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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 Triangle tenants

In Triangle, our management staff likes to work with reasonable renters. Here are some of the traits we expect.

  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 is honest. A renter does not sneak in a co-tenant or pet.
  3. A tenant is reasonably clean. A renter does not attract pests such as rodents and bugs.
  4. A tenant does not misuse systems.
  5. A renter is courteous and pleasant to get along with. A renter understands the difference between a property manager and a hotel concierge.
  6. A renter doesn't bother neighbors.
  7. A renter reports problems at appropriate times. Renters 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 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 rental.
  10. A renter is looking for a rental term that is as long as the property owner wants to rent the rental.

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

 

Our Five Step Process

Fair Housing Laws and our conscience dictates that we do not judge applicants in Triangle based upon appearance.  Experience has taught us that appearances can be very decieving. We do however judge potential renters based upon their track record and their actions. If a applicant is difficult with our managers from the beginning, they will probably be troublesome as renters. If a is caught fabricating facts, we can expect them to be unreliable as a renter.  If a has a problem finding certified fundsfor background fees and the first month of rent, we can expect that same potential renter will have difficulty while they are in the rental.

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

Triangle Rental Management Resources

Our recommendation

After the background check is reviewed we make a recommendation to the real estate investor based upon our experience as rental managers in Triangle 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.

Do you want know more about our community?

Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to review important real estate information about Triangle and surrounding communities.  The Guide to Real Estate provides information regarding what has sold and what is currently listed, as well as many compelling facts that you may not be aware of.  Not to mention, our Guide features some fundamentals of residing in Triangle.  Of course, all of this is useful for buyers and sellers, but rental investors and tenants should also find these resources to be quite useful.

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

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