The first step for us to find the best tenant is to advertise the listing to the public. But the second step is to find the a solid lessee. Investigating applicants is one of the most vital aspects of every managing agent in 22032 in Fairfax.
Our tiny business investigates the applicant’s past behavior. With that in mind, our business assumes the prospective lessee’s future behavior will be the same. The applicant should demonstrate a history of being a trustworthy, solid renter and also having the income and debt-ratio to manage rent. Our background checking process is founded on several hard truths including:
- Income Verification – Nesbitt Realty & Management verifies prospects for continued employment, salary, job title and job status. Depending upon the prospective tenant'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 potential lessee views a rental townhouse, the agent takes an application. The application is accompanied by supporting documentation so that our team can verify and examine 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 prospective lessee’s current and past performance in scored record of the potential renter's ability to repay debts and demonstrated responsibility in repaying debts. 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 rental and community.
For a complete break-down our process, contact Andrew Patton or read more here. Our tiny real estate brokerage licensed by the Commonwealth and we are REALTORS® Nesbitt Realty also chooses renters through State Department bulletin boards and other methods. To learn more about the full-list of what we do, talk to an agent today.
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