The first step for us to spot a solid renter is to market your investment residence to the public. But the second step is to identigy the the dream tenant. Investigating prospective tenants is one of the most important tasks of any local rental property manager in 22305.
Nesbitt Realty investigates the possible lessee’s past behavior. With that in mind, our local real estate business assumes the applicant’s future behavior will be similar. The applicant should demonstrate a history of being a good, honest tenant as well as demonstrated financial capacity. Our background checking process is founded on several simple formula including:
- Income Verification – Nesbitt Realty establishes salary, prospects for continued employment, job title and job status. Depending upon the possible renter's debt load, a tenant needs to earn not less than 3 to 4 times the monthly rent in gross income to qualify for rental.
- Tenant Screening – Our tiny brokerage screens tenants with a combination of checking credit history, background, eviction and criminal screening services as well as our own efforts to collect information needed to confirm and process the application.
- Application – After the applicant views a rental property, the agent takes an application. The application is accompanied by supporting documentation so that our business can verify and scrutinize all information included on the application. The potential tenant pays for the cost of the background check at the time of application.
If accepted, the prospective renter’s in-processing includes a lease, lease signing, collecting pro-rated rent, and providing the renter with a copy of any association documents needed for disclosure and instruction on rules and regulations associated with the rental and community.
For a complete break-down our process, contact Monika Ortiz or read more here. Nesbitt Realty & Management also discovers lessees through Military Housing Office and other methods. To learn more about the full-list of what we do, talk to an agent today. We are licensed by Virginia and we are REALTORS®