Lesson 1 - Tenants & Leases

Welcome to Module 8 - the final step!

I’m Seth, and my rentals now give me $30k+/year truly passive.

This module makes it easy.

LESSON 1: TENANTS & LEASES - THE 60-MINUTE SYSTEM

You’re about to collect your first rent check.
Do it wrong → drama, vacancies, and headaches.
Do it right once → money shows up every month while you sleep.

BONUS: My exact 60-Minute Management System

• List the unit:

  • Zillow Rental Manager ($35 one-time app fee) → auto-syndicates to Zillow, Trulia, HotPads

  • Facebook Marketplace (free) → photos + short video walkthrough

  • One killer headline: “Updated 2-bed duplex - move in ready, fast maintenance”

• Screening (never skip):

  • Minimum: 600+ credit, 3× rent income, no evictions

  • Use Zillow’s built-in application + background check ($35/applicant — they pay)

• Lease:

  • Always consult an attorney to set up your lease local to your city.

  • In the mean time - it’s possible to use the leases that were provided when buying the property.

    • Be cautious: I used a previous rental companies late fees and they were inconsistent with local laws and I lost in eviction court.

  • Key clauses I never budge on:
    • No smoking / no pets (or $500 pet fee)
    • Rent due on 1st, late fee on 5th (Consult attorney for specific details)
    • Tenant pays all utilities
    • 60-day notice to vacate

Real numbers from my current tenants

• Listed → 38 inquiries in 48 hrs

• 5 applications → picked the best one

• Signed lease → moved in 12 days later

• Zero drama in 3+ years

ACTION #1 - DO THIS BEFORE OR RIGHT AFTER CLOSING

1. Get your first lease agreement

2. Create your Zillow Rental Manager account tonight

3. Take 15 photos + 60-second video of the empty unit & Post

One good tenant = $15k–$30k+ per year in your pocket with zero headaches.

Next lesson: Maintenance that costs almost nothing.

Let’s fill your unit fast and easy - see you in Lesson 2!