuations
    • 009: Part 2 of 2 on Property Valuations
    • 010: Will I Make Any Money? Real Numbers & Self Sabotage
    • 011: Using A Skills & Time Assessment To Choose a Property & Plan Your Project
    • 012: Understanding Contracts as an Investor
    • 013: Investor Interview: Bryan & Erin Waits
    • 014: Understanding Organizational and Financial Contracts
    • 015: Part 1 of 2 on Important Points of Leases & Property Management Contracts
    • 016: Part 2 of 2 on Important Points of Leases & Property Management Contracts
    • 017: Investor Interview: Nick Hayes
    • 018: 10 Bits of Wisdom
    • 019: Auburn and Airbnb or VRBO
    • 020: My First 6 Months: Interview with John Edwards
    • 021: My First 6 Months: Interview with Derek Jackson
    • 022: City Council Update: An Interview with Beth Witten
    • 023: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 1/2
    • 024: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 2/2
    • 025: Timeline of Your Investing Journey & Cash on Cash Return
    • 026: Auburn and Coronavirus
    • 027: Future Pacing & Practical Landlording
    • 028: Investment Property Insurance with Kathy Powell
    • 029: Inside a Rehab Project: Rossmere Condos: Part 1
    • 030: Investor Interview: Brent Beard
    • 031: My 10 Biggest Mistakes
    • 032: 2020 Year in Review
    • 033: Looking Ahead to 2021
    • 034: Andrew Parmer 1 of 2
    • 035: Andrew Parmer 2 of 2
    • 036: My Favorite Real Estate Books
    • 037: Jim Andrews 1 of 2
    • 038: Jim Andrews 2 of 2
    • 039: Mayor Ron Anders
    • 040: Russell Balch 1 of 2
    • 041: Russell Balch 2 of 2
    • 042: 5 Year Plans
    • 043: Catastrophe of Success
    • 044: May 2022 Update & Current Trends in Auburn Real Estate
  • Work with Me
  • Our Brokerage
  • Contact
  • About

EPISODE 015:
Part 1 of 2 on Important Points of Leasing & Management Contracts

Categories:
Strategy & Tips
Description & Show Notes:
In this episode, we start with an overview of the leasing process, and then jump into the details on your Application and Lease.  We'll cover a lot of things you should do and not do, things you should include and why they are important.  It's a close-up look at how we screen our prospective tenants and automatically collect our rent, but we'll also look at the ways we use specific language and terms in our leases to reduce the risk, uncertainty and confusion in our process and our lease to smooth out bumps in the road before they happen.  I'll explain how using specific contract terms like "Joint and Several Liability" can help you avoid problems later by starting with clear expectations from the beginning.

In the Tips and Takeaways section, we'll look at the companies I've been using for tenant screening and rent collection for years and a new alternative out there.  We'll also look at how the "Three Most Valuable Word in Real Estate" (not Location, location, location) can be tied into our discussion of leasing contracts.


Milestones in the Tenant Life-Cycle, as relates to contracts:  (bold sections are covered in this episode)
  1. Application
  2. Lease + Clauses
  3. Payments
  4. Renew or Not?
  5. Pre-Leasing
  6. Vacate
  7. Deposit Refund

Links from this episode:​​
  • Work with Me
  • Tenant Screening Services: TenantReports.com
  • Automated and Inexpensive Rent Collection via ACH: PaySimple.com
  • Real Estate Brokerage Services: AuburnInvestmentProperties.com
  • Real Estate Investor Coaching: BetterREI.com​
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Hosted by:
Chris Kearns

- Investor, Broker
- 2x Auburn Grad
Brought to you by:
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Auburn Investment Properties  | 852 N. Dean Road, Suite 100, Auburn, AL 36830

Website Design & Hosting by Local Profits Group
  • Home
  • Episodes
    • 000: Introduction
    • 001: 3 Ways to Make Money in Real Estate / 1 of 3 Big Decisions for Strategy
    • 002: Part 2 of 3 Big Decisions for Strategy : Cash Flow or Capital Gains?
    • 003: Part 3 of 3 Big Decisions for Strategy: Understanding Property Classes
    • 004: Part 1 of 3 on The Basics: Basic Financial Stuff
    • 005: Part 2 of 3 on The Basics: Basic Property Stuff
    • 006: Part 3 of 3 on The Basics: Basic Management Stuff
    • 007: Investor Interview: Josh Davis
    • 008: Part 1 of 2 on Property Valuations
    • 009: Part 2 of 2 on Property Valuations
    • 010: Will I Make Any Money? Real Numbers & Self Sabotage
    • 011: Using A Skills & Time Assessment To Choose a Property & Plan Your Project
    • 012: Understanding Contracts as an Investor
    • 013: Investor Interview: Bryan & Erin Waits
    • 014: Understanding Organizational and Financial Contracts
    • 015: Part 1 of 2 on Important Points of Leases & Property Management Contracts
    • 016: Part 2 of 2 on Important Points of Leases & Property Management Contracts
    • 017: Investor Interview: Nick Hayes
    • 018: 10 Bits of Wisdom
    • 019: Auburn and Airbnb or VRBO
    • 020: My First 6 Months: Interview with John Edwards
    • 021: My First 6 Months: Interview with Derek Jackson
    • 022: City Council Update: An Interview with Beth Witten
    • 023: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 1/2
    • 024: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 2/2
    • 025: Timeline of Your Investing Journey & Cash on Cash Return
    • 026: Auburn and Coronavirus
    • 027: Future Pacing & Practical Landlording
    • 028: Investment Property Insurance with Kathy Powell
    • 029: Inside a Rehab Project: Rossmere Condos: Part 1
    • 030: Investor Interview: Brent Beard
    • 031: My 10 Biggest Mistakes
    • 032: 2020 Year in Review
    • 033: Looking Ahead to 2021
    • 034: Andrew Parmer 1 of 2
    • 035: Andrew Parmer 2 of 2
    • 036: My Favorite Real Estate Books
    • 037: Jim Andrews 1 of 2
    • 038: Jim Andrews 2 of 2
    • 039: Mayor Ron Anders
    • 040: Russell Balch 1 of 2
    • 041: Russell Balch 2 of 2
    • 042: 5 Year Plans
    • 043: Catastrophe of Success
    • 044: May 2022 Update & Current Trends in Auburn Real Estate
  • Work with Me
  • Our Brokerage
  • Contact
  • About