Property Management in Romania

Construction & Renovation

 

Rent Collection and Utilities Tracking (Silver service)

silver service

Basic property management in Romania services:

  • Collect rental income on time.
  • Deposit rent into your account.
  • Deal with minor tenant issues.
  • Monitor monthly gas bill payments.
  • Monitor monthly water bill payments.
  • Monitor monthly electricity bill payments.
  • Periodic inspections.
  • Other non standard items are charged 20e per hour, such as legal or financial work.

Fee: 12% of the monthly rental, starting from 30 Euros.
Note, these are the lowest rates on the Romanian market at this time.

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Full management (Gold service)

gold service

Full Property Management in Romania services:

  • Collect the rent in a timely manner
  • Deposit rent into a chosen account
  • Deal with tenant issues
  • Register rental contracts for & payment income tax
  • Verify all utility bills are paid up to date
  • Conduct a free Inventory check & report
  • Conduct periodic checks on the property
  • Automatically seek to replace tenants when required
  • Carry out repairs & maintenance when required
  • Renew property insurance automatically
  • Payment of land & building taxes, state taxes
  • Mandatory annual gas & Electric circuit verifications
  • This service is designed to be 'set up and forget' requiring hands off involvement during ownership, making it a simple investment to run. Every aspect of the property and its tenant is taken care of.

Fee: Up to 17% of the monthly rental starting from 30 Euros

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Vacant Property Management in Romania

cleaning

Vacant property also needs to be taken care and given attention since they are not in regular use. Whether it is maintaining a presence to deter unauthorized access, or keeping pipes from freezing, or monitoring decay, it is vital that properties are not simply left unused for extended periods.

If you keep the property just for your own occasional use, or rent as a holiday home, or are just unable to find the right long term tenant, we can assist in managing your empty property. Typical tasks might include:

  • Security checks & visits to start / stop heating for cold spells.
  • Inspection, snagging, handover-reception (for new property purchases).
  • Guest reception & orientation trips (ideal for your holiday home clients).
  • Shelf stocking to welcome your guests with a freshly packed fridge.
  • Payment of utilities, state taxes, insurance, maintenance, administration, gardening fees.
 

Inventory Check In/ Out service

One of the most common causes of disagreement stems from a poorly taken inventory, leading to disputes later when a tenant moves out refuses to acknowledge damage caused. This can be avoided with a properly conducted inventory report at the start of the tenancy, something often overlooked. Even if you manage your own properties, this impartial service makes it easier to settle damages & still maintain good landlord/ tenant relations.

inventory check

At the start of a tenancy we will:

  • List all aspects of your property
  • Generate a condition report
  • Obtain signed tenant/ landlord acceptance for the report
  • If desired, hold the deposit as impartial parties

At the end of the tenancy, we can:

  • Conduct a thorough condition review with the tenant.
  • Agree which items need repair or replacement, & withhold that sum from the deposit.

The standard fee for this service is as follows:

  • Properties up to 3 rooms/ 50m+ in size 40€
  • Properties up to 5 rooms/ 80m+ in size 60€
  • Properties of 5+ rooms/ 120m+ in size 80€

Tenant Find Service (new reduced rates)

cleaning

Finding the right tenant is more important than achieving the optimum rent. At WM we conduct due diligence to determine tenant suitability & provide you with our considered opinion to assist your decision making.

We use internet & regional publications to achieve the best publicity & reach the right clients.

Fees:

  • For short term rental (up to 12 months) = one month's rent
  • For long term rental (13 months or more) = 10% of the first year's rent
  • For long term commercial rental (12 months or more) = one month's rent

tenant find
 

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Cleaning & Maid Service

cleaning

If you require your property to be cleaned on a regular basis or just for a special occasion (i.e., the mother in law is coming!), we can help with our local, hard working cleaning team. Just call or email us with your requirements. In addition, if you need help with daily chores such as Washing & Ironing, arranging for your dry cleaning, or just doing some shopping for you, why not give us a try.



 

Damian Galvin says 'In just a few months of this year for example, we received seven new rent-able 'problem properties' where owners had been disappointed by various other Bucharest or Constanta based service providers, ranging from invented repairs, missing rent to uninsured catastrophic events to lack of communication. It is frustrating not being able to reach your Romanian property manager for example to query a money or tenant issue but I have lost count of the number of times owners complain of this.

In those seven cases, within a month or 2, using our own resources, we were able to refresh the properties, get the administration in order, advertise them and find good tenants in five of the seven properties despite the fact that some are 8 hours drive from the nearest WM office, such is our dedication to handle ALL elements of a clients property when called upon.

I'm very proud of my team's achievements here. They endured harsh conditions ranging from travelling 400km through blizzard conditions, 5 up in a car, tool-laden putting in 14 hour days below zero, over-nighting in unfurnished property, working in un-cooled +45'C apartments to arriving back to base at 5am repeatedly after a double-shift, just to get the job finished and save the owner costs. I see no other real estate agent or Property Manager ever going to such measures. This is the difference between being passionate about what you do and just doing it for profit. Its what defines every member of the White Mountain team.

I believe we provide World Class service but talk is cheap and all our competitors claim the same ability. However, these properties tested our limits and the team delivered every time, in a short time frame, where other agents failed to achieve the same result in up to 3 years of trying with the same property. ie, to make it desirable and rented to good quality tenants for a fair rent that suits everyone. I believe we do not have one client who is concerned about their property in our hands or about lack of information, communication or clarity and we manage a portfolio approaching euro 5m.'

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