Out with the old, in with the new. A popular phrase that certainly applies to several aspects of real estate investing. Gone are the days where you have to meet up with your new tenant for lease documents to be signed the day they move in. You should be getting the signing done well before the lease start date so that on the day the lease starts you give them the keys, they give you the move in money owed and we are on our way to a successful landlord/tenant relationship. Here are some reasons why you should be electronically signing lease docs…

It Saves Everyone Involved Time

Have you ever tried to coordinate the schedules of more than one busy adult? We all have and it is a nightmare because people seem to be getting busier by the day. Electronically signing allows both parties to review and sign the docs at their convenience within their busy schedules. This time frees you up to work on other aspects of your investing business that need attention and the tenant will probably appreciate a more modern professional approach.

You Are Not Breathing Down Anyone’s Neck

Have you ever had a landlord sitting 2 feet from you as you read through a lease? A little bit uncomfortable, no? Sending the lease docs electroncially allows the tenant to review the lease, ask any questions, and get any lingering minor lease issues cleared up before lease start date. Takes the pressure off everyone involved and is way more efficient.

Both Sides Get Emailed a Copy of the Fully Executed Docs

Record keeping is important as a landlord, but is something that is easy to overlook with everything else going on. Electronic signing does most of the work for you with respect to document organization because it sends copies of the fully executed documents to you and the tenant making it easy to just file away and be done with.

Makes The Lease Renewal Process Easier

In any electronic signing platform I have ever used it allows you to store templates of previously sent documents. So when it comes time for lease renewal you can dial up the old lease, change the dates to reflect the current year/time period, and send it over to the tenant and yourself for signatures. It does not get any simpler than that and the tenant will probably appreciate how professional and efficient the process is also.