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We Check The Applicant’s Credit History

Vetting Tenants — How we protect the landlord’s interests. We Check The Applicant’s Credit History

Credit History

Good great is a good indicator, but is no guarantee of a good tenant. Good credit history indicates that someone pays bills on time and knows how to manage their finances. Renters usually have worse credit than homeowners / landlords.  Bad credit is not an absolute disqualifier. There are perfectly valid reasons why some people have bad credit and some of those people with bad credit can be outstanding tenants.

A credit history check is not the beginning or end but it is a good place to start to get a picture of whom you're dealing with.

 

Property Management Basics

The U.S. Department of Housing and Urban Development (HUD) states that there are a number of factors, especially financial ones, involved in the purchase and resale of a house. As a result, the public is advised to consult a real estate agent as their professionalism is a critical aspect which allows the decision-making process and the experience to be a smoother one. The key ingredient in having a successfully positive experience in a real estate transaction is finding the right professional to assist you. While real estate agents may meet your needs, the services of a Realtor® will be even more applicable to you.

What’s the Difference Between a Real Estate Agent and a Realtor?

There are more than two million people who have earned real estate licenses. Only a small, but significant percentage of them are Realtors. Realtors, are members in good standing with the National Association of Realtors, their state association of Realtors, and a local real estate board. Realtors are held to high standards of ethical behavior, and it is mandatory that they undergo continuing education annually to remain accredited. All agents of Nesbitt Realty are Realtors!    

Northern Virginia Rental Management Resources