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.
Our Five Step Process
Property Management Basics
What is the role of a property manager?
The primary role of a property manager is interfacing directly with applicants, tenants, and maintenance personnel. An efficient property manager saves you time and ensures that you about your everyday life without having to worry about the production of income of your property while maintaining the value of your investment. The role of a property manager is to:- market your rental property,
- collect rent in a timely fashion,
- maintain an accurate record of all income and expense,
- handle maintenance and repair issues,
- respond to tenant complaints,
- know when to draw the line,
- and even pursue evictions.
Northern Virginia Rental Management Resources
Basics
Fundamental information regarding property management in Northern Virginia.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Northern Virginia fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management in Northern Virginia
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?