- Income Verification – Nesbitt Realty & Management investigates prospects for continued employment, job title, job status and salary. Depending upon the prospective tenant'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.
- Application – After the potential lessee tours an investment home, the agent takes an application. The application is accompanied by supporting documentation so that Nesbitt Realty can verify and examine all information included on the application. The possible renter pays for the cost of the background check at the time of application.
- Credit History – The possible tenant's credit history informs us about the prospective tenant’s current and past performance in scored record of the potential renter's ability to repay debts and demonstrated responsibility in repaying debts. The applicant’s credit report also tells us their monthly debt and shows their previous addresses (which we compare to addresses listed on the application). An applicant must have acceptable credit to qualify.
Renting places is not about choosing renters. It's about finding the the best-possible renter. Verifying the claims of prospective lessees is one of the most important chores of the successful management services in Arlington County of an investment condo in Northern Virginia. Our family brokerage scrutinizes the applicant’s past behavior. With that in mind, our small real estate brokerage assumes the applicant’s future behavior will be the same or similar. The potential renter should demonstrate a history of being a reliable, trustworthy renter and demonstrated financial capacity. Our background checking process is founded on several basic tactics including: