(703)765-0300

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

Normally, Nesbitt Realty charges a small percentage of the rent that is collected, and that is why landlords confirm that our fees are some of the lowest property management fees in Northern Virginia. The duties and responsibilities of your designated Nesbitt Realty property manager is outlined in the contract that is ratified by both Nesbitt Realty and the landlord. Our property management agreement is legal and recognized as it was prepared by the Northern Virginia Association of Realtors staff attorneys. This is a standardized agreement and it details the financial responsibilities, and it also specifies the types of financial reports that a landlord may expect.

What We Guarantee You

You are guaranteed that your designated Nesbitt Realty property manager aligns his/her work in accordance with amended laws and condo regulations which are relevant to your specific situation in Northern Virginia. Let us relieve your real estate burden. Do give us a call at (703) 765-0300 to discuss any questions or concerns that you may have. [Learn more about commitment to excellence in property management now.]

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