Enjoy these free resources to help you in your ‘everyday landlord’ responsibilities.
These resources are broadly intended to assist you and each individual has unique circumstances, properties, and local regulations that may play in. Naturally, consult your attorney or CPA.
If you have your own application and background process in mind and you just want an applicant consent, check out the attached. As always, consult your attorney. This covers the basics and ensures you remember your landlord obligation to always get a consumer consent before performing any part of a background process.
This spreadsheet helps calculate and evaluate the draft financial performance of a rental property. Input a few of the basic fields, and the spreadsheet calculates measures like Cash Return, Net Operating Income, Cap Rate and more. Use at your own risk and as a tool and be sure to consult your CPA/team/run your own analysis.
We think online is the way to go, but if you’re looking for a printable paper rental application, you can download, print and use this one.
You’ll note one of our favorite questions to ask applicants “Did you receive a refund of the full security deposit” regarding prior addresses. Make sure you call and verify these answers with prior landlords. We recommend, when possible, speaking to at lease two prior landlords. It’s helpful to speak with the current landlord, just know you may not always get the truth if the current landlord is eager to see your applicant move on.
Also note we ask for 4 years of living history, applicants can attach more descriptions if necessary.
Refer to our Compliance Guide for more information on staying compliant with Fair Housing, and refer to our Screening like the Pros Guide to learn some tips from professional management companies on how they screen.
Take a look at a sample Georgia lease and see what clauses are important to you. If you have a lease, see what you may want to add, and if you don’t have a lease, familiarize yourself with the important clauses and concepts. We’ve inserted comments throughout highlighting special features of our Lease Generator tool.
Most of what you see in this lease is configurable using the Lease Generator tool. It offers easy questions to create your own lease, state-specific disclosures and state-specific tooltips to help with any statutory requirements.
You want to look for a few lease basics:
- Ensure all tenants are “joint and severally liable” so that if you have multiple tenants and one tenant can’t pay rent, the full rent remains due
- Ensure security deposits are compliant with your state laws. Security deposits are one of the biggest ‘issues’ when it comes to a lease challenge
- Use a “Severability” clause so that if any provision of the lease is found to be unenforceable, the remainder of the lease remains in tact and enforeable
See our blog posts about Lease Tips for more information by visiting our Blog page and clicking on the Lease category.