Property Management Services
Profit from your Budapest property.
If you are far from your property investment, you need a trusworthy partner who makes sure you can reach the highest return on your investment. Choosing the right property management firm in Budapest, Hungary is a big decision.
Check out the 3 key elements of our property management service:
Tower International will make sure your Hungarian property is well maintained and protected.
When letting out an apartment, it is important that the property contents are insured and that you are covered against fire, robbery and public liability. Tower's professional in-house broker is qualified to find the best insurance solution for your property in Budapest.
• Tenant Screening
All prospective tenants are personally met and cross-checked before signing the contract. Personal identity documents, proof of employment or bank account statements are always required from tenants by your property manager.
• Regular Inspections
We will keep an eye on your Budapest property - Whether your property is rented or vacant, regular inspections are carried out, checklists are monitored and follow-up home management activities are completed to insure your property stays in good shape.
• Eviction of Non-Paying Tenant
In case of non-payment or breach of the Lease Agreement, Tower's property management team will represent your interests. Payment notices will be delivered and if necessary, eviction is handled with the assistance of our legal partners.
• Accounting Services
If your tax is not up-to-date, you are in danger of being fined by the tax authorities. Beside reliable property managers Tower employs in-house chartered accountants to optimize taxation.
Let us make your investment work for you.
• Rental Department
Tower's in-house lettings division rents out close to 40 properties every month. This team consists of 5 Letting Agents, an Administrator and a well-experienced Lettings Manager. Our lettings team constantly cooperate with your dedicated property manager to minimize the vacant period.
With the help of Tower diverse marketing activites, our in-house and external letting agents have been able to achieve a 98% occupancy ratio in our managed stock.
• Bank Transfers
As part of our real estate management service a professional team of dedicated finance account managers deal with our clients' accounts and fund management. After paying the utility and common cost bills, funds are transferred to Landlords every month.
• Cash Collection
All Tower tenants pay the rent by bank transfers or depositing the money at the bank. A dedicated member of our home management staff is responsible for rental collections.
Tower uses a range of both online and offline marketing tools. We have dedicated rental websites, we use the largest local property portals, and we manage a network of universities, partner agencies and corporate contacts.
Tower has always put an emphasis on regular communication with Landlords. Besides being available through e-mail and phone, our staff regularity travels to our Landlord's countries.
• Account Management
At Tower you will be in contract with one person, your dedicated Client Account Manager who is always up-to-date of the state of your investment.
Through Tower's unique apartment management login system you will get 24/7 access to your Budapest property. See financial transactions, up-to-date property management activity notes, your tax returns, your property details and more...