The first step for our award-winning real estate business to identify the ideal lessee is to market your rental home to the public. But the second step is to identigy the the best renter. Verifying the claims of prospective tenants is one of the most vital duties of any dilligent rental property manager in 22203 in Arlington County.
Our award-winning business investigates the applicant’s past behavior. With that in mind, Nesbitt Realty and Management assumes the applicant’s future behavior will be the same or similar. The potential tenant should demonstrate a history of being a top, reliable tenant and at the same time meeting our financial criteria. Our background checking process is founded on several basic tactics including:
- Application – After the prospective renter find out more abouts a rental property, the agent takes an application. The application is accompanied by supporting documentation so that Nesbitt Realty can verify and scrutinize all information included on the application. The prospective lessee pays for the cost of the background check at the time of application.
- Income Verification – Nesbitt checks out job title, job status, salary and prospects for continued employment. Depending upon the applicant's debt load, a tenant needs to earn at least 3 to 4 times the monthly rent in gross income to qualify for rental.
- Credit History – The applicant's credit history informs us about the applicant’s current and past performance in scored record of the possible 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.
If accepted, the applicant’s in-processing includes a lease, lease signing, collecting pro-rated rent, and providing the lessee 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, email Will Nesbitt or read more here. We have all necessary licenses to manage rental in Arlington County and anywhere in Virginia state. Nesbitt Realty & Management also seeks tenants through referrals from satisfied clients and other methods. To learn more about the full-list of what we do, reach out to an agent today.