The first step for us to spot a solid renter is to advertise the listing to the widest-possible audience. But the second step is to find the the best-possible renter. Investigating applicants is one of the most necessary tasks of the successful management services of a rental in Virginia near Washington DC.
Nesbitt Realty & Management look ats the applicant’s past behavior. With that in mind, Nesbitt Realty and Management assumes the potential tenant’s future behavior will be the same. The possible tenant should demonstrate a history of being a stable, honest renter and also possessing the financial capacity to handle the rent. Our background checking process is founded on several hard truths including:
- Credit History – The prospective lessee's credit history informs us about the applicant’s current and past performance in scored record of the potential lessee'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.
- Income Verification – Nesbitt Realty confirms job status, job title, salary and prospects for continued employment. Depending upon the potential lessee's debt load, a tenant needs to earn not less than 3 to 4 times the monthly rent in gross income to qualify for rental.
- Application – After the applicant inspects a rental, the agent takes an application. The application is accompanied by supporting documentation so that our tiny brokerage can verify and scrutinize all information included on the application. The potential tenant pays for the cost of the background check at the time of application.
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 detached and community.
For a complete break-down our process, email Julie Nesbitt or read more here. Nesbitt Realty has these vital associations and memberships: National Association of Residential Property Managers, National Association of Realtors, Virginia Association of Realtors, and more. Nesbitt also acquires tenants through Internet web searches and other methods. To learn more about the full-list of what we do, contact an agent today.
I’m your local expert, Julie Nesbitt.