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PROPERTY MANAGEMENT

OWNER’s Frequently Asked Questions

How to determine the rental amount?

The competition, seasons and the location and the quality of the residential property determines the rental amount. As experts in the field, we know the market and we are able to set up the competitive rental ranges for your residential property. If the property is marketed too high it will be vacant much longer.

How long will it take to rent a residential property?

Rental periods are market driven. It usually determined by the demand, season, location and prices. There is also some luck involved in the right person looking at the right time. Short term rentals are in high season – from November to the end of February and around main holidays, festivals.

What happens if the rent is late?

The payment day of the rent is according to the starting date of the lease agreement. After the date of the due we contact residents. If the rent is not paid by the 6th day we take the first step and charge a certain amount of money according to the lease agreement. If the resident didn’t pay until the 10th day, we start the procedure of eviction with the local authority.

What if the resident leaves before the end of the lease?

According to the lease agreement, the resident is responsible for the rent for the term of the lease. If residents leave before the termination date they will forfeit their security deposit and will be charged for balance of the rent due.

Is a security deposit collected up front?

Yes, it is, of course. It is our and general practice to collect a security deposit up front. A security deposit can be used for any owner costs and damages after a resident finished the rental period of your property. The security deposit is held by the owner or the agency, according to the rental period and the lease agreement.

What about smoking?

It is common to restrict smoking inside the property. This does not significantly reduce the marketability of the property.

What about pet policy?

The policy of pets usually depends on the policy of condominiums, villages. Most of condominium don’t allow pets on their territory. In the case of private houses, it is determined by the owner. In general, a well-behaved cat or dog causes less wear and tear on a home and yard then a young child.

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