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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 does a property manager do?

The property manager's primary role is to interface directly with applicants, tenants, and maintenance people. A good property manager saves you time, hassle, and worry by having your property producing income while maintaining the value of your investment. The property manager handles:
  • the marketing of your rental,
  • the collection of rent in a timely fashion,
  • the maintenance of a record of all income and expenses,
  • the overseeing of maintenance and repair issues,
  • the response to tenant complaints,
  • the knowledge of when to draw the line,
  • and even the pursuance of evictions.
Nesbitt Realty has the know-how and experience in properly managing your property in Northern Virginia, giving you the peace of mind that comes with the knowledge that your investment is in good hands. Learn more about our property management service!

Northern Virginia Property Management Resources