There are many options in the rental market, but what makes us unique?
1) You can independently assess the market value of rent and lease apartments through various portals. However, this process requires time and entails many additional expenses. Moreover, there are financial risks involved. Typical rental risks include the risk of vacant apartments, tenant payment defaults, and property damage. Did you know that almost 80% of property owners face delayed rental payments, and up to 15% of owners do not receive rent for several months a year? Additionally, there are associated costs related to finding new tenants, standard rental expenses, and expenses associated with changing tenants. As a result, you receive actual rental income significantly below the market rental rate.
2) You can take advantage of a property management company's services that offer long-term rentals with guaranteed income. How do guaranteed rents and similar services work? At first glance, nothing is complicated. The owner rents the apartment to the company at an agreed-upon price for a specific period. The management company pays monthly rent, regardless of whether the apartment is rented out or not. For property owners, this can be advantageous as they do not need to search for tenants, conduct viewings, sign contracts, or manage the property. However, there are nuances to consider. The contract with a "guaranteed tenant" is primarily beneficial to them. An important point is that the property owner receives less money for renting their property, as the company's commission typically reaches 15-20%. Thus, you lose a significant portion of your profit.
3) Short-term rentals are also a profitable option, but they involve a constant turnover of guests and less responsible tenants. This type of rental requires ongoing maintenance and incurs time-related expenses. Seasonality and vacancies also reduce potential profitability.
Unlike the competition, we primarily focus on mid-term rentals. The average length of stay for our guests is five months. We rent out properties only to verified and reliable tenants, including embassy staff, freelancers, individual business travelers, and corporate guests. Thanks to our partnerships with international companies, we can ensure continuous occupancy of apartments and pay you, as the owner, 100% of the market rent, with no hidden commissions. Partnering with us offers you maximum yield and steady cash-flow. If you're a landlord in Prague, you can rest assured that Bigle Rent will maximize the value of your investment property.