Investor · San Antonio, TX · Member since 2016 · 11 posts · 5 votes
Hey all!
Was wondering what many of you self-managers of your properties use to construct a Residential Lease Agreement and a move-in/move-out checklist. I found a few online, but wonder if I should build my own and have a lawyer vet it to ensure it's compliant with TX laws. I have other properties, but use a manager so I haven't had to deal with this yet until now with my most recent purchase. Thoughts? Thanks!
Investor · San Antonio, TX · Member since 2012 · 596 posts · 587 votes
4y
There is TXR-2006 Residential Lease Inventory and Condition Form from the Texas Association of Realtors. Google it and you'll find a link to download it.
There is TXR-2006 Residential Lease Inventory and Condition Form from the Texas Association of Realtors. Google it and you'll find a link to download it.
There is TXR-2006 Residential Lease Inventory and Condition Form from the Texas Association of Realtors. Google it and you'll find a link to download it.
A form from 2006 is very outdated. I get that its free, but not worth the risk in post-covid eviction these days.
Is it for a SFR? or shared apartment with interior unit only? I'd think that form is not really appropriate either
It's a SFR.
What are your thoughts on management websites (Rentredi, TurboTenant, etc.)? They supposedly generate state-compliant rental agreements.
They are all OK. same for the BP lease, its compliant and satisfactory, but its not tailored to anything special about the property/properties or your goals as an investor. We saw problems with "form leases" during covid. Lots of ambiguity and wiggle room.
To be honest, whether its worth it, is how many times you'll use it. If you only have one rental, is a lease worth $2,000? Probably not.
If you have 5 rentals, that cost is $500 per asset. Much better deal.