More and more foreign owners in Bulgaria are thinking about how to take your property during the tourist season. The motives for this decision is different for everyone: some are motivated by the desire to earn on apartment during your absence from the country; others just want to recoup the annual fee for maintenance of the residential complex. Whatever the motive which induced You to this, delivery overseas housing is fraught with difficulties. In this article we will discuss the following questions:
- What are the problems often faced by foreign landlords and how to minimize risks?
- What are the ways to take your property in Bulgaria and what are the advantages and disadvantages of each?
The dilemma of the owner: to whom to surrender, how and how much
Where to find clients, how to negotiate with tenants and how to solve disagreements? Agree that these are the main experiences that keep many from renting out their homes.
If we talk about finding tenants, everything is simple. It helps to create themed pages on forums and social networks to place ads on specialized sites: booking.com, airbnb, vput.ru or to advertise your property among friends and relatives. More difficulties arise when resolving lease issues on the spot. Allow them the property owner can in three ways.
1. To surrender himself. Independent residential property is the most profitable option, not requiring the payment of mediation services. At the same time it's rather a difficult path, especially if the majority of the time You spend at home. Somebody's got to convey to visitors the keys to solve financial problems, to monitor the safety of property. This option is suitable only if you live in Bulgaria or can count on the help of good neighbors or relatives living nearby.
Another, quite popular with the Russians way of putting foreign apartments, is to find customers among friends and relatives in Russia, the transfer of keys to the apartment and receipt of payment under the concluded contract. However, here we have to fully rely on the conscientiousness of “their” tenants.
2. To pass through the administrator of a residential complex or a company-Builder. This method is very risky, because few of Bulgarian managers will offer cooperation on advantageous terms. The maximum that you can count on is the exemption from the payment of annual fees for the maintenance of the residential complex and, perhaps, on a very modest fee on top. Settle for thatsome “mutually beneficial cooperation” only as a last resort. Although, in truth, much in this case depends on the decency of the managing entity.
3. To pass through a real estate Agency. This option will reduce some of the profit, however, will protect and save you from many experiences. However, mediation should be ordered only by a reliable company. The reputation of the intermediary, along with a properly signed agreement, provide a good rental income.
The advantages of renting through an Agency “life-Art Prophetic”
The main activity of our company is sale of real estate in Bulgaria. However, analyzing the difficulties of foreign homeowners, we also decided to focus on the provision of services for the management of resort real estate of our clients. Over the years we have helped many solve the problem of putting your property in the lease and acquired the reputation of a reliable management company. Through well established channels of advertising, own offices at major resorts in Bulgaria, knowledge of the market and the intricacies of the Bulgarian legislation, we can guarantee You:
- the maximum load of the apartment during the holiday season;
- good rental income;
- transparency of all information about customers and income;
- the maintenance of your property (cleaning, change of towels, etc.).
To obtain additional information about cooperation or use our services, fill in a special form in the section “lease”.
5 tips profitable to rent property in Bulgaria
- Look for clients among friends, relatives and acquaintances. Make business cards, create pages on social networks, underestimate the effect of “word of mouth”.
- Submitting the announcement, place the actual photos of the property. Before pictures of the apartment, move in the room in perfect order, create comfort in the bathroom. Remember that purity always attracts and increases your chances of profitable to take shelter.
- Be sure to include the name of the property, its location on the map, detail paint the apartments of the residential complex.
- Do not put too low a price, as it may, conversely, to discourage customers.
- Place the ad until the end of February-beginning of March and update your entry as often as possible.
Additional information on the topic you can read in the article: "Tips for those who want to buy residential property for the purpose of renting"
