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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 New Market renters

In New Market, our team wants to deal with dependable tenants. Here are some of the traits we seek out.

  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 renter has integrity. A tenant does not sneak in a co-renter or pet.
  3. A tenant is reasonably clean. A tenant does not attract pests such as rodents and bugs.
  4. A renter does not destroy the home.
  5. A tenant 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 annoy neighbors.
  7. A renter reports problems at appropriate times. Renters that don't report maintenance issues cost landlords money and cause head-aches for property managers.
  8. A tenant doesn't gripe when it's not appropriate. This means that a tenant doesn't ask to replace functioning systems. A renter 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 tenant does not smoke in the rental.
  10. A tenant is looking for a lease that is as long as the real estate investor wants to rent the rental.

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 troublesome 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 New Market based upon appearance.  Experience has taught us that appearances can be very decieving. We do however judge applicants based upon their reputation and their actions. If a applicant is rude to our staff from the beginning, they will probably be trying as tenants. If a lies, we will expect them to be dishonest as a tenant.  If a has a problem producing money for background fees and the first month of rent, we will expect that same person will have problems during the lease.

But even if every action initially is good we still check the background of every potential tenant with a complete background check. Every person and occupant must submit a government-issue photo identification. From there, as property managers we start our vetting process.

How we protect the landlord’s interests in New Market: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

New Market Property Management Resources

Our recommendation

After the background check is finished we make a recommendation to the owner based upon our experience as property managers in New Market and the information which we have verified. Ultimately the 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 local real estate market?

Nesbitt Realty's Guide to Real Estate is a free tool for everyone who wants to learn more about New Market and nearby areas.  The Guide to Real Estate compiles facts about what has sold and what is on the market, and many compelling facts that you might not know.  In addition, our Guide spotlights quite a few of the assets of life in New Market.  Definitely, all of this is useful for purchasers and sellers, but rental investors and renters should also find this information to be very informative.

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