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Vetting Tenants — How we protect the landlord’s interests.

Vetting Tenants — How we protect the landlord’s interests.

What we seek in Franconia renters

In Franconia, our management staff likes to work with good tenants. Here are a few of the traits we expect.

  1. A tenant pays the rent on time every month. This means paying on or before the first, rather than at 5 pm on the 5th.
  2. A renter is honest. A tenant does not sneak in a co-tenant or pet.
  3. A tenant is fussy about cleanliness. A tenant does not bring pests like rodents and bugs.
  4. A renter does not break the property or its systems.
  5. A tenant is courteous and nice to work with. A renter knows the difference between a property manager and a hotel concierge.
  6. A renter doesn't annoy neighbors.
  7. A tenant complains at appropriate times. tenants that don't report maintenance issues cost property owners money and cause issues for property managers.
  8. A tenant doesn't gripe when it's not appropriate. This means that a renter doesn't ask to upgrade functioning systems. A tenant doesn't expect more than the lease provides. A renter doesn't complain that an appliance doesn't work when the renter doesn't know how to operate the appliance.
  9. A renter does not smoke in the property.
  10. A tenant is looking for a rental term that is as long as the real estate investor wants to rent the home.

So this is what we're looking for in a tenant, but how do we find renters who live up to this ideal? Experience has taught us that difficult renters can appear as polite, nicely-dress, well educated people with jobs. We have a knack for sniffing out troublesome renters.

 

Our Five Step Process

Fair Housing Laws and our conscience dictates that we do not judge potential renters in Franconia based upon appearance.  Experience has taught us that appearances can be very decieving. We do however assess potential renters based upon their history and their actions. If a applicant is difficult with our managers from the start, they will probably be rude as tenants. If a is caught fabricating facts, we will expect them to be untrustworthy as a renter.  If a has troubles scrounging up money for background fees and the first month of rent, we will expect that same applicant will have difficulty while they are in the rental.

But even when every appearance initially is promising we still vet every person with a complete background check. Every applicant and occupant must provide a government-issue photo identification. From there, as rental we start our vetting process.

How we protect the landlord’s interests in Franconia:Nesbitt Realty is committed to Fair Housing

  1. We Check The Applicant’s Credit History
  2. We Investigate The Applicant’s Criminal History
  3. We Investigate The Applicant’s Rental History
  4. We Look For Internal Consistency In The Rental Application
  5. We Want To Know If The Applicant Can Afford The Rent

Franconia Property Management Resources

Our recommendation

After the background check is complete we make a recommendation to the landlord based upon our experience as property managers in Franconia and the information that we have verified. Ultimately the landlord decides if the risk is worth taking, but they make that decision based upon facts and our expert advice.

Do you want understand more about this area?

Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who wants to find out more about Franconia and nearby areas.  The Guide to Real Estate includes information about what has sold and what is on the market, and a few interesting facts that you might not be aware of.  Not to mention, our Guide highlights quite a few of the aspects of living in Franconia.  Definitely, all of this is interesting for buyers and sellers, but landlords and tenants should also find these tools to be somewhat useful.

Our Broker Will Nesbitt

Will Nesbitt Julie Nesbitt
Will Nesbitt Julie Nesbitt

"I am by nature a trusting person, but this business has taught me to verify every statement that a tenant makes. Scammers and bad tenants can sometimes give every appearance of being trustworthy and upright people. We never cut corners on background checks." ~ Will Nesbitt

Julie Nesbitt

Will Nesbitt Julie Nesbitt
Will Nesbitt Julie Nesbitt

 I like tenants that pay on time. Late paying tenants cause extra work and unnecessary stress for landlords and property managers. ~ Julie Nesbitt