Buying a flat can be for personal residence or to earn extra income. The Bulgarian property market is actively developing. Therefore, it is a profitable investment to buy Bulgarian real estate and companies like Bulgarianresales can help with this.
Investors can receive rental income Bulgaria in different ways. And although the most favorable will be cooperation through an agency, but also do not forget about other possibilities. Let’s take a closer look at how you can rent out property in Bulgaria to earn extra income.
Tools for renting a flat in Bulgaria
When a property owner is engaged in the process of preparing property for rent Bulgaria, he must understand through which tools he will realize this move. In general, there are 3 tools for renting out an apartment, namely:
- independent letting;
- through a property manager;
- through an agency.Â
Renting out a property on your own is beneficial only at first glance. You will have to devote a lot of time to settling all the issues with the tenants. This is not only their search but also further accommodation. The biggest advantage of such activities can only be called the absence of additional costs.
You can hire a property manager who will be able to close most of the issues. But this person will need to pay a salary from his pocket, and this is also an additional expense. Therefore, the most favorable way will be to cooperate with an agency.
Advantages of cooperation with an agency
Owners of apartments Sunny Beach Bulgaria can hire a company of Bulgarianresales caliber and get a partner for years to come. Co-operation with an agency will help to get rid of the need to:
- searching for tenants on your own;
- keeping track of the occupancy of the apartments;
- paperwork;
- meetings with tenants;
- presence at the solution of disputable issues.
Agencies do not care if you decide to go for short term vs long term rentals Bulgaria. In any case, when you sign the contract, they will tell you about their commissions and will provide you with regular information about the tenants and the condition of your apartment.
Therefore, it is much more favorable to cooperate with agencies than to hire a separate property manager. It is even more favorable than dealing with all the issues on your own. At least when you compare the financial and time costs.Â
Where to find a reliable agency to rent a flat in Bulgaria
When searching for Bulgarian property management companies property owners should pay attention to many factors. These include the company’s experience, license, successful transactions, and positive reviews. You should also check the qualifications of the staff and don’t forget about your impression.
Bulgarianresales is ready to offer its services for both renting and buying a house in Bulgaria we will be your reliable partner who will close all necessary issues for a commission. You will only need to draw up the documents and receive additional income from renting out your property.
