Guaranteed rent solves the hassle of finding tenants and ensures a stable return

The speed of letting a property to a reliable applicant is crucial to an investment’s return. The period for which a flat is vacant, or dealing with non-payers or otherwise problematic tenants, directly threatens the income from an owned property. “Unlike estate agencies, we do not rely solely on property advertising. In addition to all major property portals, we find tenants through long-term cooperation with international companies and schools, as well as targeted marketing in the property’s location. On average, we secure a tenant within two weeks of starting the search,” explains David Novotný, owner and managing director of Bohemian Estates, a real estate company. A professional real estate company also has the appropriate means to screen prospective tenants and minimise risk. This enables it to protect itself against potential non-payers more effectively than a landlord.

Checking tenants for outstanding debts

“We check every tenant against the debtors’ register. If they have even one record, we will not enter into a lease agreement with them. We use watertight agreements proven over many years of practice, enabling us to deal effectively with non-paying tenants. However, as part of our service, this concern is entirely taken away from the client. We guarantee the collection of regular rent – if the tenant does not pay or the property is vacant, we cover it from our own funds, so the owner does not feel the shortfall at all,” explains David Novotný. Monthly rent guarantee is therefore intended for everyone who wants to receive regular rent every month without having to worry about anything. It gives you more time to plan a holiday, pursue your hobbies, or spend time with family and friends. This option is also ideal for owners who bought their flat with a mortgage and do not want to run into repayment difficulties.

How does it work?

A professionally managed property generally achieves higher occupancy and therefore earns more than a property managed by its owner. Thanks to know-how and extensive experience, a professional can also deal better with various unpleasant situations, which arise more often than owners would like. With more efficient management and a higher return, the service practically pays for itself. “We rent the property from the client, find a reliable subtenant and check that they have no outstanding debts. We enter into a sublease agreement with the subtenant and pay the owner the agreed rent even if the property is vacant or the subtenants do not pay. We take care of both the subtenant and the property on the owner’s behalf. After the lease ends, we guarantee that the property will be handed back in perfect condition,” says David Novotný of Bohemian Estates.