Frequently-asked questionWhat exactly is an SRO and do I need one? 
One customer says“I would just like to start off by saying I have had nothing but the best experience with the services of Czech Point 101 and ... MORE Why is our property management special?
Occupancy
| Actual Occupancy Rates For The Last 6 Months (all locations combined) | |||||||||
| 08/2011 | 09/2011 | 10/2011 | 11/2011 | 12/2011 | 01/2012 | ||||
| 99.35% | 98.72% | 99.36% | 96.79% | 94.84% | 99.35% | ||||
| Actual occupancy for the last 12 months: 96.59% | |||||||||
Occupancy rates are meticulously tracked each month in each location. Our target range is 93 to 97% occupancy.
The methodology is simple and maximizes profit. Occupancy lower than 93% means there is something wrong with our pricing or advertising. Occupancy higher than 97% means that the rents are too low and our clients are losing income.
Unparalleled Protection
Our contract system is the most secure being used by any property management company in the Czech Republic.
If you currently have a tenant in your flat are you aware that the following Czech laws govern the relationship between you and your tenant? (Civil Code 40/1964 Coll §685)?
1. An owner wishing to sell his property must first offer it to the tenant at the owner‘s asking price. The owner must allow the tenant 6 months to decide.
A tenant’s legal rights: A tenant could block the purchase process of the sale of a property if the full six months are not provided.
2. An owner does not have the legal right to enter his own property, even after giving reasonable notice, unless the right of access is specifically stipulated in the contract.
A tenant’s legal rights: A tenant could refuse to allow access to the owner or someone designated by the owner in the process of finding another tenant or viewings of a potential buyer.
3. Eviction of a non-paying or undesirable tenant is extremely difficult under Czech law.
A tenant’s legal rights: A tenant could stop paying rent and stay in your property as long as two years while your case proceeds through the Czech court system.
4. Use of money collected as a damage deposit can rarely be used to pay for tenant damages
A tenant’s legal rights: Unless there is a final court decision on the use of the damage deposit or the tenant agrees in writing to its usage, the owner must return all of it to the tenant.
Czech Point 101 has developed a unique contract system which protects you, the owner, from all these situations and more but still respects the rights of the tenant.
Profit Oriented Fee Structure
Many property management companies will charge you even if a flat is not rented.
Our fee is entirely revenue oriented. So if you aren’t collecting rent, we are not collecting a property management fee. You can imagine how this motivates us to find quality paying tenants for your property.
Here is a comparison of the pricing structure of most of our competitors to our pricing strategy.
Here is an example of a new rental with a rental price of 15 000 CZK/month. The flat is empty two months at the start while completing items are sourced and a renter is found (actual times can be shorter or longer). This comparison takes place over a one year period.
| Description | CZK Competitor |
CZK CP101 |
| 1st month empty (Competitor has fee even if flat is empty) |
892.50 | 0 |
| 2nd month empty | 892.50 | 0 |
| Beginning of 3rd month tenant signs rental contract (Competitor has fee of one month’s rent for placing a tenant) |
17 850.00 | 0 |
| PM fee on collected rent for months 3 to 12 (10 months) (Competitor’s fee is 9% and CP101 fee is 12%) |
16 065.00 | 21 420.00 |
| Total Fees on One Year Rental | 35 700.00 | 21 420.00 |
Czech Point 101's fees would only equal their competitors after 3.5 years of rental by the same tenant.
Innovative Ways to Maximize Profit
Owners love tenants paying on time and so do we! Because of this we started a program where we reward tenants who have paid their rent on time with prizes.
In the following draw four tenants win prizes.
(View all our property management tenant draws on our YouTube site.)
We are constantly looking for ways to maximize profit by either increasing revenue or decreasing expenses.
View this article on our blog to see how you could be saving up to 30 000 CZK per year by following 6 simple steps.