Frequently-asked questionHow would you get our property out to the most potential renters?
One customer says“When investigating property abroad, it is easy to be misled by people with vested interests in particular developments or companies. An independent agent can save ... MORE We care for and about your property.
So, you’ve taken the plunge and now are the proud owner of a property in Czech Republic! Even with discount airlines servicing the major centers for a minimal price, you can’t be flying over for every plugged sink or late payment. You also want someone taking care of your property who understands how Czech tenancy laws work and how to source good tenants.
Absentee Ownership: The Concerns
Being an absentee owner can be a stressful situation. Even if the money you have invested is not your entire nest egg, the last thing you want is to have is an investment causing you undue stress or being a money drain. Common concerns of absentee owners are:
- Destructive tenant
- Non-paying tenant
- Liability issues related to a tenant
- Delinquent or fraudulent property management companies
- Lack of information regarding market conditions (ie. advice on the best time to sell or increase/decrease rental prices)
At Czech Point 101 we understand these issues. In fact, members of the Czech Point 101 team are also absentee owners and there is nothing like experience to teach a person.
Czech Point 101: Property management philosophy
Our property management is based on a simple formula: Hands on management + simple fee structure + clear communication = profitable long-term property management.
To aid us with this we use real-time online management tools which give the owner instantaneous access to property information. The system is also used to regulate and fulfill tenant requests and manage payments. This software allows owners who have properties in different locations of Czech Republic to view all their properties through one portal. Our property management services include:
- Finding/screening renters (including advertisements, showings, checking references, etc.)
- Provision of contractual agreements compliant with latest tenancy laws
- Collection of rent on a monthly basis
- Transfer of utilities to new tenants
- Organization and managing repairs/maintenance
- Monthly comprehensive property statements
- Accounts receivable and payable including rent, services and utilities
- Meeting State and Municipal legal requirements for ownership and rental of property
- Holding and calculation of the damage deposit
We offer all the above services for a flat fee of 12% of gross rent. No renter, no payment - this motivates us to place long-term, paying tenants as soon as possible in your property! Please contact us for a copy of our property management agreement.