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PROPERTY MANAGEMENT SERVICE and MAINTENANCE OF THE BUILDING AND ITS COMMUNAL AREAS
Katel Ltd will provide complete property management of the building . The annual fee is charged according to the size of the apartments at 12 Euros per square meter. This annual charge will cover the following:
- Maintenance of the garden.
- Maintenance, cleaning of the common parts and Spa center.
- Security for the block.
- Standard repairs occurring from the normal use.
- Management and maintenance of all relevant documentation.
- Organization of any and all maintenance required at the apartment, inclusive of regular cleaning, change and laundry of linen, preparation of the apartment for rental, daily cleaning when the apartment is occupied by tourists, etc.
- Regular communication with you the owner in case of any unexpected event, and to produce at your request documentation for any and all expenses made on behalf of the property.
- Organization and payment of any and all expenses relating to the property to third-party suppliers: e.g.: bills for power and water supply, cable TV, Internet subscription, cleaning and the general maintenance of the apartment, including repairs and renovation as and when required etc.
- Web access to the bookings made for your apartment by the tour operator, so you can see the availability for yourself, friends and family, or check your rental income.
- Organization of the issue of any categorization papers, licenses or similar required by the law for the short-term or long-term rent of the property.
- Organization and the payment of the annual property tax and waste collection fees (funds must be supplied by the apartment owner).
- Organization, filing and submission to the tax office of the annual tax statement and payment of any and all tax due by the apartment owner for income relating to the rental of the apartment.
- Marketing the property to tour operators and travel agencies for rental to their client base of tourists.
- Reception desk services and dispatch, key services to incoming and outgoing tenants/visitors.
- Registration of the tenants as foreign citizens with the local police station as required by the law.
- Holding funds on behalf of the apartment owner, to be used against outgoings directly related to the apartment or common parts under the terms of the virtual freehold.
- Organization, book-keeping and the storage and maintenance of all records and received invoices, payment receipts and other documents from third-party service providers, agents, local authorities and tax administration bodies etc.
- Representation of the apartment owner and protection of his/her rights and execution of his/her will before any and all third-party service providers, agents, local authorities, tax administration bodies and tenants etc.
LETTING MANAGEMENT
Our main goal is to provide 100% year round occupancy.Buyers who wish to rent out their apartments to tourists can use our the services in partnership with major international and local tour operators offering holidays in Bulgaria.
Katel Ltd marketing department runs a major advertising campaign to attract tourists to these apartments. All modern techniques will be used including web marketing through the leading beach and tourism portals and reservation systems on Bulgaria. Targeted advertising to local tour operators and travel agents, as well as the leading British, German, Scandinavian, Dutch and Russian tour operators.
Owners will be offered fixed rates per night for short-term rentals. All expenses for short-term lettings (electricity, water, cable TV, Internet) will be charged to the owners account. Long-term rents are subject to additional negotiation between the tenant and the apartment owner, which will be handled by us on your behalf. Usually for long term lettings all expenses are covered by the tenants. Our experience shows that short-term rental provides a higher rental income and we expect that River Lodge Spa & Ski apartments will bring maximum rental return compare sly to Bansko apartments year round after the complex gets popular and a brand is made.
FOR MORE INFORMATION ON THE MANAGEMENT & LETTING OF YOUR APARTMENT YOU CAN CONTACT US
