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Rental management: a guarantee of serenity for the investor - Trends-Tendances sur PC

Rental management: a guarantee of serenity for the investor – Trends-Tendances sur PC

Real estate investment is attracting more and more individuals. Buying a property to rent it allows you to receive additional income and build up a heritage. Two birds with one stone! But the rents are not going to fall from the sky! Managing one or more properties takes time. Between the search for the ideal tenant, the inventory and possible repairs, the daily life of an investor is far from being a long calm river. Not to mention rental unemployment, even unpaid rent, which eat away at part of your profitability! To save yourself this hassle, you can entrust the management of your rental apartment to a specialized real estate agency.

Real estate investment is attracting more and more individuals. Buying a property to rent it allows you to receive additional income and build up a heritage. Two birds with one stone! But the rents are not going to fall from the sky! Managing one or more properties takes time. Between the search for the ideal tenant, the inventory and possible repairs, the daily life of an investor is far from being a long calm river. Not to mention rental unemployment, even unpaid rent, which eat away at part of your profitability! To save yourself this hassle, you can entrust the management of your rental apartment to a specialized real estate agency. Rental management requires time and energy. The drafting of the announcement, the visits and the realization of the inventory of fixtures are only a first step. The only point of contact with your tenant, you will have to manage any hassles and small repairs. Don’t kid yourself! There always are. Expect to have to intervene at any time. In other words, it is preferable to live near the rented property. By delegating rental management, distance is no longer an obstacle. You can invest in real estate at the other end of Belgium, or even abroad. A professional, also called “manager” in real estate jargon, replaces the owner at each stage of rental management. Its missions are varied: search for the tenant, inventory, repairs, administrative management, etc. Let’s talk about administrative management! In Belgium, the regulations are increasingly complex. Not to mention that the rules may be different depending on the Regions. In Brussels, for example, it is illegal to find out about the profession of a candidate for hire. Similarly, making a good inventory is an art, at least if you want to limit the risk of disputes at the end of the lease. Control of the tenant’s insurance, procedure for recovering unpaid rent, calculation and receipt of charges, indexation, etc.: to avoid making any mistakes, entrust these tasks to a seasoned manager. By delegating, investing in real estate without knowing about regulations is possible. This is the price to pay to rent with peace of mind! These management fees are deducted each month from the rent paid by the real estate agency that takes care of the rental management. The percentage is inversely proportional to the amount of the rent. Add to this amount one month’s rent excluding VAT for the rental. What is hurting your profitability? Not really! Of course, you will have to give up on part of your rental income, but think of all the hassle avoided and the time saved. The manager becomes the single point of contact for the tenant. As the latter does not have your contact details, you are guaranteed not to be called in the event of a problem. If we think only in terms of figures, putting your property in management has a cost, but it can quickly be profitable. With a manager, the risk of unpaid rent is very low. This service provider has every interest in ensuring that the property is rented permanently because he receives his remuneration according to the rents paid. Make sure you choose a responsive and available service provider who will be able to maintain a good relationship with tenants. An advice? For a quality service, prefer agencies on a human scale and close to their customers or those that are dedicated solely to rental management. In both cases, you are entrusting them with one of your largest assets. A close relationship is essential.

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