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Renting and managing apartment while abroad

Question

Hi,
I am moving abroad for few years and need to rent my apartment.
Has anyone any experience doing this from abroad?
Is it better to do personally or through a Management company. Any experiences/advices?

Thanks

CC_R

I haven't done it here but we did rent out our home in the UK for a while, the advantage of having a management company is they collect the rent, act as intermediate when issue arise in plumbing etc. they also vetted our prospective tenants, even then we did have issue from some which I won't go into. It does also mean that you have evidence for the tax man of what you paid in and out. The negative side was mostly that you pay a cost and sometimes they didn't seem to be on our side when we had issue they were well we can't intervine

Apr 17, 2015 12:06
RTchap

Hi,

We are looking for a 3 bedroom apartment here, preferably with a garden - what's your apartment like?

Thanks!

Apr 17, 2015 12:28
Court

No RTCHAP, its a 1 bedroom apartment.

Apr 17, 2015 16:18
Kerry

If your property is in good condition and the tenants are unlikely to have problems requiring your attention, then you could easily manage it yourself. You would ideally get it rented and all the paperwork done before you leave Belgium and you would at least need someone to hold a set of keys and ideally have a handyman that you could easily contact if needed. It also depend on where you would be located yourself - in case of emergency could you get here in a matter of hours? We've let our property in another European country in a far less regulated market and it's always worked out fine. Ideally get to know your tenants and treat them fairly and they tent to respond accordingly. good luck

Apr 23, 2015 22:11