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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

Is the landlord required by law to afford reasonable accommodations for tenants with a disability?  What is defined as reasonable accommodations? Who is defined as a differently-abled person? Are you required by law to have grab bars installed? Are you required by law to admit comfort animals on your property? What sort of confirmations can you legally request? Nesbitt Realty remains well apprised of Fair Housing Law; furthermore, this is simply another area of our expertise.  We know the answers to the above questions, and we also know how to handle the issues while accommodating the tenant and protecting the landlord. Learn more about our property management services!

Northern Virginia Rental Management Resources