Income Verification
Landlords and others who are not in property management may be shocked to learn how many people lie about their incomes on rental applications. Not only do some applicants lie about how much they make, they lie about about where they work! This has taught us to verify income for each and every applicant.
After we verify the income amount and source we compare that income to the monthly rent to make sure that the tenant can afford the place. We use industry standard practices to calculate ratios to determine if the applicant can afford existing debt obligations and still have plenty of income to cover the monthly rent.
Our Five Step Process
Property Management Basics
- Nesbitt Realty has been in operation for more than 15 years, and the team of realtors has been in the property management business in Northern Virginia for an additional 20-year period.
- All property managers at Nesbitt Realty are qualified and licensed real estate agents, and they regularly report to a licensed real estate broker. Our real estate agents are highly knоwlеdgeаblе regarding rеgulаtіоnѕ when it comes to dealing with ѕесurіtу dероѕіtѕ, rеntаl іnсоmе, аnd оthеr crucial financial mаttеrѕ in Virginia.
Besides lісеnѕurе, being certified is indicative of еxtеnѕіvе іnduѕtrу knowledge. Nesbitt Realty is a member of a number of associations such as:
- National Association of Realtors,
- Virginia Association of Realtors,
- Northern Virginia Association of Realtors,
- Better Business Bureau,
- National Aѕѕосіаtіоn of Rеѕіdеntіаl Prореrtу Managers member and there are several related affiliations.
- Nesbitt Realty is the winner of the Super Service Award for many years from Angie's List. Angie's List members are verified clients who have taken their time to give feedback on our services.
- Nesbitt Realty is well-known for having some of the lowest fees in Northern Virginia. Nesbitt Realty has no set-up fee unlike some other realties.
Northern Virginia Property Management Resources
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Basics
Elementary info about what property management in Northern Virginia.
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Getting Started
Learn more about getting started with property management
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Find A Tenant
List your property to rent to find a great renter in Northern Virginia fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
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Cost
An overview of prices of rental management services in Northern Virginia
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Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rental property?
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Clients
Who uses Nesbitt Realty management services?