The first step for us to hunt for the best-possible renter is to advertise the listing to the public. But the second step is to find a dependable renter. Vetting applicants is one of the most vital aspects of the successful rental management of a rental in 22307 in Alexandria.
Our local real estate company investigates the applicant’s past behavior. With that in mind, Nesbitt Realty assumes the possible tenant’s future behavior will be the same or similar. The applicant should demonstrate a history of being a top, trustworthy renter while meeting your financial criteria. Our background checking process is founded on several fundamentals including:
- Application – After the possible renter learns more about an investment home, the agent takes an application. The application is accompanied by supporting documentation so that our family real estate business can verify and scrutinize all information included on the application. The applicant pays for the cost of the background check at the time of application.
- Credit History – The applicant’s credit history informs us about the applicant’s current and past performance in meeting their financial obligations. The applicant’s credit report also tells us their monthly debt and shows their previous addresses (which we compare to addresses listed on the application). An applicant must have acceptable credit to qualify.
- Income Verification – Nesbitt confirms job title, salary, job status and prospects for continued employment. Depending upon the applicant’s debt load, a tenant needs to earn at least 3 to 4 times the monthly rent in gross income to qualify for a rental.
If accepted, the applicant’s in-processing includes a lease, lease signing, collecting pro-rated rent, and providing the renter with a copy of any association documents needed for disclosure and instruction on rules and regulations associated with the rental and community.
For a complete break-down our process, contact Stuart Nesbitt or read more here. Our small real estate company licensed by Virginia and we are REALTORS® Nesbitt Realty also choose tenants through our local Multiple Listing Service and other methods. To learn more about the full list of what we do, get in touch with an agent today.
Stuart Nesbitt would love to help assist with finding the property of your dreams.