The first step for us to hunt for a dependable lessee is to advertise the listing to prospective renters moving to Northern Virginia. But the second step is to find the great lessee. Checking the backgrounds of prospective renters is one of the most critical charges of every managing agent in 22301.
Nesbitt Realty checks out the applicant’s past behavior. With that in mind, our team assumes the potential lessee’s future behavior will be the same or similar. The possible tenant should demonstrate a history of being a reliable, good tenant and having the income and debt-ratio to manage rent. Our background checking process is founded on several elements including:
- Income Verification – Our award-winning business confirms prospects for continued employment, job status, job title and salary. 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 rental.
- Application – After the applicant checks out a rental property, the agent takes an application. The application is accompanied by supporting documentation so that our 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 potential renter’s current and past performance as far as debts and other 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.
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 investment property and community.
For a complete break-down our process, email Nesbitt Realty or read more here. Nesbitt Realty also discovers renters through our local Multiple Listing Service and other methods. To learn more about the full-list of what we do, contact an agent today. Our family real estate brokerage fully authorized to manage rental home in Virginia, and we have all necessary licenses and accreditation.
$2,900 — 2 BR — 2 BA ++ 0 HB // Alexandria
Nobody works harder than Nesbitt Realty.