There are many elements involved with managing a given property. These can relate to rental collection, maintenance, paying bills, dealing with third parties such as condominium companies and utility providers, dealing with a tenant with their varying indvidual circumstances, keeping the owner informed and so on. As an owner what is important to you is that your affairs are being handled, your apartment cared for and your rent collected and paid.

For a property management company to do this effectively, it not only requires a significant amount of staff with the right work ethic, but also the most well developed systems, procedures and IT capabilities. Here at Tower we employ 35 staff and invest heavily in our IT systems and reporting tools to ensure the smoothest and most transparent management of your property.

All-inclusive Rental

Tower signs with its tenants an 'all inclusive' rental contract. This requires tenants to pay utility bills and also condominium charges in advance along with the rent. This reduces the risk that a tenant will vacate the apartment leaving outstanding bills.

UtilitEase Calculator

The bills are estimated using average consumption levels for the apartment type, building type, area etc. To estimate the utility consumption, Tower has developed a software programme called UtilitEase. If the tenant consumes more than the amount stated in the contract, then the amount is deducted from his security deposit during the 'move-out' procedure.

Tower's RentPay System

This is a system that ensures clear and effective management of your accounts and rental transfers in Budapest. RentPay effectively gives you a 'bank account' at Tower where you can see your rent coming in from the tenant and leaving Tower to your bank account of choice. All information is presented in account statements online.

Landlord Account Managers

On joining Tower, a Landlord Account Manager is appointed to manage our client's account. The account manager's role is to handle all important affairs relating to the apartment such as tenant management, rent collection, dealings with the condominium company, overseeing maintenance etc. There are also Assistant Managers on board to assist the account manager in regular apartment inspections and moving tenants in and out.