The first step for our real estate business to identify the ideal tenant is to market your investment unit to the widest-possible audience. But the second step is to identigy the a dependable lessee.
Nesbitt examines the applicant’s past behavior. With that in mind, Nesbitt Realty and Management assumes the applicant’s future behavior will be similar. The applicant should demonstrate a history of being a reliable, reliable renter and also meeting our financial criteria. Our background checking process is founded on several basics including:
- Landlord Reference – Our tiny real estate business utilizes public information, tax records and other research and verification to ensure that we're talking to actual landlord about actual rental history of the potential tenant.
- Credit History – The applicant's credit history informs us about the prospective lessee’s current and past performance with regards to debts and other financial obligations. 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.
- Income Verification – Nesbitt Realty establishes job title, prospects for continued employment, salary and job status. Depending upon the applicant's debt load, a tenant needs to earn a minimum of 3 to 4 times the monthly rent in gross income to qualify for rental.
If accepted, the prospective tenant’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 Nesbitt Realty or read more here. Nesbitt Realty & Management has many necessary memberships: Virginia Association of Realtors, Northern Virginia Association of Realtors, National Association of Realtors, and more Nesbitt Realty also discovers renters through relocation companies and other methods. To learn more about the full-list of what we do, talk to an agent today.
If you’d prefer to work with a family-run business, contact Nesbitt Realty.