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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

Nesbitt Realty is trusted by local homeowners as well as overseas and out-of-state homeowners. We work for real estate investors, and trusts, but most of our clients are just average people who need us to help them manage their property. Although some of our clients are genuinely wealthy and have us manage multiple properties that have no mortgages. Most of our clients are "mortgage landlords". A mortgage landlord needs the rental income to pay the mortgage. For many of these homeowners the property that we manage is may be the single largest investment interest in their life. Learn more about us now!

Northern Virginia Rental Management Resources