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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 Lake Frederick tenants

In Lake Frederick, our management staff prefers to work with dependable tenants. Here are a few of the traits we look for.

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

So this is what we're looking for in a tenant, but how do we find tenants who measure up to this ideal? 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 unreasonable tenants.

 

Our Five Step Process

Fair Housing Laws and our conscience dictates that we do not judge applicants in Lake Frederick based upon appearance.  Experience has taught us that appearances can be very decieving. We do however assess people based upon their track record and their actions. If a applicant is difficult with our managers from the beginning, they will probably be trying as tenants. If a is dishonest, we can expect them to be untrustworthy as a renter.  If a has troubles finding fundsfor background fees and the first month of rent, we can expect that same potential renter will have troubles during the lease.

But even if every appearance initially is promising we still vet every potential tenant with a full background check. Every person 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 Lake Frederick: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

Lake Frederick Rental Management Resources

Our recommendation

After the background check is reviewed we make a recommendation to the owner based upon our experience as rental managers in Lake Frederick and the information that we have verified. Ultimately the real estate investor decides if the risk is worth taking, but they make that decision based upon facts and our expert advice.

Should you understand more about the community?

Our Guide to Real Estate is a helpful tool for everyone who hopes to review important real estate information about Lake Frederick and nearby communities.  The Guide to Real Estate has data about what has sold and what is on the market, as well as a couple of interesting facts that you might not be aware of.  And, our Guide spotlights some elements of residing in Lake Frederick.  Definitely, most of this is useful for buyers and sellers, but property owners and renters will likely also find this information to be very edifying.

Our Broker Will Nesbitt

Will Nesbitt
Will 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

Julie 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