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

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

What we look for in Fair Lakes tenants

In Fair Lakes, our team wants to deal with reasonable tenants. Here are some of the traits we look for.

  1. A renter 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 tenant has integrity. A renter does not sneak in a co-renter or pet.
  3. A tenant is reasonably clean. A tenant does not bring pests like rodents and bugs.
  4. A renter does not misuse systems.
  5. A renter is courteous and easy to work with. A renter knows the difference between a property manager and a hotel concierge.
  6. A tenant doesn't disturb neighbors.
  7. A tenant reports problems when appropriate. tenants that don't report maintenance issues cost real estate investors money and cause head-aches for property managers.
  8. A tenant doesn't gripe when it's not appropriate. This means that a renter doesn't ask to replace 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 tenant 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 owner wants to rent the rental.

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

 

Our Five Step Process

Fair Housing Laws and our conscience dictates that we do not judge applicants in Fair Lakes 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 us at the beginning, they will probably be troublesome as tenants. If a is dishonest, we will expect them to be untrustworthy as a renter.  If a has troubles producing fundsfor background fees and the first month of rent, we will expect that same person will have troubles while they are in the rental.

But even if every statement initially is promising we still check the background of each potential renter with a complete background check. Every applicant and occupant must provide a government-issue photo identification. From there, as property managers we start our vetting process.

How we protect the landlord’s interests in Fair Lakes: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

Fair Lakes Property Management Resources

Our recommendation

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

Should you know more about the area?

Our Guide to Real Estate is a helpful resource for anyone who wants to investigate real estate facts about Fair Lakes and surrounding areas.  The Guide to Real Estate compiles data about what has sold and what is for sale, and a few interesting facts that you may not be aware of.  Furthermore, our Guide features many of the aspects of residing in Fair Lakes.  Of course, most of this is interesting for purchasers and sellers, but real estate investors and renters will also find these resources to be somewhat eye-opening.

Our Broker Will Nesbitt

Will Nesbitt Julie Nesbitt Aubrey Nesbitt
Will and 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

Realtor 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