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We Want To Know If The Applicant Can Afford The Rent

Vetting Tenants — How we protect the landlord’s interests. We Want To Know If The Applicant Can Afford The Rent

Income Verification

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.

 

 

Property Management Basics

A big added value that is provided by your Nesbitt Realty property manager is “separation”. Your Nesbitt Realty property manager maintains an adequate level of separation between the landlord and the tenants and the property. As you may already know, it is important to invest in real estate without emotionally investing in tenants or property. Your Nesbitt Realty property manager ensures that you always make the best decision for your family, rather than the tenant’s family. In other words, your Nesbitt Realty rental property manager serves as a buffer between the owner and his/her tenants. Nesbitt Realty assists you with finding tenants, handling repair projects and maintenance, overseeing improvements, collecting rent, and even paying some expenses and taxes. The specific tasks we handle vary considerably based upon the needs and wishes of the property owner. Additionally, a competent Nesbitt Realty property manager gives you protection from certain liabilities. [Find out more about our property management services for landlords.]

Northern Virginia Rental Management Resources