Professional management of rental properties is on the rise
Along with the growing trend for investment properties and rising prices in recent years, demand for professional property management is also increasing. What does this service include, and how much does it cost?
Rental management for individual flats too
Professional property management, previously often used mainly by housing cooperatives, is now also attractive to private owners who have acquired a property as an investment. Professional property managers take care of all administrative, legal and technical matters related to letting, relieving property owners of worry and saving them considerable time. In addition, they can maximise rental returns thanks to their expert knowledge and experience in the sector.
About Bohemian Estates
Since 2006, Bohemian Estates has specialised in rental property management and currently manages over 2,000 flats in the Czech Republic and abroad, with a value of CZK 15 billion. Company statistics show that professionally managed properties have occupancy rates of up to 98%. Bohemian Estates offers a broad range of services, including monitoring lease agreements, legal optimisation of agreements, rent collection, property handovers and takeovers, communication with tenants, arranging payments and annual statements of utilities, technical maintenance, and a 24/7 emergency helpline for tenants. Property owners therefore do not have to worry about anything.
Rent guarantee
One option is the guaranteed rent service, which relieves owners of all concerns connected with letting while guaranteeing them a regular income, even in the event of non-paying tenants or vacancy. This service includes returning the property in its original condition, any necessary repairs and maintenance, rent collection, and advertising the property. It is suitable for those who want to receive rent regularly without any worries.
The cost of guaranteed rent is based on market rent and is set after an inspection of the property. Owners receive the agreed amount in their account regularly, whatever happens. On average, we find a new tenant within two weeks and check them against the debtors’ register, minimising the risk of non-payment. However, under the guaranteed rent service, rent is guaranteed regardless of these circumstances.