Letting & reselling your Romanian property
Letting the Property
Romanian Deals has a specialised management company, RomDeals Property Management, a premier specialist European real estate and letting management company. They manage a large number of properties in all our national locations and advertise extensively in the local press.
The type of tenant and contract will vary depending on the property. Apartments in Costinesti for example can generate around10% yield!
The letting management service is comprehensive so you will never need to have an ongoing involvement in the property. As part of the service agreement we have with the rental management company they will obtain tenants, perform background and credit checks, collect the rent, arrange necessary maintenance using only fully accredited parts and labour, and conduct regular inspections of the property. They will liaise closely with our partner accountant to ensure tax returns are completed swiftly and with minimal cost.
Reselling the Property
At some point, sooner or later, you will wish to sell the property. This is possibly the most important stage in the investment cycle as it is only at this point that your capital gains are realised.
As part of our ongoing service we will advertise it on our website free of charge and actively promote it to any of our clients looking to buy in Romania. We also have an arrangement with the Association of all leading high street estate agents in Romania that will ensure your property gains maximum exposure to potential local buyers.
Romanian Deals Property will also arrange to have a property inspection and valuation conducted by an independent and reputable surveyor so you can be confident of getting the market rate. Irrespective of how the property is eventually sold, the costs associated with the sale are typically the responsibility of the vendor. Should you wish to explore other options we will be happy to offer advice and point you in the right direction.