What we look for in Broadway renters
In Broadway, our management staff wants to deal with reliable tenants. Here are some of the traits we expect.
- A tenant pays the rent on time every time. This means paying on or before the first, rather than at 5 pm on the 5th.
- A renter is trustworthy. A tenant does not sneak in a co-tenant or pet.
- A tenant is fastidious. A tenant does not bring pests like rodents and bugs.
- A tenant does not misuse systems.
- A renter is courteous and easy to get along with. A renter knows the difference between a property manager and a hotel concierge.
- A tenant doesn't bother neighbors.
- A tenant reports problems when appropriate. tenants that don't report maintenance issues cost landlords money and cause head-aches for property managers.
- A renter doesn't gripe when it's not appropriate. This means that a renter doesn't demand to replace 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 home.
- A renter is looking for a lease that is as long as the real estate investor wants to rent the property.
So this is what we're looking for in a renter, but how do we find renters who live up to this ideal? Experience has taught us that troublesome renters can appear as polite, nicely-dress, well educated people with jobs. We have a knack for sniffing out bad tenants.
Our Five Step Process
Fair Housing Laws and our conscience dictates that we do not judge potential renters in Broadway based upon appearance. Experience has taught us that appearances can be very decieving. We do however assess applicants based upon their track record and their actions. If a applicant is difficult with us at the outset, they will probably be difficult as tenants. If a makes false statements, we will expect them to be dishonest as a tenant. If a has a problem finding certified fundsfor background fees and the first month of rent, we can expect that same potential renter will have troubles while they are in the rental.
But even if every statement initially is promising 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 rental we start our vetting process.
Broadway Rental Management Resources
a useful source for property owners in Broadway
- Before you put a renter in your investment in Broadway
- Collections and evictions
- Communications with the renter
- During the lease term
- End of tenancy and what happens when a tenant breaks the lease
- How does the landlord get paid?
- How your property management company handles the association and your community
- How your property manager handles utilities
- How Nesbitt Realty finds tenants
- Insurance matters for property owners using our rental management
- How Nesbitt Realty & Management manage keys
- Broadway rental investor responsibilities
- Maintenance, repairs & inspections for your rental investment in Broadway
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental property
- When property owners don't yet know their new address
- Vetting renters in Broadway
More Information About Broadway
After the background check is complete we make a recommendation to the real estate investor based upon our experience as rental managers in Broadway and the information which we have verified. Ultimately the 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 this area?
Our Guide to Real Estate is a handy resource for anyone who wants to review important real estate information about Broadway and neighboring communities. The Guide to Real Estate has information regarding what has sold and what is on the market, and a couple of surprising facts that you may not be aware of. In addition, our Guide has some elements of residing in Broadway. Definitely, all of this is interesting for buyers and sellers, but property owners and tenants will also find these tools to be very enlightening.
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
I like tenants that pay on time. Late paying tenants cause extra work and unnecessary stress for landlords and property managers. ~ Julie Nesbitt