Vetting applicants is one of the most important tasks of any local rental property manager in Alexandria.
Nesbitt examines the applicant’s past behavior. With that in mind, Nesbitt Realty and Management assumes the applicant’s future behavior will be the same. The applicant should demonstrate a history of being a reliable, good tenant and also possessing the financial capacity to handle the rent. Our background checking process is founded on several basics including:
- Tenant Screening – Nesbitt Realty & Management 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.
- Income Verification – Nesbitt Realty establishes salary, job title, 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.
- Credit History – The applicant’s credit history informs us about the possible tenant’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.
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 home and community.
For a complete break-down of our process, get in touch with Will Nesbitt or read more here. We have all the necessary licenses to manage rental in Fairfax County and anywhere in Virginia. Our tiny real estate company also gets renters through relocation companies and other methods. To learn more about the full-list of what we do, contact an agent today.
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