Property management department offers a comprehensive service to owners giving you peace of mind when absent from your property. This is one of the most popular services offered by our company.
It includes everything that is needed to maintain and to rent out your property, from key handling, paying the utility bills and annual local tax, advertising and placing tenants for short or long term rental, communication with other intermediates (i.e. tour operators and travel agents) to assisting the tenant/tourist fully during their stay.
All the marketing and advertising will be handled by our own marketing department. We are running various advertising campaigns such as, local and international advertisements in the press and travel media, Internet advertising through our website and our affiliated network, participation in local and international travel shows and high street advertising in our local offices etc. We have teamed up with some of the leading local and international tour operators and travel agents promoting Bulgarian tourism, which guarantees the highest possible occupancy of the properties which we manage, giving you a good return on your investment.
Owners can use their property as much as they wish provided that they have informed us in advance and if there is no booking already made or long-term tenant staying at their property.
We do have specific requirements which must be met in order to accept a certain apartment for Management & Letting. Please read the requirements below:
§ The property must have been granted Certificate for Habitation (also known as Act 16) and Permission for Use.
§ The property must be licensed for short-term letting.
§ The property and its contents must be insured against all standard risks such as theft, earthquake, flood, fire. We are able to arrange the insurance on your behalf.
§ Health/life insurance covering for tenants must be arranged for the property. We are able to arrange the insurance on your behalf.
§ 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.
§ The property must be in excellent order, with no repairs needed, free of any building/structural problems, etc. All electrical appliances must be in a good technical condition, working and safe for use. Please note that we will be dealing only with minor repairs and only after we have accepted a property for management & letting. Quite often with new developments, "snagging" problems appear, so please make sure that you have dealt with, and fixed all of them before you offer your property to us.
§ The building and its communal areas must be in excellent order, fully completed and landscaped, regularly cleaned and maintained. We will not accept properties in apartment buildings/gated complexes which are not maintained and looked after.
§ Short-term lets must be cleaned and supplied with consumables at Owner's expense every day as required by the standards accepted in Bulgaria.
§ We only pay the rental income to property owners by bank transfer into a Bulgarian account or abroad. We recommend that you open an account with a Bulgarian bank to accept your rental income here, in order to save the bank charges from the international money transfers.
§ Property owners pay tax on the rental income received. We collect and pay this on your behalf.
§ We reserve the right not to accept a certain property for management & letting.
Payment for our Management & Letting service is made in advance when the contract is signed with the property owner.
We reserve the right not to accept a certain property for servicing.
For more information, please Property management department.