How I Bought, Rehabbed, Rented, Refinanced, and Repeated for 14 Rental Properties
This is the dream right? Going from zero to 10+ rental properties, providing stable cash flow and long-term wealth for you and your family, and building a scalable business model to boot! Learn how this investor did just that, in this exclusive story featured on BiggerPockets!
Becoming a landlord is scary. There is a lot of work that needs to be done. Finding and purchasing the property is only the first half of it. And it’s not even the scary part! After you buy, you need to find tenants who will provide the least amount of turnover while taking care of your property and paying you rent.
There are a lot of hoops to jump through. You need to make sure that your landlord forms protect your interests and assets and ensure remedies in the event a tenant breaches the lease—all while remaining in compliance with the law.
This includes, but is not limited to, any discrimination, security deposit, and any other landlord/tenant laws. You need to make sure that you are protected and that your tenants are being treated fairly within the confines of the law.
You can not rely on the free state landlord forms. There is a reason they are free. The state does not care about you, your assets, or your interest. The state cares about “fair treatment” and compliance with the law. That’s it.
So then, how do you protect yourself?
Have a Solid Set of Landlord Forms
Where do you find these forms? Having a lawyer look them over will cost a small fortune! What do you do?!
Turn to BiggerPockets, of course!
BiggerPockets is now offering a suite of the 7 most common state-specific landlord forms that have been reviewed by real estate lawyers in each respective state. You no longer need to pay $1,000+ for a lawyer to review these forms. BiggerPockets is offering them at a special launch price of just $99 ($199 normally). So get them at the discounted rate while you can!
Save yourself $900+ and give yourself the peace of mind you deserve.
What Do You Get?
With this $99 purchase, you get a suite of rock-solid, landlord-favorable real estate contracts that are specific to your state. In fact, many people at BiggerPockets use a variation of these forms for our own personal use. This includes the one and only Brandon Turner (with Scott Trench, Mindy Jensen, and I providing input as well)! So, if you’d like the closest possible thing to our leases, these are them!
Here’s What You’ll Get
- Comprehensive Residential Lease
- A 10+ page residential lease that has been reviewed by a real estate lawyer, specific to your state.
- Rental Application
- Tenant screening is one of the most important aspects of being a real estate investor. You want to know as much as possible about your rental while staying within the confines of the fair housing act. These forms will help.
- Pet Addendum
- Don’t let a pesky cat, dog, fish, or dinosaur ruin your investment. Cover yourself here and make sure that you are covered and get fairly compensated for your tenant’s pet.
- Lease Extension
- Do you have great tenants? Do you hope they never leave? Extend their lease with this lease-extension form—without going through the process of signing an entire new lease.
- Lease Guaranty
- Do you have a tenant you are not sure about? Use this form to make a credible third party responsible for the lease being paid on time. This is most common for college students who may not have jobs. Their parents can be the third party who guarantees your rent is paid on time.
- Move-in/Move-out Form
- Make sure that the state of your property is documented and recorded properly when your tenants move in and out. That way, you understand what can legally be taken out of their security deposit and what cannot.
- Lease Amendment
- Life changes, and so do leases. If you realize that there is a portion of the lease that you and the tenant don’t agree with, amend it through the lease amendment form.
Why You Need Them
We really can’t stress enough how important it is to have a set of solid landlord forms in your toolbox. Especially as a first-time landlord or someone getting ready to do their first deal. Having forms with lots of holes in it will create headaches and financial trouble for you in the future.
Give yourself the peace of mind you deserve. Purchase the suite of landlord forms here.
You hear this all the time on the podcast. “Have a lawyer review your documents.” If you take the generic state-approved form and have a lawyer look it over, it can cost anywhere from $1,000 to $3,000. We already did the bulk of that leg work and ate most of that cost for you.
We are offering these seven forms for just $99. This $99 is just the launch price. The price will go up to $199 very soon—so get them at the discounted rate while you can!
What are your experiences with state-specific legal forms?
Share them in the comments below!