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Vetting Tenants — How we protect the landlord’s interests.

Vetting Tenants — How we protect the landlord’s interests.

What we seek in Luray renters

In Luray, our team wants to deal with reasonable tenants. Here are a few of the traits we expect.

  1. A renter pays the rent when due every month. This means paying on or before the first, rather than at 5 pm on the 5th.
  2. A tenant is honest. A renter does not sneak in a co-renter or pet.
  3. A renter is neat. A tenant does not attract pests like rodents and bugs.
  4. A tenant does not damage the home.
  5. A renter is courteous and nice to work with. A tenant understands the difference between a property manager and a hotel concierge.
  6. A tenant doesn't bother neighbors.
  7. A tenant reports problems when appropriate. Renters that don't report maintenance issues cost real estate investors money and cause head-aches for property managers.
  8. A renter doesn't complain when it's not appropriate. This means that a tenant doesn't ask to replace functioning systems. A tenant doesn't expect more than the lease provides. A renter doesn't complain that an appliance doesn't work when the tenant doesn't know how to operate the appliance.
  9. A renter does not smoke in the rental.
  10. A renter is looking for a rental term that is as long as the owner wants to rent the property.

So this is what we're looking for in a tenant, but how do we find tenants who live up to this standard? Experience has taught us that unreasonable renters can appear as polite, nicely-dress, well educated people with jobs. We have a knack for sniffing out unreasonable tenants.

 

Our Five Step Process

Fair Housing Laws and our conscience dictates that we do not judge potential renters in Luray based upon appearance.  Experience has taught us that appearances can be very decieving. We do however judge potential renters based upon their track record and their actions. If a applicant is difficult with our managers at the outset, they will probably be troublesome as renters. If a makes false statements, we can expect them to be dishonest as a renter.  If a has difficulty scrounging up certified fundsfor background fees and the first month of rent, we will expect that same person will have problems while they are in the rental.

But even if every appearance initially is good we still vet each applicant with a complete background check. Every applicant and occupant must submit a government-issue photo identification. From there, as property managers we start our vetting process.

How we protect the landlord’s interests in Luray:Nesbitt Realty is committed to Fair Housing

  1. We Check The Applicant’s Credit History
  2. We Investigate The Applicant’s Criminal History
  3. We Investigate The Applicant’s Rental History
  4. We Look For Internal Consistency In The Rental Application
  5. We Want To Know If The Applicant Can Afford The Rent

Luray Rental Management Resources

Our recommendation

After the background check is complete we make a recommendation to the owner based upon our experience as property managers in Luray and the information that we have verified. Ultimately the owner decides if the risk is worth taking, but they make that decision based upon facts and our expert advice.

Do you need know more about this community?

Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who needs to investigate real estate facts about Luray and neighboring areas.  The Guide to Real Estate provides information regarding what has sold and what is currently listed, as well as a couple of interesting facts that you may not know.  Not to mention, our Guide has quite a few of the aspects of residing in Luray.  Of course, most of this is interesting for buyers and sellers, but property owners and renters will also find this information to be somewhat edifying.

Our Broker Will Nesbitt

Will Nesbitt
Will Nesbitt

"I am by nature a trusting person, but this business has taught me to verify every statement that a tenant makes. Scammers and bad tenants can sometimes give every appearance of being trustworthy and upright people. We never cut corners on background checks." ~ Will Nesbitt

Julie Nesbitt

Will Nesbitt Julie Nesbitt Aubrey Nesbitt
Will Nesbitt Julie Nesbitt Aubrey Nesbitt

 I like tenants that pay on time. Late paying tenants cause extra work and unnecessary stress for landlords and property managers. ~ Julie Nesbitt