(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

The best part of having Nesbitt Realty as a property manager is that it offers 'separation'. What this means is that your Nesbitt Realty property manager maintains a certain level of separation amongst the landlord, the tenants, and the property. It is common knowledge how very important it is to invest in real estate without being emotionally invested in tenants or property. You will be assigned a Nesbitt Realty property manager who ensures that you make every effort to make the best decision for both you and your family. Your Nesbitt Realty rental property manager is similar to a buffer between the landlord and his tenants. Nesbitt Realty is very capable of finding you tenants, dealing with repair projects and property maintenance, overseeing improvements, collecting rent, and even paying some expenses and taxes. We deal with specific tasks in accordance to the wants and needs of the property owner. Furthermore, having a competent Nesbitt Realty property manager handle your affairs ensures that you are protected from certain liabilities. [Find out more about our property management services for landlords.]

Northern Virginia Property Management Resources