What we seek in Randolph Square tenants
In Randolph Square, Nesbitt Realty prefers to work with dependable tenants. Here are a few of the traits we expect.
- A tenant pays the rent when due every month. This means paying on or before the first, rather than at 5 pm on the 5th.
- A renter is honest. A renter does not sneak in a co-renter or pet.
- A renter is reasonably clean. A renter does not attract pests like rodents and bugs.
- A renter does not break the property.
- A renter is courteous and nice to work with. A renter understands the difference between a property manager and a hotel concierge.
- A tenant doesn't disturb neighbors.
- A renter complains at appropriate times. tenants that don't report maintenance issues cost real estate investors money and cause problems for property managers.
- A tenant doesn't complain when it's not appropriate. This means that a tenant doesn't ask to replace functioning systems. A renter doesn't expect more than the lease provides. A renter doesn't complain that an appliance doesn't work when the tenant doesn't know how to operate the appliance.
- A tenant does not smoke in the property.
- A tenant is looking for a lease that is as long as the real estate investor wants to rent the rental.
So this is what we're looking for in a tenant, but how do we find tenants who live up to this ideal? Experience has taught us that difficult tenants can appear as polite, nicely-dress, well educated people with jobs. We have a nose for sniffing out tardy renters.
Our Five Step Process
Fair Housing Laws and our conscience dictates that we do not judge potential renters in Randolph Square based upon appearance. Experience has taught us that appearances can be very decieving. We do however judge people based upon their history and their actions. If a applicant is rude to our managers at the start, they will probably be difficult as renters. If a is dishonest, we can expect them to be unreliable as a tenant. If a has troubles scrounging up fundsfor background fees and the first month of rent, we can expect that same person will have difficulty during the lease.
But even if every action initially is good we still check the background of each potential tenant with a complete background check. Every applicant and occupant must submit a government-issue photo identification. From there, as property managers we start our vetting process.
Randolph Square Rental Management Resources
Basics
Fundamental information regarding management services in Randolph Square.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great tenant in Randolph Square fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of rental management services in Randolph Square
Vetting
How Nesbitt Realty vets tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
Clients
Who uses Nesbitt Realty management services?
Landlord Reference
a useful archive for landlords in Randolph Square
- Before you put a renter in your rental in Randolph Square
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of lease term and what happens when a renter breaks the lease
- How does the property owner get paid?
- How your rental manager handles the association and your community
- How your property manager handles utilities
- How Nesbitt Realty & Management finds renters
- Insurance matters for property owners using our property management
- How Nesbitt Realty & Management manage keys
- Randolph Square owner responsibilities
- Maintenance, repairs & inspections for your rental property in Randolph Square
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When property owners don't yet know their new address
- Vetting renters in Randolph Square
More Information About Randolph Square
Our recommendation
After the background check is complete we make a recommendation to the property owner based upon our experience as property managers in Randolph Square and the information that we have verified. Ultimately the property owner decides if the risk is worth taking, but they make that decision based upon facts and our expert advice.
Do you want know more about our local real estate market?
Our Guide to Real Estate is a handy tool for anyone who needs to learn more about Randolph Square and neighboring areas. The Guide to Real Estate provides data about what has sold and what is on the market, and a few interesting facts that you may not know. And, our Guide spotlights some aspects of residing in Randolph Square. As a matter of course, all of this is useful for purchasers and sellers, but property owners and renters will probably also find this information to be very useful.
Our Broker Will Nesbitt
"I am by nature a trusting person, but this business has taught me to verify every statement that a tenant makes. Scammers and bad tenants can sometimes give every appearance of being trustworthy and upright people. We never cut corners on background checks." ~ Will Nesbitt
Julie Nesbitt
I like tenants that pay on time. Late paying tenants cause extra work and unnecessary stress for landlords and property managers. ~ Julie Nesbitt