Investigating potential lessees is one of the most important charges of any local management company in 22204 in Arlington County.
Our family-run real estate business checks out the prospective renter’s past behavior. With that in mind, Nesbitt Realty assumes the applicant’s future behavior will be similar. The applicant should demonstrate a history of being an honest and good renter and at the same time meeting our financial criteria. Our background checking process is founded on several fundamentals including:
- Credit History – The potential renter’s credit history informs us about the possible renter’s current and past performance with regards to debts and other financial obligations. The possible lessee’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 Realty & Management verifies prospects for continued employment, job title, salary and job status. Depending upon the applicant’s debt load, a tenant needs to earn not less than 3 to 4 times the monthly rent in gross income to qualify for a rental.
- Application – After the prospective tenant learns more about an investment home, the agent takes an application. The application is accompanied by supporting documentation so that our operation can verify and check out all information included on the application. The possible renter pays for the cost of the background check at the time of application.
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 of our process, contact an agent or read more here. Nesbitt Realty also finds renters through relocation companies and other methods. To learn more about the full list of what we do, email an agent today. We also have all the necessary affiliations and licensing to manage rental property in Arlington County and anywhere in Virginia.