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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

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.
Nesbitt Realty is knowledgeable and experienced to manage your property in Northern Virginia and gives you the peace of mind that comes with knowing your investment is in good hands. Learn more about our property management services!

Northern Virginia Rental Management Resources