Property management in Sofia
We offer full property management in the city of Sofia. Manage properties on Airbnb, Booking.com and all major platforms.
Types of property management
Different types of tenancies have their own characteristics and it is important for each landlord to weigh their advantages in order to make the best decision for their property. We know the three segments of the rental market well and are here to facilitate the process and take all the worries away, providing you with the highest possible yield, peace of mind and security.
Short term rental
Management of a property that is rented for a period of 1 to 30 days through Airbnb, Booking.com, etc. platforms.
You can use your property whenever you want, while getting additional income by renting it out on a short-term basis.
21.6%
commission
with VAT included
Mid-term rental
Management of a rental property for stays from 4 weeks to 1 year to house employees of international companies and digital nomads.
A niche market with higher income and low property depreciation.
16.2% - 21.6%
commission
with VAT included
Long term rental
Management of a property that is rented out for a minimum period of 1 year, turning it into a serviced apartment with concierge services. You receive a fixed monthly income without committing to maintenance, household bills and communication with a tenant.
10%
from the monthly rent
but not less than BGN 120 (VAT included)/ per month
Management terms
Flat Manager's commission is 18% excluding VAT from the monthly income generated, after deducting platform fees. Guests pay a one-time cleaning fee per reservation. We offer two types of contracts in order to optimize the taxes owed. Contact our team for a free consultation about the legal framework related to renting your property and which type of contract would be more suitable for you.
Property management contract
Suitable for legal entities or individuals who are insured in Bulgaria at the maximum insurance threshold. In this case, we manage the property on your behalf and at your expense. Individuals should register with the Registration Agency and pay an annual patent tax. No rental income tax is due, but insurance is due. We charge VAT on all commissions, fees and costs. Monthly declarations for individuals can be submitted by us, after authorization, and the service is included in the commission.
Property rental agreement
Suitable for individuals who live abroad or are insured in Bulgaria below the maximum insurance threshold. We rent the property and sublet it on our behalf. You don't have any administrative and tax obligations – we pay rental income tax on your behalf and no insurance is due. We charge 9% VAT on the value of overnight stays and 20% VAT on cleaning fees, but we do not charge VAT on our commission, platform commissions, cleaning and maintenance costs.
Additional services
For short and medium term rent
Photo shoot
Professional photography of the property, including selection and processing. We use the photos to create the listings and provide them to the property owners, with no restrictions on use.
Price: BGN 150. with VAT
Lock-box
Price: BGN 100. with VAT
Rental of bed linen and towels
We supply the property with high quality linen and towel sets.
Price: BGN 75. with VAT*
* The price is per guest per year, according to the capacity of the apartment.
Cleaning
Initial cleaning and preparation of the apartment for the first reservation.
Price: between BGN 70 and BGN 120 with VAT*
* The price varies, according to the square footage of the property.
Personal reception of guests
It is possible to provide personal reception and accommodation of guests, according to your requirements or in certain situations.
Price: BGN 30. with VAT
Leave all the worries to us.
Secure yourself a higher income, peace of mind and valuable time.
Contact our team for a free consultation at +359 875 333 000 or through the contact form.