What we seek in Lake Ridge renters
In Lake Ridge, our team prefers to deal with reliable tenants. Here are a few of the traits we expect.
- A renter pays the rent on time every month. This means paying on or before the first, rather than at 5 pm on the 5th.
- A tenant is honest. A tenant does not sneak in a co-renter or pet.
- A tenant is neat. A tenant does not attract pests such as rodents and bugs.
- A tenant does not destroy the property.
- A tenant is courteous and nice to get along with. A tenant understands the difference between a property manager and a hotel concierge.
- A renter doesn't annoy neighbors.
- A tenant complains at appropriate times. Renters that don't report maintenance issues cost landlords money and cause problems for property managers.
- A renter doesn't complain when it's not appropriate. This means that a renter doesn't ask to upgrade functioning systems. A tenant doesn't expect more than the lease provides. A tenant 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 renter is looking for a rental term that is as long as the owner wants to rent the rental.
So this is what we're looking for in a renter, but how do we find renters who measure up to this ideal? Experience has taught us that bad renters can appear as polite, nicely-dress, well educated people with jobs. We have a nose for sniffing out difficult tenants.
Our Five Step Process
Fair Housing Laws and our conscience dictates that we do not judge potential tenants in Lake Ridge based upon appearance. Experience has taught us that appearances can be very decieving. We do however assess applicants based upon their history and their actions. If a applicant is difficult with our managers from the outset, they will probably be trying as renters. If a is dishonest, we can expect them to be untrustworthy as a tenant. If a has troubles scrounging up fundsfor background fees and the first month of rent, we will expect that same applicant will have difficulty during the lease.
But even if every appearance initially is good we still vet each potential renter with a complete background check. Every potential tenant and occupant must provide a government-issue photo identification. From there, as property managers we start our vetting process.
Lake Ridge Rental Management Resources
Basics
Basic information about what property management in Lake Ridge.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Lake Ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management services in Lake Ridge
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?
Landlord Reference
a useful archive for rental investors in Lake Ridge
- Before you rent out your investment in Lake Ridge
- Collections and evictions
- Communications with the renter
- During tenancy
- End of tenancy and what happens when a tenant breaks the lease
- How does the property owner get paid?
- How your property manager handles the association and your community
- How your rental manager handles utilities
- How Nesbitt Realty finds tenants
- Insurance matters for landlords using our property management
- How Nesbitt Realty & Management manage keys
- Lake Ridge rental investor responsibilities
- Maintenance, repairs & inspections for your property in Lake Ridge
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental
- When property owners don't yet know their new address
- Vetting tenants in Lake Ridge
More Information About Lake Ridge
Our recommendation
After the background check is finished we make a recommendation to the owner based upon our experience as rental managers in Lake Ridge and the information which 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.
Should you know more about the local real estate market?
Our Guide to Real Estate is a handy resource for anyone who needs to review important real estate information about Lake Ridge and surrounding communities. The Guide to Real Estate compiles information about what has sold and what is currently listed, and a couple of shocking facts that you might not know. Also, our Guide features some assets of residing in Lake Ridge. Of course, most of this is useful for purchasers and sellers, but rental investors and tenants will also find this data to be quite 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