Ultimately the rental market that fluctuates depending on current market conditions. We offer a detailed market analysis and work with you to optimize your rent based on your goals.
How are the security deposits handled?
Security deposits are deposited into a bank account. They remain in the bank account and are applied to the last month’s rent.
How are tenants selected?
We carefully screen each prospective tenant application and verify rental history, employment, and obtain a report, which includes all information. You can find more details in Property Management Services Package section.
Do I pay for processing the tenants’ applications?
No. This service is included in our fee.
Who pays for maintenance and repairs to my property?
The owner pays for maintenance and repairs, unless in those rare instances the tenant has agreed to assume responsibility.
Who pays for the marketing of my property?
PMS POLAND pays for all signage and administration costs related to the marketing of your property for rent. Placement on our corporate website is free of charge. There are also a number of relevant internet sites we use for advertising and we include any administration costs free of charge.
Are property management fees tax deductible?
Income from private rental is settled only as a lump sum by the owner of a given property. According to the current tax regulations, it is not possible to deduct the real estate management fee from the tax base.
What is typically involved in preparing a property to be rented?
All properties should be in a good condition. This includes for example: all walls are clean, no outstanding maintenance issues and appliances in good working order. Your property will rent quicker and demand a higher rental value if it is in good condition. We inspect your home as part of our start up and tenant move in process. See Property Management Services Package section for more information.
What is my tenant responsible for as it relates to the property?
In general the tenant is responsible for any damages that have directly caused to your property. We will handle completing any repairs and coordinate payment from the tenant as a result of this damage.
I have read lately about “bad” tenants who cause severe damage to properties and refuse to pay their rent. How should I avoid this?
The best way to protect yourself is through a proper tenant screening process, which we provide, and you can find the details in Property Management Services Package section. However, there is a very small chance a bad tenant still occurs. In this instance, we can assist as much as possible to help in the eviction process.
Do you take care of evicting tenants?
If a tenant does not pay their rent on time, we coordinate the entire eviction process with your approval. To find out more see Property Management Services Package section.
Do you make sure my rental property is safe and secure?
When we inspect a property, we look to see that it is safe, well maintained.
Does PMS POLAND also purchase and sell real estate?
Yes – if you need assistance in the buying or selling of property we can help.
Can PMS POLAND help me look for other investment properties?
Yes – if you need assistance in the buying of property we can help.
What if there is a serious problem late in the night with one of my rental units like the heating does not work. Can you fix it immediately?
We offer a 24-hour emergency repair service to all our owners.
I am a non-resident of Poland and own an investment rental property. What are my tax implications?
PMS POLAND can assist with the preparation of and filling remittance of taxes for non- residents.