Real Estate Management

Management and maintenance of individual real estates

Real estate management is a comparatively new service on the Bulgarian market, which has a serious growth during the last years. Due to the increasing investments in real estate a new necessity for their responsible management and maintenance has arisen.

We offer reasonable services and a productive approach to Tenants, Owners and Property management of basic residential estates, as well as country and village houses, intended for tourist needs on the territory of Sofia and its surroundings, applying the best business standards.

We guarantee a professional, reliable and efficient management of your property on a competitive price. Our main offer is directed towards owners, who intend to rent out their estates but do not have the time and possibility of doing it. So we can:

• Increase and ensure stability of income from your property
• Secure financial returns
• Ensure engagement of the property
• Regular updating of the rent price according to market conditions
• Possibility to insure the property using big discounts
• Administration and keeping the property in good exploit condition
• Ensure maintenance when the property is rendered at hotel principles

On concluding a real estate management contract, we offer you monitoring, management services and rental of the real estate:

1. Regular advertisement and effective view of the estate – all real estates for rent are advertised in the most popular tourist internet portals
2. Renting out the property, providing legal guarantee of the transaction
3. Finding the most appropriate tenants
4. Ensures full- time occupation of the rented property
5. Preserves the deposit according to the rental contract
6. Supervises the exact accomplishment of all the contractual clauses, including tax payment by fixed dates
7. Monitors the condition of the property
8. Performs basic repairs on the property - a duty, normally carried out by the landlord
9. Coordinates activities such as projects for interior reconstruction, design and furnishing
10. Insures the property, if desired by any of the parties
11. Rents out the property on hotel principle – regular room cleaning and laundry changing
12. Municipal and local bill payments (electricity, water, heating, cable TV, internet) – on the account of the landlord

The “Property management and maintenance service” includes some important engagements, which our agency fully undertakes:

Our requirements:

1. General property insurance
2. Preferably the property should have a security alarm system connected to a security company
3. The property must be fully furnished and fitted with all necessary items. We require a certain standard of furnishing for a property to be let

Our fees:

1. When renting out the property on hotel principle there is an annual administrative fee of 120 Euro without VAT, which is paid in advance at the signing of the contract and for each year of managing the property, as well as 25% from the gross monthly rent
2. Our ongoing management comission is only 10% of monthly rental payments, finders fee - 50% of the first month rent