The first step for us to shop the best lessee is to market your investment dwelling to prospective renters moving to Northern Virginia. But the second step is to identify a good renter. Investigating applicants is one of the most necessary responsibilities of the successful investment detached management of a rental home like 302 Kingsley Rd SW.
Our family brokerage scrutinizes the possible renter’s past behavior. With that in mind, Nesbitt Realty and Management assumes the potential renter’s future behavior will be similar. The applicant should demonstrate a history of being a reliable, stable renter while having the income and debt-ratio to manage rent. Our background checking process is founded on several basics including:
- Income Verification – Nesbitt Realty & Management investigate prospects for continued employment, salary, job title, and job status. 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.
- Application – After the possible renter learns more about a rental detached, the agent takes an application. The application is accompanied by supporting documentation so that our team can verify and check out all information included on the application. The applicant pays for the cost of the background check at the time of application.
- Tenant Screening – Nesbitt Realty screens tenants with a combination of checking credit history, background, eviction and criminal screening services as well as our own efforts to collect information needed to confirm and process the application.
If accepted, the possible tenant’s in-processing includes a lease, lease signing, collecting pro-rated rent, and providing the tenant 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 breakdown of our process, contact Stuart Nesbitt or
read more here. Nesbitt Realty has diverse crucial memberships: National Association of Realtors, National Association of Residential Property Managers, Better Business Bureau, and more We have all necessary licenses and accreditation to manage rentals in Fairfax County and anywhere in the Commonwealth of Virginia.
Read more about Nesbitt Realty's investment detached management services
For Lease
$4,500 )-( 5 bed — 4 bath | 1 half-bath — 3,500 sqft ++
Vienna 22180 VA
Is Hiring a Property Manager Good for You?
Although hiring a property management company has many advantages, there is a cost associated with hiring a property manager. In addition to the expense of property management, there are other reasons why property management may not be for you. Consider the following factors to determine if hiring a property management company would be a good decision for your property.
Ask yourself these questions to be able to make an informed decision:
- Will you live and work near your rental property? Northern Virginia is a very transient area. We have more than our share of military, diplomats, State Department, political appointees, and academia. If you’re getting transferred across the country or around the world, it might be a good idea to let a professional manage your rental. Even simple tasks get complicated very quickly when you aren’t around to manage the details.
- Do you want to handle the details of property management? Some landlords look forward to the challenge of finding good tenants. Some landlords find that maintaining the property and managing details is rewarding and enjoy taking late night calls. On the other hand, if you think rental property ownership is a chore and want little or nothing to do with the day-to-day management of your properties, you should probably consider hiring help to manage your property.
- How busy are you? Even if you find hands-on management rewarding, you may not have much time to devote to your property management business. If you already have a full plate, then the last thing you need is more to worry about, thus; the hiring of a management company may be an excellent idea when investing your hard-earned money.
- Can you afford the cost? Let’s face it. Hiring a property management company is a much more attractive option if you can afford it. If monthly cash-flow is not an issue, you’ll likely save money by paying a property manager and writing off the expense. If at the end of every month cash is tight, however, you may not want to hire a property manager.
- Can you afford the risk? Are you familiar with the Virginia Residential Landlord Tenant Act? Are you aware of what are the tenants’ rights? Do you know your responsibilities? The more you know about property management in today’s litigious culture, the more you’ll understand the value of having a professional in your corner.
- Do you have access to a network of maintenance people? All properties require maintenance. When your tenant calls you in need of repair will you know who to call and what to do in a timely fashion? If not, you may want to consider hiring a property manager.
Learn more about our rental property management services in Northern VA.
