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.
Our Five Step Process
Property Management Basics
Our agents at Nesbitt Realty are people-pleasers. That is to say, we like making our clients happy. We enjoy saying “yes” and we like solving problems. At the same time our role as property managers requires that we maintain a strict adherence to the lease, the law and other requirements. One of the great challenges of property management is informing tenants (and sometimes landlords) the normal practices of property management in the Commonwealth of Virginia. Fortunately, because we have years of experience in the field of property management, we’re able to overcome many problems by avoiding pitfalls before they become problems.