The first step for us to discover a good renter is to advertise the listing to the public. But the second step is to find a dependable renter. Qualifying potential tenants is one of the most essential responsibilities of every rental manager in Northern Virginia.
Nesbitt Realty checks out the applicant’s past behavior. With that in mind, Nesbitt Realty assumes the applicant’s future behavior will be the same. The applicant should demonstrate a history of being a reliable renter and at the same time demonstrated financial capacity. Our background checking process is founded on several elements including:
- Income Verification – Our tiny real estate brokerage investigates salary, job status, job title and prospects for continued employment. Depending upon the applicant’s debt load, a tenant needs to earn a minimum of 3 to 4 times the monthly rent in gross income to qualify for a rental.
- Landlord Reference – Nesbitt Realty utilizes public information, tax records, and other research and verification to ensure that we’re talking to the actual property owner about the actual rental history of the possible tenant.
- Application – After the potential renter checks out a rental place, the agent takes an application. The application is accompanied by supporting documentation so that our small brokerage 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.
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 break-down of our process, contact an agent or read more here. Nesbitt Realty & Management also get renters through the Military Housing Office and other methods. To learn more about the full list of what we do, contact an agent today.
Nesbitt Realty is fully authorized to manage rental property in the Commonwealth, and we have all the necessary licenses and accreditation.