Apartament de vanzare Baneasa, Apartament de vanzare Dorobanti, Bucuresti Agent Imobiliar
Invariable, the latter solution either fails at some critical point, or the landlord is not getting the most out of their property. I have seen examples of a landlord charging only 100e per month on an apartment worth 250e in rent only to make it easy for the tenant to be able to pay on time each month & for the landlords friend to have an easy live. The loss of 1,800e per year is almost 6 times what it would cost to get excellent professional help,
Not only are professional property managers experts at handling properties and tenants, they generally take only a small percentage of your property’s monthly rent in exchange for their services. We for example typically charge around 6 weeks rent per year. When you consider what you get in return—a expert resource, hassle-free, landlord-hands-off, passive income stream—the decision to employ a professional property management is a quick & simple one for the smart landlord. Before I started White Mountain Property, I myself was not a smart landlord, it must be said!
While the right property manager can benefit any rental landlord/ property owner, you might especially want to consider hiring a property manager if any of the following conditions exist:
You live further than a couple of short drive away from your rental property
You’re not a home maintenance wizz
You don’t have at least 6 hours per month to deal with tasks related to your rental property
You recognose you will be either too lenient, disorganised, occupied to be an effective landlord & collector of rent each month
You don’t want to make yourself constantly available in case of emergency
You don’t have a good working knowledge of landlord-tenant law
You don’t ever want to have to worry about dealing with difficult or non-paying tenants
You need your spare time for other matters, including focusing on the strategic matters of owning property, such as when to sell, upgrade, renovate etc.
What to expect from a Professional Property Manager?
Below you will find the best & worst practices of managing rental property in Romania, or anywhere for that matter.
I’d like to give you an insight to why I think having a reliable property management company manage your romanian property can be far cheaper than managing it yourself & in addition, much less stressful. I base this on managing a large personal protfolio myself also a larger one for my clients exceeding 3m Euro.
I’m someone that finds it very hard to let go & to depend on others, especially if there is a chance something could go wrong that is somehow important to me. Because of this trait, I left my career as a designer of some of the worlds most truly exotic cars, Aston Martin to come to Romania to manage my own protfolio. In doing so, I have built a business tailored around my needs & the needs of 34 other clients to date, rising by around 5 to 7 per year, every year. Previously though, I tried to balance my career with being a landlord & its not an easy thing to get away with.
I have clients from England, Scotland, Northern & Southern Ireland, New Zealand, Sri Lanka, the Philippines, Belgium, USA & even a few from Yorkshire!