Frequently Asked Questions for Property Owners

Why is the monthly fee so low?
Our streamlined process has allowed us to pass savings on to the property owners seeking management for their properties.

How do you determine the rent that will be charged for my property?
Our staff of licensed Realtors will use comparable rental values in the immediate market area to determine the maximum amount of rent than can be collected for your unit.

Does your company assist in the purchase an sale of my property?
Of course. Premier Properties Realty and Management is a full-service real estate firm. Our broker and agents have been specializing in assisting investors acquire rental property as well as the disposition of the property for several years. We not only assist you in finding the right property for you that will give you the most return on your investment, but we will hold your hand through the entire process and teach you the in an outs of the business if you are not already familiar with them. 

I already have a tenant in my property. What now?
We would then only take over the complete management of the property for the monthly service fee of $55 per month.

Who will I be dealing with on a monthly basis regarding the management of my property?
Each property is assigned an asset manager based on location; this asset manager will serve as your primary contact point for all issues concerning your property.

Does the monthly fee go up?
We strive to keep our low price philosophy, so each contract is locked in at a fixed low price for one year.

What expenses would I expect to be taken out of the rent revenue? We try to manage your property as if it was our own and negotiate the least amount possible for repair items.  We will be in charge or having all repairs completed with no approval from the owner for broken items up the cost of $500.00. If we are dealing with a major item and it is going to be a higher cost then $500, we will always get your permission before proceeding. We also have a few tricks of the trade that we share with our clients to save them on all repairs needed for single family.

Can I use my own service personnel to make repairs to my property?
We are more than happy to work with your service personnel. However, we do require that you allow us to schedule our own appointments for service at your property.

Do you accept Section 8?
Yes we do, but before we advertise a unit for lease via the Section 8 program, we make sure that each owner understands the Section 8 program and process. There is about a 45-60 day delay in the first disbursement from Section 8 once a tenant moves in.

Do you offer discounts?
We offer a 15% discount for owners who have 20 properties managed by us. We also offer our client that purchase or sale 3 or more single family dwellings a year, a 1% rebate or discount on the real estate commission.

Do you require me to deposit reserves at the onset of our agreement?
Each situation is assessed on a case-by-case basis. Under normal circumstances we do not require reserves to be deposited at the onset of a property management agreement, but may if your property requires extensive make-ready repairs. Typically we will use the current months rent income to cover any expenses for your property before we cut you the remaining. 

When can I expect my monthly check?
Monthly accounting for rents received is initiated on the 15-20 th of each month. Payments are initiated through a payment system, and depending on your location, your check should be received within 5 days from payment initiation.

Do you have references?
Sure, just ask! We will give you contact information of other satisfied owners.

If I decided to purchase more rental property, can you help?
Of course. Allow one our investment specialists to assist you in locating, purchasing, financing, and insuring a new property. Our goal is to make your investment as profitable for you as possible. The more profitable your portfolio is for you, the more you will use our real estate and management services.