Premier Real Estate focuses on single-family homes, townhomes, and condominiums.
We understand that this is a money-making venture for you as a landlord, so we are upfront with our fees.
Our monthly management fee is 8% or $85 whichever is greater. This covers everything from collecting rents to paying landlords to overseeing repairs and collecting late payments.
There is no setup fee to put the property in the computer system which allows the tenant to pay the rent over the internet and also allows Premier Real Estate to pay the landlords through direct deposit.
We have a minimum reserve requirement of only $200.00, which covers the costs of minor repairs and maintenance work.
For advertising the property on the Multiple Listing Service, writing of the lease, screening the tenants, showing the property, etc., we charge $600, $300 of which will be paid to the cooperating broker.
No Advertising Fee:
We don’t charge extra for advertising your property. We include this service when we list your property on the MLS, which includes hundreds of other websites all across the country. We concentrate our marketing online because over 98% of people looking for properties find them online or with one of our REALTOR® partners.
If you would like something different in the way of advertising for your property such as print media, (local or out of state), there may be additional charges. We want to keep you happy, so if this is something that you feel is important to your property, we will be happy to add this to our already great advertising campaign.
Accounting & Record Keeping Services:
Premier Real Estate uses the best in technology to keep you informed about your property. We use Buildium online property management software to manage monthly payments, tenant applications, statements, maintenance requests, accounting, landlord direct deposits and online file storage. In essence, all information of a sensitive nature is stored in their highly secure database.
Buildium enables you, the landlord to log in and check your accounts, paid by direct deposit, and monitor your income and expenses. It also allows the tenant to pay their monthly rent online as well as to request maintenance.
Owner proceeds will be disbursed by the 15th of each month by direct deposit, unless the tenant pays late.
Premier Real Estate will also provide you with a 1099 tax form for all tax and accounting purposes along with a year-end report detailing your expenses and income for each property.