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We Want To Know If The Applicant Can Afford The Rent

Vetting Tenants — How we protect the landlord’s interests. We Want To Know If The Applicant Can Afford The Rent

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.

 

 

Property Management Basics

You will be pleased to know that Nesbitt Realty is trusted by both local, out-of-state, and foreign property owners. Real estate investors and trusts hire us, but most of our clients are everyday people from all walks of life. They simply need some assistance with managing their property in Northern Virginia. While we do have some wealthy clients who have no mortgages on their properties, the majority of our clients are known as "mortgage landlords". "Mortgage landlords" need rental income in order to pay off mortgages. A number of these homeowners are the average people and this is the single largest investment interest that they have committed to in their lives. Learn more about us now!

Northern Virginia Property Management Resources