A frequently asked questions
We found that many clients have similar questions, so we’ve answered the most popular ones for you below. If you prefer to chat instead, feel free to give us a call – we’ll be happy to talk with you!
How much do Conbiz Management’s service cost?
The right question to ask is how much not taking advantage of our services will cost you in vacancies, unpaid rents, municipal fines, flights to and from Prague and so forth. The answer is – much more than the 8% of the rent we typically charge.
What ROI can I expect from properties you manage?
A typical ROI after deduction of property management fees is around 5% for long term single unit apartment rentals, though rates vary depending on location. This does not include appreciation in property value – which is projected to steadily increase in the upcoming years. ROI is of course considerably higher for our multi-unit managed properties – and leveraging your self-capital via a mortgage, with our help, can further improve the numbers.
How can Conbiz Management help me get a good ROI for Czech real estate properties without requiring my presence?
Our dedicated team handles all aspects of property management, from reaching out and vetting candidate residents, through collecting rent, dealing with repairs and maintenance and soothing any frictions between tenants in multi-unit properties. We do the hard work so you can enjoy the proceeds of your investment without pouring in additional time and energy into the property.
I already purchased my property and received loan terms far less favorable than those you are quoting. Can you really help me refinance the terms?
Absolutely. Please check out this link for more information.
What makes Conbiz the best and safest company to manage my real estate investment in the Czech Republic?
Our extensive experience, contacts and understanding of the Czech real estate business environment and culture enable us to secure the best tenants, professionals and financial terms for you.
What are the typical vacancy rates of the apartments you manage?
We pride ourselves at having extremely low vacancy rates, thanks to aggressive marketing, taking preemptive action, and maintaining the satisfaction of existing tenants through meticulous attention to detail, understanding of local mores and culture and providing them with the personal touch.
How often will I be updated on rents, repairs, marketing, vacancies, renovations etc.; on Conbiz managed properties?
We provide all our clients with monthly reports and you can, in addition, receive online access to updates.
What services does Conbiz provide?
We address all aspects of your property management. That includes marketing your apartment for rent, interviewing and vetting tenants, collecting rent, maintenance, renovation, repairs, municipal and tax documentation and payments. We do the busywork, letting you lay back and enjoy the peace of mind that a steady revenue stream provides.
What particular advantages are there to investing in Czech Republic real estate?
In one word – stability. The Czech economy is rock-solid, even in the current COVID-19 pandemic (from which the Czech Republic has emerged with remarkably well). Moreover, given the housing shortages in Prague and elsewhere, property values are projected to continue steadily increase for years to come.