September is considered one of the most profitable months on the rental market. The business season is resuming, and at the same time the demand for rental housing is growing. The real estate market is booming and promises new opportunities for owners of square meters.
The most common way to make money on real estate is by renting it out. It would seem that you can’t come up with anything new here. But there are companies that are ready to do this for the owner. And not only to hand over, but also to regularly pay for utilities, check the safety of property, and carry out routine repairs. The owner simply transfers the apartment to trust management and gets money for it.
The owner's two main concerns: the apartment will be hopelessly damaged or simply not rented out. Both of them are removed by a well-drafted contract. Firstly, a good trustee insures the apartment, often at his own expense. Secondly, the contract stipulates that if the period of idleness of the apartment exceeds two weeks, the manager begins to pay the owner from his own pocket. The companies involved in trust management assure that the amount of rent and candidates for tenants are agreed upon with the owner each time an apartment is rented out.
In Moscow, the owner of a one-room apartment can earn from 19 to 130 thousand rubles per month, depending on the condition of the housing and the area. For a two-room apartment - from 28 to 184 thousand rubles. The most affordable offer for a three-room apartment is 50 thousand rubles. Nice apartment can be rented out for 80 thousand rubles. Well, with expensive furniture, renovations and in a prestigious area, they will rent for 300 thousand rubles. In other regions the income is not so great. For example, in Krasnodar the owner will receive from 18 to 45 thousand per month for a one-room apartment, in Sochi - from 18 to 40 thousand. In non-resort cities that are not over a million people, rental yields are low. In Irkutsk, you can get from 10 to 20 thousand rubles for a one-room apartment.
The manager's income is a percentage of the apartment's rental rate. According to the apartment rental department INCOM-Real Estate, the cost of its services can vary from 5 to 30% of the transaction amount. The most expensive thing for an apartment owner is to transfer the property to trust management without repairs, subject to the condition that they are completed. Payment schemes may vary. “Our owner pays one monthly fee per year. That is, the first rent, which is transferred by the employer, goes to the agency. This works out to 8.3% per month. If the client trusts us to pay utility bills, then they are also deducted from the rent, but we do not charge money for the utility payment service itself,” says Svetlana Kos, CEO"AKRUS CITY".
Trust management is beneficial to those people who have real estate in one region, but live in another or even in another country. Moreover, transferring the apartment to management can provide “lifting funds” for moving. Thus, many companies are ready to pay the owner rent for several months at once.
However, trust management in our country is developing poorly so far. There are many reasons for this. Owners want to receive maximum income from real estate. They are afraid to transfer the apartment into the wrong hands. The guarantees offered by the trustee do not seem convincing enough to them. Most owners do not pay taxes on rental income - by renting out apartments to tenants themselves, they hide this fact.
The manager's income is a percentage of the apartment's rental rate. The cost of his services can vary from 5 to 30 percent of the transaction amount
There is one more drawback. Apartments located in different areas are difficult to manage. It is much easier to do this if the rental stock is located in the same building. Some developers are now trying to implement this idea with apartments. The developer offers not just to invest money in such real estate and transfer it to management, but develops profitability programs for investors. For example, regardless of the load, the owner receives an annual income of 5% of the cost of the apartment. Or instead rental payments within two years, the owner becomes the owner of a renovation created by the designer. To attract tenants, such complexes provide hotel-level service. “The income from transferring apartments to management is a guaranteed 8-9% of their cost. Or 10% if the owner is engaged in renting out independently. At the same time, many apartment owners in Moscow receive a lower return - 4-7% per year of the cost of the apartment. This is because the apartments are 15-35% cheaper than apartments, and the rental price does not differ,” says Alexander Samodurov, head of NAI Becar Apartments.
While in Russia residential complexes with a management company that can rent out the owner’s space are just appearing, abroad they have existed for a long time. Investors who expect to not just own, but also make money on their real estate, choose them. This allows them to receive maximum service while staying in their foreign apartment or villa and not have to worry about maintaining the property while they are away. “It is now popular to purchase apartments managed by a hotel operator. The advantage of this format is that the owner is not concerned about maintaining his property in a condition that is always suitable for occupancy. This is done by the management company, and it will also rent out the property. If the owner of his villa or does not come to the apartment, it is transferred to the rental pool. But at the same time, the apartment is in full private ownership of the owner,” says Elena Yurgeneva, director of the luxury residential real estate department at Knight Frank Russia & CIS. The profitability from such transfer of an object to a rental pool is low - from 4% per annum. But most owners do not pursue high returns on such properties, but view them as a way to save accumulated funds. In addition, for luxury, expensive properties, this management option is good because it relieves the owner of the burden of utility costs.
However, now similar complexes with the possibility of renting out apartments or apartments during periods of downtime abound in the economy and comfort class segment. There are many of them in Bulgaria and Montenegro. In Bulgaria, the cost of apartments starts from 21,000 euros, and management companies promise a profitability of 10% of the cost of housing per year. But this is if the property is located in a place where there is demand for it all year round. For example, in cities such as Varna, Sofia, Burgas. Condominiums are common in Thailand - complexes of apartments or townhouses with hotel-type services. The cost of such real estate starts from 1.5 million rubles. If the object is located in close proximity to the beach - from 4 million rubles. The managers also promise a return of 10% per annum. Moreover, in Thailand there is no clear seasonality, as in Europe. During the rainy season, tourists continue to relax and swim, and accordingly, rent housing.
Over the past few years, investors have been debating the return on investment in real estate. But this is all in theory. In practice, the real estate market in Russia is always active. The economy is growing - it’s time to buy an apartment; the economy is in decline - even more so. Here it is now. “Some depositors, frightened by the liquidation of banks by the Central Bank, decided to transfer their funds from virtual savings to real ones - to real estate. Liquid one-room apartments became more expensive the most - investors began to buy them to protect their ruble savings from currency fluctuations,” explains Mikhail Popov , founder of the personal finance management system EasyFinance.ru. Having protected your finances, you want to increase them, which means that soon a lot more rental housing will appear on the market.
Many people, and sometimes real estate agencies, confuse and Real Estate (Apartment) Trust Management Service. What is the difference?
First of all, in the first case, this is just an agreement under which an object, usually a production or enterprise, or some kind of building, is transferred to the management of the Trustee. Moreover, this agreement has strict conditions that are unfavorable for the apartment owner!
That is why the Trust Agreement is not concluded when transferring residential real estate for management. In the second case, this is a range of services provided to the owner who rents out his apartment and wants to shift the management company
What is important is that the range of services described above in different agencies can be provided under different contracts and called differently. Recently, a lot of agencies have appeared, declaring on their websites that they provide apartment trust management services. But if you dig deeper, there is nothing on this site except a small note about Trust Management, written like a carbon copy!
To To choose an agency that actually provides Trust management services, you must carefully study the contract, the list of services provided by the agency, obligations and guarantees for the safety of your apartment and property!
Trust management is a way to get maximum income from renting out an apartment.
In fact, trust management of residential real estate is carried out with one single purpose - the Owner obtaining maximum income from renting out an apartment with minimal time costs.
In practice, this is a rather difficult task to solve. This is why the apartment trust management service is becoming increasingly popular. Imagine that the maintenance and servicing of any residential property requires monthly attention to the technical condition of the apartment and property. In addition, you have to deal with many issues: security and insurance, building relationships with employers, representatives of utility services and management companies.
Agree that to modern man Living in Moscow and always experiencing a shortage of free time, but nevertheless wanting to make a profit from renting out his apartment, it is quite difficult to productively solve the above set of problems. It is especially difficult to solve it if a person is in a long absence from the city of his residence.
It is for those homeowners who would like to earn income from renting out their residential property, but for some reason cannot find tenants or monitor compliance with the terms of the rental agreement, our agency provides property trust management services ( This includes apartments, cottages and office premises)
By providing such a service, we will represent YOUR interests. Throughout the entire term of the commission agreement, we will exercise control over compliance with the clauses of the apartment rental agreement, as well as control of cash flows and the condition of the property transferred to management.
Trust management of an apartment in Moscow is a division of rights to property. The owner of the property transfers part of his rights to other entities for use, for example, to an agency. Thus, he will receive income from the rental of his home and retain control over all powers.
Renting an apartment in Moscow is a difficult and troublesome task. It is not always possible to cope with this on your own. Often there is no time, there are risks in choosing unscrupulous tenants. That is why a great alternative would be to contact the MSKSERVICE company! You can save time on searching, go about your business with peace of mind and receive good income monthly or once a year.
Additional services for you
The service is provided on the basis of concluded agreements. If necessary, we:
- We will provide video surveillance and install a security alarm.
- We will take care of your property (cleanliness and order).
- We will provide a detailed report of all expenses.
Renting an apartment to trust management is a great opportunity to receive income and not worry about the safety of your home. Our company approaches all issues at a professional level. Please note that you can order related services from us. In particular, we provide general or regular cleaning services. The cost of comprehensive home maintenance is agreed upon individually with the owner. We are always happy to help you!
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13.04.2015
Today, the share of the so-called double lease, when the owner is both the tenant and the lessor, is about 20% of the total number of market participants and continues to grow.
“This phenomenon is explained by economic realities: due to the strengthening of negative trends in the Russian economy and the decrease in the solvency of the population, a temporary exchange of “extra” square meters for a guaranteed monthly income is a good opportunity to survive a difficult period,” comments Galina Kiseleva, director of the Apartment Rental Department at INCOM Real Estate. . – For example, the cost of renting a one-room economy class apartment in Maryino can now be found for 20 thousand rubles. A “kopeck piece”, for example, in Maryino, can actually be rented out for about 35-42 thousand rubles. That is, even without taking into account completely different class proposals, such as moving from the center to the Moscow region, the income from such an operation will be about 70–100%.”
The unclear situation in the field of mortgage lending also contributes to “double renting”: a grown family can rent a larger apartment.
With this decision, there are no risks associated with the loan, and there is an opportunity to “win back” the situation by simply returning to your previous home. In addition, you can rent an apartment next door. For example, in the area of the Yugo-Zapadnaya metro station, the average rental rate for a one-room apartment is 33 thousand rubles, and a similar three-room apartment nearby will cost 50 thousand rubles per month: there is a significant increase in living space for a moderate 17 thousand rubles.
One of the permanent categories of participants in “double rental” are owners of a modest economy-class apartment (for example, inherited), who want to change their quality of life and rent a more status living space.
For a mobile young family, “double rent” allows you to find housing closer to work, and spend your free time on interesting leisure activities or hobbies, rather than sitting in traffic jams. According to the Apartment Rental Department INCOM-Real Estate, in March the average rent for one-room properties ranged from 27 thousand rubles in the South-Eastern Administrative District and the Southern Administrative District to 35 thousand rubles in the Central Administrative District. The difference in the cost of hiring two-room apartments amounted to 8 thousand rubles: the rate in the South-Eastern Administrative District and the Southern Administrative District is 35 thousand rubles, in the Central Administrative District - 43 thousand rubles. Average price indicators for “three rubles”: 40 thousand rubles in the South-East Administrative District and Southern Administrative District, 56 thousand rubles in the Central Administrative District.
As part of the trend under consideration, another group is formed by “tired city dwellers” who rent out their apartments in order to move to rented housing outside the city, closer to nature. Typically their numbers increase between May and October. Most owners of “summer” apartments are pensioners or families with small children. For 40–60 thousand rubles you can rent a small dacha at a distance of 15–30 km from the Moscow Ring Road. Traditionally inexpensive options they are looking for in the Gorky, Shchelkovsky, Egoryevsky or Ryazan directions.
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Rental business becomes a hobby
Not only investors, but also realtors are leaving the market
The crisis has caused not only private investors to become disillusioned with the rental business - the payback period for metropolitan apartments purchased for rental has increased to 20 years - but also professional realtors. The reduction in income is forcing specialists who worked in the rental market to retrain to support transactions for the purchase and sale of housing.
Investments: better to forget for now
It’s better to forget about buying apartments in the Moscow region for the purpose of later renting them out, realtors say. And before the crisis, this business brought a good profit of 6-7% per annum, excluding housing maintenance costs, but now, due to lower rental rates, increased exposure time, etc., the market average yield has decreased to about 4- 6%.
“It’s more profitable to put money in the bank,” says Roman Babichev, head of the rental department of the Azbuka Zhilya company. - In 2011-2014 It was possible to recoup the money invested in the apartment by renting it out in 10-12 years. Now it’s about 20 years, regardless of the location - Moscow or the Moscow region.”
And this is still a fairly optimistic assessment. According to calculations by the World of Apartments portal, Moscow is the most unsuitable for rental business region of the country: the payback period for capital housing is 27 years, the yield is 3.7% per annum. But the Moscow region, according to the portal’s specialists, is not so hopeless: World of Apartments estimates the profitability of renting housing near Moscow at 6.6% per annum, with a payback period of 15.3 years. These figures are close to the Russian average: 6.4% and 16.2 years. For comparison: in 2013, according to the portal, the profitability of Moscow apartments was 4.8% per annum, and those near Moscow - 7.5%.
The most highly profitable, according to the portal, are apartment investments in Yekaterinburg (7.9% per annum), Kemerovo (7.8%), Sochi (7.8%), Magnitogorsk (7.8%) and Komsomolsk-on-Amur ( 7.8%).
In order to get an idea of the approximate level of income from renting out a specific apartment, the director of the MIEL-Arenda company, Maria Zhukova, suggests using the following formula: (monthly rental cost X 12 - 13% personal income tax) X 100 / (purchase cost + cost of additional investments). Utility payments and property tax, which since 2015 have been calculated not from the symbolic inventory value, but from the cadastral value, close to the market value, of real estate, are not taken into account in this formula. Additional investments include renovations, purchase of furniture and household appliances. Thus, by purchasing a three-room economy class apartment for 10 million rubles and renting it out at an average rate of 50 thousand rubles/month, you can get an annual yield of 5.22%, or 522 thousand rubles. Such an investment will pay off in approximately 19 years and 2 months. Over 5 years, the profitability will be about 2.6 million rubles, provided that the apartment does not stand idle.
However, the latter is hardly possible: the volume of supply on the market, according to various estimates, is now 1.5-2.5 times higher than demand, which has the most fatal effect on the period of exposure of housing. According to the INCOM-Real Estate company, in the economy class this figure has increased 24 times - for those apartments that are eventually rented out. In the elite segment, according to Blackwood, the exposure period for liquid apartments has increased from one to three days in 2013 to 1-2 weeks now (see “Housing rentals in Moscow and the Moscow region: owners are not renting out, and apartments are empty” ).
It is noteworthy that, unlike other market segments, the profitability of renting luxury apartments and apartments in Moscow has increased compared to the pre-crisis period, since rental rates have fallen less than prices for luxury apartments. Thus, if the average supply budget in the elite market in dollar terms from 2013 to the second quarter of 2016 decreased by half, then the average rental budget decreased by only 26%, notes Alexander Shibaev, director of the consulting, analytics and research department at Blackwood.
But the game is still not worth the candle. According to the same Blackwood, as of the end of the second quarter of 2016, the average rental yield of luxury apartments and apartments in Moscow is about 4.6%. And the real one, taking into account the downtime of the premises, is even less - about 4%. For comparison: even at the super-reliable and low-income Sberbank, deposit rates now reach 6.8% per annum, another state bank - VTB24 - offers up to 8.65% per annum, Gazprombank - up to 9%.
It is not surprising that there are almost no pure investors left on the market - those who buy apartments for rent and/or resale. “Today in the rental housing market, as well as in the real estate market as a whole, the share of private investors tends to zero: since supply in all segments significantly exceeds demand, it is extremely difficult to sell a property profitably today,” says Oksana Polyakova, deputy director of the company’s apartment rental department "INCOM-Real Estate".
According to Anna Rtishcheva, head of the office “Century 21 Rimarkom Troitsk” (partner of the Realtor Corporation “Megapolis-Service”), “such a business was profitable before the crisis, that is, until about 2014, and now, when prices for housing is declining and it is difficult to predict the exact timing of a change in this trend to the opposite; few people consider such investments interesting.” As Roman Babichev explains, previously it was possible to make money not only from rent, but also from rising housing prices - especially if you bought an apartment in a new building at the initial stage of construction. In 2012-2013 the price increase as the stage of home completion increased was 25-40% - see “What to do if you really want to invest in real estate.” “But now such a global rise in prices is not happening. The new tax aggravates the situation: when selling, it does not allow you to earn anything on resale,” adds Babichev.
We are talking about changing the mechanism of tax benefits for the sale of housing, provided on the basis of the period of ownership of real estate. Until 2016, the minimum period for resale of real estate without paying personal income tax was three years or less if the transaction price specified in the contract did not exceed 1 million rubles. Now the minimum tenure has been increased to five years (an exception is made only for real estate received by inheritance or as a result of privatization). Understating the transaction amount in the contract will also not help evade tax. If the official income from the sale of real estate is less than 70% of the cadastral value of the property, determined as of January 1 of the year in which the transfer of ownership was registered, income subject to personal income tax is recognized as 70% of the cadastral value of the property as of that date.
Of course, the crisis will not last forever, someday demand in the rental market will increase, the exposure period will decrease, and rental rates and apartment prices will go up. But when this will happen and at what pace positive changes will occur, no one really knows yet. Therefore, it is probably better to hold off on buying apartments for rent.
If you still buy
However, if for some reason there is a need for such an investment - say, an apartment is bought for children, and until they grow up, the property is planned to be rented out - when choosing a suitable option, you should first of all pay attention to transport accessibility. Namely, proximity to the metro or, at worst, to the railway station.
“Many tenants are not concerned about the comfort of living, but specifically transport accessibility, the opportunity to get to work as quickly as possible,” explains Anna Rtishcheva. “Of course, if the apartment is in frankly terrible condition, then the rent is lower, but even for such housing, in the end, a tenant will still be found.”
But realtors do not recommend buying apartments for rent, although they are cheaper than apartments with almost the same rental rates. The fact is that due to the unsettled legal status, the apartments are difficult to sell.
Realtors are leaving the rental market
Private investors were not the only “victims” of the crisis. The fall in rental prices, the huge excess of supply over demand and other negative factors have intensified competition among professional brokers. As a result, the real estate commission, previously stable equal to the monthly rental rate, decreased not only in absolute but also in relative terms.
“In conditions of reduced demand, the size of the realtor commission, along with a direct reduction in rental rates, is one of the ways to attract clients. Today, realtors have a more flexible approach to this issue and are ready to give in in the fight for the client,” says Alexander Shibaev.
According to Maria Zhukova, commissions on the rental market can currently range from 100% to 20% of the cost of renting housing. “The cost of a realtor’s service depends on many factors: the time spent on the service, the list of services. After all, conducting a full range of services (including search, negotiations, inspection, concluding an agreement) or simply showing an apartment and drawing up an agreement are completely different services that cost differently,” notes Zhukova.
The problem is that clients are becoming more and more independent, showing less and less interest in the services of real estate agencies. Increasingly, potential tenants are contacting the company with a formed request regarding a specific residential complex, notes Shibaev.
As a result, realtors' incomes are falling, and many companies are forced to dump. Roman Babichev estimates the decrease in profitability from professional activities at 20-25% compared to 2014, “and the number of transactions has practically not decreased.”
The worst situation is outside the Moscow Ring Road. In New Moscow and surrounding cities of the Moscow region, realtor commissions have been reduced to 5 thousand rubles, says Anna Rtishcheva. “A similar situation, according to colleagues, has developed in other cities of the Moscow region,” continues Rtishcheva. - In general, for the majority of real estate companies in New Moscow and the Moscow region, real estate rental has become far from being part of the main business. In the rental market for realtors, as a rule, one-time earnings remain. Therefore, many NAs stopped seriously doing this, switching to supporting traditional purchase and sale transactions...”
Read in full: http://www.irn.ru/articles/39403.html
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Exactly so, and also: “If you can’t handle it in a week, then I have someone to rent it to without you, people were interested from the first floor, or “My relatives want to rent it from me, but I think it’s better to rent it to strangers, but if no one wants You won’t find 50 thousand, they will arrive in a month and I will rent to them,” “there is another agent, but he is on vacation”... And so on. We sometimes hear this and similar things from owners, both those who applied for the first time, and so on. and those who have already worked with us. Why do they say this? What motivates them? Often this is true, sometimes in this way the owners of the apartments try to “spur” the agent. In any case, the owner makes a big mistake when starting such a conversation. teeth and with a smile on my face, I try, after such words, to still do everything humanly, although thoughts appear to do it faster, and not better. Some Vasya agent will quickly forget (if he had any) any desire to find good tenants. , but refuse the bad ones and will push anyone around, so long as you don’t rent out your home to a friend from work, who doesn’t know anything yet, but is actively looking. So I ask you! Don't tempt the agent! Tell him that he will work alone, WITHOUT COMPETITORS. Let him do his job well. Refusing those who he thinks might bring problems and populate those he considers good people. And for this we don’t need much... It’s enough for us to know (it’s better to say this right away) that you value our work and, with the right approach on our part, you won’t go to the left. You won’t regret dropping five thousand for peace of mind. Say: Sasha, Volodya, Yulia, Lesha, Sveta, Yura, etc. “If you really know and can rent out my apartment good people, for a normal price - you have the cards in your hands, no one will get here without you and I will work ONLY with you! Then we, in turn, will do everything to ensure that you are satisfied. We will organize everything calmly and efficiently , knowing that they won’t drive us away from behind! Let’s drive away the insolent people and settle in with honest people, feeling the rear is protected by the owner. We won’t be afraid to send freeloaders away at the show, being sure that you are on our side, after all, an agent is not a machine, unless! clients begin to “press” him at the apartment about the commission, or he doesn’t like people for some reason, he must know that the owner is on his side and will not betray him, he must be sure that the owner supports him and, by sending clients who are unpleasant to him, that the owner will not open the door to them without him if they return. The agent will work for himself, too, knowing that next time you will contact him again. Let the agent work calmly, do not tug at him or blackmail him. You don’t always pay for our services (by the way, this is welcome, but not required). So at least don’t tempt the right word. Thanks a lot! I love all! Take care of each other)
Ps an agent, like any other person, can make a mistake, but its likelihood will be much less if he is not haunted by the fear of losing you. Thank you for your attention.
Notes not from a theorist, but from practice. Sincerely, Alexander.
Quite often, apartment owners, when leaving for a long time, rent out their homes. Many of them are forced to return as soon as problems arise with the tenants or with the apartment, spending a lot of money on this. However, now in the real estate market this type of encumbrance, such as trust management of an apartment, is gaining momentum. By concluding a trust management agreement for an apartment, you no longer have to spend time and money solving problems related to rent.
What is trust management
Chapter 53 of the Civil Code is devoted to trust management as an encumbrance. If the apartment is encumbered, what could this mean? With regards to trust management, this means that the owner of the apartment (according to the law - the “founder of management”) transfers his rights as a tenant to another person (the “trustee”).
This type of activity is not licensed, so you can entrust the apartment to any person, for example, a lawyer or realtor, maybe a real estate agency, and this person must be registered as an individual entrepreneur or a commercial organization.
The apartment is managed on the terms agreed upon by the founder and manager, who enter into a trust management agreement. Such an agreement is registered with the Cadastral Chamber.
Trust management agreement
According to the agreement, the manager enters into lease agreements on his own behalf, but in the interests of the founder. The founder cannot rent out this apartment to himself; such a prohibition is contained in Article 1015 of the Civil Code.
The apartment trust agreement, a sample of which you can download, must be drawn up in writing.
In all documents signed by the manager, for example, in a lease agreement, after the name of the manager, the mark “D.U.” must be made, which means that the apartment is encumbered by trust management - this is required by law.
The contract must include the following conditions:
- name and details of the parties to the agreement;
- description of the apartment (this includes all data about the apartment contained in the certificate of ownership);
- the amount and form of payment under the contract (in Russia this is 10-20 percent of the monthly rent, which is also paid monthly);
- validity period (up to five years).
In the absence of at least one of the listed conditions, the contract is not considered valid; this is required by Article 1016 of the Civil Code.
The trustee can delegate his management powers to another person, but he will be independently responsible for the actions of the trustee. Speaking about the responsibility of the manager, it is worth noting that he compensates for losses caused to the founder in full, but only under the conditions specified in the contract.
The term of the management agreement cannot exceed five years, but if neither party declares its termination, it will be considered extended for the same period and on the same conditions.
The contract is terminated in the following cases:
- if the owner of the apartment is declared incompetent, taken into guardianship or dies;
- the founder goes bankrupt;
- if he refuses for some reason, paying the manager the required remuneration.
Nuances of the management agreement
Typically, the contract includes the following responsibilities of the manager:
- search for tenants;
- payment for apartment downtime;
- drawing up and concluding a lease or lease agreement;
- transfer of the apartment and the property contained in it according to the transfer and acceptance certificate with a mandatory inventory of the property and its condition;
- regular verification of compliance with the terms of the lease agreement (visiting the apartment, interviewing neighbors);
- receiving rent;
- payment of utility bills or verification of their payment by the tenant;
- apartment insurance;
- carrying out routine repairs of the apartment or the property located in it, for example, household appliances;
- paying taxes for you and filing a return if you are a law-abiding citizen.
The contract must clearly state what requirements you place on tenants, the level of rent, and how often tenants need to be checked. Also specify how and in what amount the rent and the amount of management fees will be transferred to you.
Pay special attention to the method and amount of compensation for damage, if this may happen on the part of the tenants.
Fix in the contract the condition under which the manager will report to you - the reporting periods and the method of delivering them to you (for example, by email).
Although trust management of an apartment incurs certain costs on your part, it removes the burden of resolving all troubles that arise with residents from you.
In addition, with such management, you will not need to spend money on travel to solve rental problems.
