Manage Your Property And Get Maximum Return
Proper management of any real estate development, no matter residential or commercial, is the key to their efficient use and profitability.According to property experts, most owners often tend to neglect the basic upkeep and maintenance of their properties. This can be concluded not only for private owners of holiday and residential apartments and villas, but also for many business premises developers.
Total facility management systems are implemented in order to preserve and increasing the value of the immovable property and also to extend to a maximum their life. These systems can guarantee the comfort of the tenants and the owners, as well. Regardless of these benefits, experts say that property management is still poorly developed in Bulgaria. The main reason many owners reject the offers for management assistance is the price for such services. Experts in that particular field also claim that real estate agents often find themselves explaining and convincing their clients to the positive sides of having someone to take care of their house or apartment. For most foreign customers such services are widely common in their home countries and find them normal. Many of them even seek only for managed developments. On the other hand, there are still many Bulgarians who would do just anything to avoid paying someone for a job that they believe they can do by themselves. In many cases, such people end up making no improvements whatsoever, but still expecting profit from subletting their properties.
The problem is, experts say, that good management includes not only technical upkeep. It is not enough to purchase a holiday property, for example, and to expect tourists to pour into it throughout the whole season. Even if this happens, someone has to take care of all check-in and check-out procedures, someone has to make sure you get paid for renting your property, someone who can respond to any of the tenants' needs, requests or complains.
The excellent facility management requires well trained personnel, good communication, know-how of the newest technologies and innovations in the field of hospitality and knowledge of the relevant legislation.
Successful management depends largely on having good contacts with people and companies specialized in different fields (i.e. travel agencies, real estate brokers, lawyers, technical staff, etc.) and also on having a well organized team of professionals.
Experts say that property management is currently most popular for holiday complexes and luxurious residences. However, they believe it is time people to realize the necessity of these services also for their permanent homes.
Probably the best estate agent in Bulgaria. As a recently married couple looking to give up the grind of 8-6 mon-fri rat-race lifestyle... but without enough money to actually do so at home in the UK. We have always been adventurous, but after watching the series ‘Ben Fogle: New Lives in the Wild’, the idea of just quitting our jobs and moving away to start something completely new, suddenly seemed very doable. We turned to the internet for answers and based on the budget we had and the lifestyle/climate we were looking for, Bulgaria seemed to be the place for us. So after hours of trawling through websites, and countless emails back and forth with various estate agents throughout Bulgaria, it quickly became apparent that there is a lot of choices out there and ‘viewing trip’ was in order to see it for ourselves. We booked some tickets and flew over to see how it could be possible to buy a whole house for less than your standard deposit back home. In order to view some of these properties, in the beginning, we were in talks with a number of different agents and even a lawyer!, but the only person who actually seemed to care about helping us find our dream home that was right for us (and not about taking our money), was a lady called Kiki from BulgarianHouse.com. So after coming home, now with a better understanding of what your money can buy, the different things to look out for and the vastly different regions of the country, we asked Kiki to assist us with our search. With this newfound knowledge and her help, we quickly condensed a list of 30 potentials down to just 2, and then after Kiki did some investigation into the legal side of both the properties, we made our choice. When it comes to customer service, she helped us every step of the way, from suggesting houses that offered what we were looking for to guiding us through the legal process and completing the sale. She has consistently delivered on her promises and has always been just a phone call or message away - Which actually helped alleviate a lot of the possible anxiety linked to buying a house in another country… Not to mention choosing to do right in the middle of the Brexit negotiations. To be honest, the whole process has been a breeze with her help and I would certainly recommend her and BulgarianHouse.com to anyone who is looking to do the same. Now the sale is complete and the house is ours, we couldn’t be happier and plan to take the leap in the new year. Thank you for all your help Kiki Tia and Lee
— Lee and Tia, United Kingdom