Vetting applicants is one of the most important tasks of the successful investment property management in 22202 in Arlington County of a rental unit in the counties of Alexandria, Arlington, Fairfax and Falls Church.
Nesbitt Realty scrutinizes the applicant’s past behavior. With that in mind, our team assumes the prospective renter’s future behavior will be the same or similar. The applicant should demonstrate a history of being a solid, honest tenant while at the same time demonstrated financial capacity. Our background checking process is founded on several basics including:
- Application – After the applicant visits a rental, the agent takes an application. The application is accompanied by supporting documentation so that our team can verify and look at all information included on the application. The possible lessee pays for the cost of the background check at the time of application.
- Credit History – The applicant's credit history informs us about the possible renter’s current and past performance with regards to debts and other financial obligations. The possible renter’s credit report also tells us their monthly debt and shows their previous addresses (which we compare to addresses listed on the application). An applicant must have acceptable credit to qualify.
- Income Verification – Nesbitt verifies salary, job status, job title and prospects for continued employment. Depending upon the applicant's debt load, a tenant needs to earn not less than 3 to 4 times the monthly rent in gross income to qualify for rental.
If accepted, the applicant’s in-processing includes a lease, lease signing, collecting pro-rated rent, and providing the renter with a copy of any association documents needed for disclosure and instruction on rules and regulations associated with the rental and community.
For a complete break-down our process, email Will Nesbitt or read more here. Nesbitt Realty has a lot of important memberships and affiliations: Virginia Association of Realtors, National Association of Residential Property Managers, Northern Virginia Association of Realtors, and more Nesbitt Realty and Management is licensed by the Commonwealth of Virginia and we are REALTORS®
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