Services
|
Day to Day Property Management
|
Apartment Rentals and re-sales
|
|
Furnishing services
|
Tax Return and accounting services
|
Table of Contents
- Day-to-day property management
- Rentals
- Handovers
- Furniture packs
- Apartment renovations
- Repairs & Maintenance
- Tax Returns
- Refinancing
- Resale
All our properties come with a comprehensive property management package delivered directly by CE Invest. Currently 98% our properties managed are rented, we know exactly what a buy-to-let investor is looking for, and are equipped to carry the investment through beyond client expectations.
Services include representation to tenant, utility companies, providers, authorities; supply of furniture packs; repair & maintenance work; letting; re-financing; and re-sale.
Well networked among diplomats, foreign employees, foreign students, and top corporations, and working with experienced professionals in the legal, financial, architectural, and interior design industries, we are fully capable of increasing the value of your investment in every way.
Services
Day-to-day property management
Our goal is to take the burden off the owner, so owning an apartment in a foreign country becomes truly hassle-free and rewarding. We see our role as a general problem-solver for the investor, a steward entrusted with an asset which must generate income and increase in value.
- Collect rent from tenants and passing it to the owner
- Manage tenant leases
- Manage Security / Damage Deposits
- Common area inspections
- Assess the building for roof, mechanical or structural repairs and then work with the house corporation to budget for the repairs
- Hold the building maintenance company accountable for their maintenance duties
- Provide timely customer service to the tenants
- Process and conduct evictions
- Reduce variable expenses
- Assess the proper market rental rates to keep rates competitive
- Achieve high rental collection rates
- Have working relationships with qualified repairman, construction firms, and supply vendors in the community to help owners get a good price and quality work
- Officially represent owner to utility companies and authorities
- Be available in case of emergencies
Rentals
Tenants create the monthly cash flow, so it is crucial to screen potential tenants and ensure they pay the rent in time and take good care of the property. We focus on avoiding vacant periods and maintaining a friendly yet firm relationship with our tenants in order to make tenant changes as smooth as possible.
- Advertise apartment for rent
- Conduct tenant viewings
- Advise on interior design, furniture & fittings
- Apartment check-in and check-out inspections
- Negotiate and authorize tenant leases
- Collect security deposit & first month’s rent
Handovers
There is no need to fly to the country and have to deal with bureaucracy when receiving an apartment from the developer. We assure a smooth transfer from one company to the other into property management, making sure all the faults are taken care of and the apartment is truly ready for renting.
- Communicate with developer
- Oversee technical and legal procedures related to the handover
- Be present at Technical Handover
- Create a thorough snag list & photo documentation
- Inspect property
- Be present at Final Handover
- Prepare report to owner
- Authorize handover forms after consulting with owner
- Receive keys and documentation from developer
- Register new owner with utility companies
Furniture packs
We make sure the empty apartment is efficiently and swiftly furnished with taste and charm so it would be irresistible for the future tenant. Staying within budget, recommending the proper furniture for the location and development, we pay attention to the smallest detail when installing everything from lighting fixtures, curtain rods, to large screen TVs and leather sofas.
- Assess dimensions and type of property
- Create tailor-made furniture pack with prices
- Purchase furniture
- Oversee delivery, assembly, and installation on site
- Replace & repair items if necessary
Download our Furniture Pack Presentations including prices for various apartment types:
- Genova – Standard
- Bordeaux – High Standard
- New York – Luxury
Apartment renovations
Increasing the value of real estate is one of the most exciting areas in the investment process. This is where the added value actually produces returns in the form of a higher rental yield and a better resale value. Especially where an apartment is modernized, an extra room is added, or the function of the property is changed from residential to commercial, for example.
- Advise on the budget and purpose of the investment
- Create an interior design plan which suits the location, building, and apartment
- Create a competitive price quote with deadline
- Ensure the legal and insurance framework is in place
- Oversee work in stages
- Make payments to contractor after inspection
- Report to owner
- Receive work after completion
Repairs & Maintenance
There are always small repair and maintenance jobs which must be carried out with an apartment. Creativity and proper attention on a regular basis help keep costs low and prevent further damage to the property.
- Inspect the property on a regular basis
- Make sure chimneys are cleaned
- Make sure gas furnace is maintained
- Check on plumbing and electric wiring
- Check for proper door & window insulation
- Maintenance of appliances, air conditioners
- Pay attention to warranty periods
- Oversee insurance contracts
Tax Returns
Every apartment owner is required by law to register at the Slovak Tax Authority when realizing rental income from property in Slovakia. Those who do not have a company but own the property as private persons must apply for a Tax ID. The tax on rental income is 19%, to be paid annually. Expenses may be offset against the rental income for private persons.
- Request a Tax ID from Tax Authority
- Issue monthly invoices to tenant
- Prepare & submit annual tax returns
- Consult with accountant in case of irregularities and new regulations
- Prepare report for property owner
Refinancing
Leverage is a tool whereby a large amount of capital is controlled by a small amount. The idea is to use other people’s money to grow an investment. One way to take equity out of a property which has increased in value is to refinance it after some time, draw a loan using the property as collateral, and use the thus released capital in further investments. We assist in designing the optimal framework for such re-financing to work.
- Advising on which bank to turn to
- Advising on which loan product to use
- Gathering the paperwork necessary for the lender
- Overseeing the appraisal, assessment, and loan decision process
- Informing owner, gathering additional data
- Negotiating with lender for more favorable terms
Resale
An exit strategy is vital for every investment. A swift sale at the appropriate time can save the investor a lot of money. We have the ability to reach potential buyers in the local market as well as among foreign investors, who are specifically looking for the type of product our clients wish to resell.
- Assessing the realistic market value of the property
- Informing seller of applicable capital gains tax and other expenses
- Actively promoting the product to the desired target group
- Conducting viewings to the property
- Negotiating with the buyer
- Preparing the necessary paperwork for a contract
