We Want To Know If The Applicant Can Afford The Rent

Income Verification

Landlords and others who are not in property management may be shocked to learn how many people lie about their incomes on rental applications. Not only do some applicants lie about how much they make, they lie about about where they work! This has taught us to verify income for each and every applicant.

After we verify the income amount and source we compare that income to the monthly rent to make sure that the tenant can afford the place.  We use industry standard practices to calculate ratios to determine if the applicant can afford existing debt obligations and still have plenty of income to cover the monthly rent.

 

 

Property Management Basics

The U.S. Department of Housing and Urban Development (HUD) states that there are a number of factors, especially financial ones, involved in the purchase and resale of a house. As a result, the public is advised to consult a real estate agent as their professionalism is a critical aspect which allows the decision-making process and the experience to be a smoother one. The key ingredient in having a successfully positive experience in a real estate transaction is finding the right professional to assist you. While real estate agents may meet your needs, the services of a Realtor® will be even more applicable to you.

What’s the Difference Between a Real Estate Agent and a Realtor?

There are more than two million people who have earned real estate licenses. Only a small, but significant percentage of them are Realtors. Realtors, are members in good standing with the National Association of Realtors, their state association of Realtors, and a local real estate board. Realtors are held to high standards of ethical behavior, and it is mandatory that they undergo continuing education annually to remain accredited. All agents of Nesbitt Realty are Realtors!    

Property Management Resources

Basics

Basic information about what property management is and how it works.

Learn More

Getting Started

Learn more about getting started with rental property management

Learn More

Find A Tenant

List your property to rent to find a great tenant fast.

Learn More

Accounting

How does Nesbitt Realty keep track of income and expenses for landlords?

Learn More

Cost

An overview of prices of property management services

Learn More

Vetting

How Nesbitt Realty vets tenants for landlords.

Learn More

Reserves

What is a contingency reserve account?

Learn More

Territory

Where does Nesbitt Realty manage property?

Learn More

Clients

Who uses Nesbitt Realty management services?

Learn More

Contact

Call (703)765-0300 to speak to a property manager now.

Email