MAXIMIZING RENTAL INCOME AND HANDLING LEASES
Your rental income is the lifeblood of your building. Premises Guardian works hard to keep all units occupied and paying. We work with brokers to quickly on-board qualified tenants.
We expertly create and generate renewal/extension leases and vacancy leases that are accurate and compliant with all NYC regulations. We know all the correct riders to use for each particular type of lease and we carefully note lease expirations so that lease renewals/extensions meet NYC regulatory deadlines.
We keep meticulous rent ledgers on each tenant so we can correctly assess the tenant’s rent payment history.
We know how to deal with tenants who are in arrears. We are accustomed to working with law firms to get the matter resolved expeditiously.
We handle tenant calls and concerns so you don’t have to.
KEEPING COSTS TO A MINIMUM
We have proven contacts with the vendors to meet your building’s needs: law firms, brokers, boiler maintenance and repair, heating oil, insurance companies, plumbers, electricians and much more.
We keep you informed with everything that happens in your building(s). You can be as involved or uninvolved in decision making as you choose depending on your preferences.
We insure that building and apartment repairs are handled in a timely and affordable manner.
KEEPING THE BOOKS AND DOCUMENTATION
We manage tedious weekly or monthly payroll and salary issues with ADP and others.
We have created our own customized methods to track the complicated affordable housing rent rolls and annual registrations. We know how to keep monthly rent invoices current, so that no rents are missed and the correct amount is charged every time. Every dollar counts.
We log all accounts payable and accounts receivable, making tax time more manageable. We help prepare the data which needs to be submitted for your accountants during tax season or if you need to refinance your building. We keep detailed expense ledgers and other hardcopy documentation.
We keep all your leases, invoices, contracts and other documentation organized and available for you.
We keep your security deposit bank accounts well managed and up to date.
UNDERSTANDING NYC REAL ESTATE REGULATIONS
We are well versed in the 2019 HSTPA laws.
We are accustomed to dealing with NYC violations so that we can keep you compliant at all times. We have worked with all NYC government agencies and we understand their expectations: NYCHA, HPD, DOF, DEP, DOB, HCR and many more.
We’ll make sure all your regulatory requirements get completed on time. We know the Real Estate calendar and know how to keep you compliant with all your yearly regulatory requirements and avoid violations.
We ensure that all mandated building wide notices, RPIE, Annual rent registration, HPD registration, property tax payment, benchmarking, boiler inspections, lead paint inspections, HPD Multiple Dwelling Property Registration (MDR), window guard and stove knob cover notice, Fire & Emergency Preparedness Guide & Evacuation Checklist are properly taken care of.
WORKING WITH THE UNIONS
We know how to manage and direct union staff to maximize their productivity.
We understand the Apartment Building Agreements between your Union and the Realty Advisory Board.