Investment flat management
Collecting rent is great until something breaks down in the flat, tenants give notice or have trouble paying their rent. The landlord then faces the allocation of utility and energy costs, attending owners’ association meetings, completing a tax return, arranging insurance and other administrative duties. Suddenly, the property owner is faced with many tasks they do not enjoy, do not understand and do not have enough time for.
The certainty of a stable income
If you want to rely on a stable monthly rental income without worrying that tenants may decide not to pay rent or move out, our comprehensive flat management service with guaranteed rent is available, which you will receive regardless of property occupancy. We are one of the few real estate companies on the Czech market to offer professional flat management. We combine real estate services, consultancy, legal services and technical support. We screen every tenant against the debtor register, minimising the risk of non-paying or problematic tenants. We also provide our clients with guaranteed rental income.
How the service works
Our professional property managers take care of all matters connected with letting and managing your flat, including communication with tenants, energy suppliers, authorities and maintenance staff. Your dedicated administrator will take over all communication with tenants and maintenance staff, monitor the validity of lease agreements, prepare annual statements of utilities, accounting documentation and more. Our real estate department will find new tenants, attend viewings with prospective tenants, hand over the flat, arrange contract signings, etc.
Why investing in professional property management pays off
The service is charged at ten percent of the monthly rent collected. Even so, you can earn more than if you managed the flat yourself. Property investments in our portfolio achieve returns of up to 7 % per year, significantly more than the average rental return from an investment flat of around 3–4 % per year. The investment appreciation also increases over time, which is why we achieve an overall average year-on-year return of 9.7 % per year.
If you are considering investing in property, it is important to weigh up all the pros and cons and choose a suitable investment strategy. We will be happy to help you assess every aspect of your investment.