The first step for us to choose a solid tenant is to advertise the listing to prospective renters moving to Northern Virginia. But the second step is to find the the right renter. Vetting possible tenants is one of the most critical duties of the successful property management of a rental property in Northern Virginia.
Nesbitt Realty scrutinizes the potential tenant’s past behavior. With that in mind, Nesbitt Realty and Management assumes the applicant’s future behavior will be the same or similar. The possible renter should demonstrate a history of being a good, reliable renter and at the same time having the income and debt-ratio to manage rent. Our background checking process is founded on several basics including:
- Income Verification – Nesbitt Realty investigates job title, job status, prospects for continued employment and salary. 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 rental.
- Application – After the applicant visits a investment home, the agent takes an application. The application is accompanied by supporting documentation so that Nesbitt Realty 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.
- Landlord Reference – Nesbitt utilizes public information, tax records and other research and verification to ensure that we're talking to actual property owner about actual rental history of the applicant.
If accepted, the applicant’s in-processing includes a lease, lease signing, collecting pro-rated rent, and providing the lessee 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, email Will Nesbitt or read more here. Nesbitt Realty & Management has these important associations and affiliations: National Association of Residential Property Managers, Virginia Association of Realtors, Northern Virginia Association of Realtors, and more. Nesbitt Realty and Management is fully authorized to manage rental in the Commonwealth of Virginia, and we have all necessary licenses and accreditation.
We have experience working Northern Virginia and can save you thousands on your purchase. America needs small businesses like Nesbitt Realty.