The first step for our real estate brokerage to shop the best renter is to market your investment detached to prospective renters moving to Northern Virginia. But the second step is to identify a good renter. Checking out applicants is one of the most crucial duties of the successful property management of a rental residence in Northern Virginia.
Our tiny operation looks ats the potential renter’s past behavior. With that in mind, our tiny brokerage assumes the applicant’s future behavior will be the same or similar. The potential renter should demonstrate a history of being a trustworthy, stable lessee and meeting your financial criteria. Our background checking process is founded on several simple formulae including:
- Income Verification – Nesbitt confirms job title, prospects for continued employment, 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 applicant views a rental, the agent takes an application. The application is accompanied by supporting documentation so that our business can verify and check out all information included on the application. The prospective renter pays for the cost of the background check at the time of application.
- Landlord Reference – Nesbitt Realty utilizes public information, tax records, and other research and verification to ensure that we’re talking to the actual landlord about the actual rental history of the potential renter.
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 property and community.
For a complete break-down our process, email Will Nesbitt or read more here. Nesbitt also identifies tenants through Internet web searches and other methods. To learn more about the full list of what we do, contact an agent today. We have these critical memberships: Northern Virginia Association of Realtors, National Association of Realtors, Better Business Bureau, and more.