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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 Broadway tenants

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

  1. A tenant 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 renter is trustworthy. A tenant does not sneak in a co-tenant or pet.
  3. A renter is fastidious. A tenant does not bring pests like rodents and bugs.
  4. A tenant does not damage the home.
  5. A tenant is courteous and nice to get along with. A renter knows the difference between a property manager and a hotel concierge.
  6. A renter doesn't bother neighbors.
  7. A tenant reports problems at appropriate times. Renters that don't report maintenance issues cost property owners money and cause head-aches for property managers.
  8. A tenant doesn't complain when it's not appropriate. This means that a renter doesn't demand 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 tenant doesn't know how to operate the appliance.
  9. A tenant 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 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 nose for sniffing out bad renters.

 

Our Five Step Process

Fair Housing Laws and our conscience dictates that we do not judge potential renters in Broadway based upon appearance.  Experience has taught us that appearances can be very decieving. We do however assess people based upon their history and their actions. If a applicant is rude to our managers at the beginning, they will probably be difficult as tenants. If a makes false statements, we will expect them to be unreliable as a renter.  If a has difficulty scrounging up certified fundsfor background fees and the first month of rent, we will expect that same potential renter will have difficulty during the lease.

But even when every action initially is promising we still vet each applicant with a complete background check. Every potential tenant 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 Broadway: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

Broadway Rental Management Resources

Our recommendation

After the background check is finished we make a recommendation to the real estate investor based upon our experience as property managers in Broadway 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 understand more about our area?

Nesbitt Realty's Guide to Real Estate is a free tool for anyone who wants to find out more about Broadway and nearby areas.  The Guide to Real Estate includes information about what has sold and what is on the market, and a couple of interesting facts that you might not know.  Not to mention, our Guide has many of the fundamentals of living in Broadway.  As a matter of course, all of this is useful for buyers and sellers, but landlords and tenants might also find these tools to be quite informative.

Our Broker Will Nesbitt

Will Nesbitt
"We can help when you need us."

"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 has the experience that counts in Northern VA real estate.

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