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Vermillion Realtors preparing for influx of student clients

Real estate agencies in Vermillion are starting to prepare ... Lauren Soulek is a sophomore from Delmont, South Dakota studying Media/Journalism and International Studies at the University of South Dakota. Lauren is the Assistant News Editor.

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February 20th, 2018 Lauren Soulek Around Town, Campus, State/Local comments Share this story Facebook Twitter Google+ LinkedIn Pinterest Students at USD are beginning to weigh their options for where they want to live for the next academic yearWhile some live on campus, some students decide to live off campusReal estate agencies in Vermillion are starting to prepare for the off campus business. Maloney Real Estate, Premier Real Estate and Dakota Realty are three of the real estate agencies in town that many students and locals depend on to help them find the perfect home. Policies and Codes Nadeen Peterson, a property manager at Dakota Realty, said the real estate agencies and individual agents must follow certain policies and practices that are set forth by federal government and state government. “There’s a board, a set of policies, you follow those rules, those are the guidelines,” Peterson said.  Policies that real estate agencies must follow include the Fair Housing Act, which says it is illegal to discriminate against “anyone based on race, color, sex, disability, familial status or national origin.” “There is no discrimination whatsoever,” Michelle Maloney, owner of Maloney Real Estate, said“That doesn’t necessarily set us apart, but it’s an absolute rule.” Jami Baedke, owner and broker associate at Premier Real Estate, said one policy that is specific to Vermillion is that realtors cannot rent to “any more than four non-related people.” “So, even though we have five bedroom houses, sometimes we can’t rent to five people,” Baedke said.  Jessi Wilharm, a property manager at Maloney Real Estate, said when it comes to landlords, they also have certain rental codes set forth by the city of Vermillion that they must follow. “We have rental codes through the city that they have to follow, but we stay on them and let them know when a tenant lets us know that something’s not right,” Michelle said“And we follow up with it and make sure it does get fixed if a tenant is not happy with it.” Peterson said technically nobody rents from Dakota RealtyPeople rent from the landlords, who the agencies work for by selling their property. However, Barb Iacino, a realtor at Dakota Realty, said each landlord is different. “Some landlord might live close and he might want to cut his own grass and deal with his tenants and do some of his repairs,” Iacino said“There’s some landlords who might live in California (who) don’t want anything to do with anything.” Maloney said they make sure their landlords maintain their properties. “We let our landlords know, we’ll represent you, but you have to maintain your property and you have to fix it when it’s broken,” Maloney said“We don’t have any interest in representing landlords who aren’t interested in keeping up their property.” Baedke said as a real estate agency, they are the “in between” for renters and landlords. “We don’t own any of our properties, we just manage them for the owner,” Baedke said“But we’re the in-between for everythingThe actual owners rarely talk to the tenants or deal with any maintenance issuesWe really handle the whole process for them.” One thing both Maloney Real Estate and Dakota Realty want to stress to first time renters, or any renters, is to buy renter’s insurance. “If a pipe breaks and their Xbox gets ruined, it’s not covered under the property owner’s insurance,” Wilharm said. Renter reviews Many students might base their opinions of the agencies off reviews they found onlineMaloney said no matter what the review is, they’re just trying to make sure their renters are safe and their landlords get paid because “that’s our job.” “We only had one bad review, and it was by someone who didn’t even rent from us,” Maloney said“We have people who come to us specifically because of our reviews, but we’re never going to make everybody happy all the timeI mean, someone’s late on paying their rent and we make them pay a late fee, they can give us a bad review and there’s nothing we can do about that.” Iacino said she has a strong opinion about the reviews they have gotten at Dakota Realty. “The good tenants may never give us a review at all, they just love us,” Iacino said“Ones that have a vendetta will often put in a horrible review and we aren’t going to sit there and argue with them when they say things that aren’t true.” Baedke said people usually only review for bad things. “That is something we’re working on, unfortunately, our online reviews are not accurate at all, because it’s the people who have had a bad experience and unfortunately it’s kind of their initial reaction,” Baedke said“It’s something we’ve worked through with them and we’ve fixed the problem, but the review is already out there.” Peterson said Dakota Realty has been in business for 20 years and most of their clients think fondly of the company. “On the whole, we rent to thousands of kids a year, literally, 99 percent of them are happy,” Peterson said“It’s just sometimes the more public ones, we weren’t happy with them either.” Maloney opened her real estate business in late 2013, and she said her goal is that people will look back fondly on their renting experience after they leave Vermillion. Wilharm said this is because her and Maloney also used to be students at USD. “Michelle (Maloney) and I both went to college here,” Wilharm said“We lived in some places that I wouldn’t have rented them now that I know what I knowSo that’s a big one for us, is making sure that they’re happyIt is a struggle because you feel like you don’t have much power when you’re a student renting, but you doYou have renters rights.” Anthony Edelen, owner of Louie’s Cleaning and Disaster Restoration, said his company does a lot of the cleaning for Premier Real EstateHe said they are one of the most professional companies he’s ever worked with. “Being in Vermillion, our number of places to rent from are fairly limited,” he said“But Premier, along with other companies here in Vermillion, are professionalTheir interests are in the care with the people renting from themSo they want to make sure that everything is to the highest standard that people want.” Share this story Facebook Twitter Google+ LinkedIn Pinterest Lauren Soulek Lauren Soulek is a sophomore from Delmont, South Dakota studying Media/Journalism and International Studies at the University of South DakotaLauren is the Assistant News Editor. Related Posts Campus February 21st, 2018 SGA passes emergency legislation to oppose state bill Campus February 21st, 2018 Former CDC coordinator shares concerns, reasons for leaving Campus February 20th, 2018 Director of university housing hired Facebook Comments Latest Stories Feb 21st 10:55 AM Verve People of the Pack: Shuo Yang Feb 21st 10:32 AM Special Player of the Pack: Emily Winckler Feb 21st 10:16 AM Opinion Editorial: Participating in SGA election is key Feb 21st 12:20 AM Campus SGA passes emergency legislation to oppose state bill Feb 21st 12:07 AM Campus Former CDC coordinator shares concerns, reasons for leaving Feb 20th 11:41 PM Campus Director of university housing hired Feb 20th 11:34 PM Campus Free speech policy petition surfaced on campus, students expressing concerns Feb 20th 10:48 PM Campus Sellers appointed to NCORE diversity office Feb 20th 10:05 PM Verve R-Pizza celebrates 50 years of business in Vermillion Feb 20th 10:01 PM State/Local Vermillion Realtors preparing for influx of student clients People of the Pack Weather Home Campus State/Local Sports Verve Opinion E-Edition Back to top The VolanteThe Volante is the University of South Dakota’s independent student-run newspaper since 1887 Al Neuharth Media Center The Volante 555 NDakota Street Vermillion, SD 57069 AboutAbout Code of Ethics History Awards Executive Staff Jobs Comment Policy Apply Advertise EngageNews Tips Letters to the Editor Overheard Submission In The Know & In The Dark Contact Us Subscribe Media PartnersKYOT-TV KAOR-FM Coyote Communication Coyote Creative Media & Journalism Department

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