The deal

Lettings and property management

Let and looked after, even when you are in another country.

  • From 15 percent
  • Reports to the owner
  • Owners abroad welcome

Letting an apartment takes time not at the signing but afterwards: calls, repairs, late payments, a tenant leaving mid-month. That is what management means: those things stop being the owner problem.

We take on finding tenants, the lease, collecting rent and checking the condition of the apartment, and we send the owner reports. If you are abroad, this is the only way to let an apartment without losing money on it.

What is included

What is included

Assessing the rent and preparing the apartment for letting
Photography and listings
Tenant screening: documents, employment, rental history
The lease and a handover record with an inventory
Collecting rent and tracking due dates
Inspections and photo reports to the owner
Calling in tradespeople for repairs, with the owner approval

Process

How it works

  1. 01
    Inspection
    We see the apartment, give you a realistic rent and say what is worth buying before letting.
  2. 02
    Owner agreement
    We fix the terms, the percentage and the scope.
  3. 03
    Finding a tenant
    Listings, viewings, screening of applicants.
  4. 04
    Move-in
    Lease, inventory record, photographs of the condition on day one.
  5. 05
    Running it
    Payments, repairs, inspections, reports to you.
  6. 06
    Move-out
    Final record, comparison against the photographs, settlement for any damage.
Tenants, payments and inspections are on us; the owner gets reports.

Prices

Pricing

Indicative; the exact price is set once we know the property.

Short-let management
from 30 percent of income (owner keeps from 70 percent)
Term: monthly
Order
Long-let management
from 15 percent of the rent
Term: monthly, or a one-off fee from 50 percent of one month rent for finding a tenant without management
Order
Unscheduled inspection with photo report
from 1 000 UAH
(eq. 22 USD)
Term: same day
Order

Terms depend on the property, district and term: we name the exact percentage after inspecting the apartment.

Details

Facts in hero

From 15 percent of the rent, the exact percentage after an inspection.

FAKTOR

Why FAKTOR

10
years on the market
8 872
listings in our database
7
offices in Odesa

Questions

Frequently asked questions

How much can an apartment in Odesa earn?

It depends on the district, the floor area and the condition. We quote a rent after seeing the apartment, and we quote the one it will actually let at rather than the one you would like to hear.

Who pays the utilities?

As agreed in the lease. Usually the tenant pays for consumption and the owner for building upkeep.

What if the tenant damages something?

That is what the inventory record and the day-one photographs are for. The difference comes out of the deposit, and if it does not cover it, the lease governs what happens.

Can I let the apartment while living abroad?

Yes, that is exactly what management is for. We handle everything; you receive reports and money.

Is short-letting more profitable than a long let?

In season, yes. Out of season, no. It also causes more wear and more work, which belongs in the calculation.

Do you take apartments without renovation?

Yes, but the rent will be lower. Sometimes a minimal refurbishment that lifts the rent pays better than letting it as is.

Order rental and management
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