Mid-term rental property management
Commission: from 13% to 18%
Management of medium-term properties in Sofia, Plovdiv, Varna and Burgas, as well as for the Black Sea resorts, Pamporovo and Bansko.
Advantages
The medium-term rental lasts from 4 weeks to 1 year, and usually tenants are employees of international companies, digital nomads, actors, officials and other people temporarily residing in the country.
A mid-term rental generates a higher income from the property and the depreciation of the property is lower than short-term and long-term rentals.
One service package
The successful realization of a property in online platforms depends not only on the quality of individual activities, but also on their consistency and synchronization. Therefore, we offer a package of services that covers all obligations for the activity, as well as the necessary legal, tax and administrative requirements.
- Creating profiles on the platforms
- Support and listing SEO
- Registrations in ESTI
- Marketing and advertising
- Dynamic pricing
- Cleaning and disinfection
- Washing bed linen and towels
- Loading with consumables
- Registration of guests in the MT system
- Financial statements
- Virtual Concierge
- 24/7 communication with guests
- Digital guest guides
- Accounting
- Tax optimization
- Maintenance and repair of minor damages
Additional services
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
Purchase and installation of a key safe box - the most common method of self-accommodation of guests.
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
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.
First steps for a successful start
Leave all the worries to us
Flat Manager is one of the few companies in Bulgaria with the experience, infrastructure and technology to service short-term, mid-term and long-term apartment rentals. We will take care of everything, ensuring a stable and profitable partnership for you.
Send an inquiry
Frequently asked questions
The commission varies from 13% (when managing a property with a mid-term rental and bookings lasting more than 4 weeks) to 18% (when managing a property with a short-term rental and bookings are with a duration of less than 30 days).
Depending on the type of management, VAT is also charged on the commission.
The commission includes:
- Advertising and marketing on short-term rental platforms
- Dynamic pricing and occupancy management
- Reservation processing
- Communication with tenants before, during and after the stay;
- Providing tenants access to the property, using a self-accommodation method;
- Organization of cleaning of the property, washing of bed linen and towels, stocking of consumables;
- Organization of activities related to property maintenance and minor repairs;
The commission does not include:
- Commissions on short-term rental platforms;
- One-time cleaning fee for each stay - the fee is paid by guests and is not part of the property's net income;
Rental of bed linen and towels
- Maintenance and repair costs;
- Personal welcome and accommodation of guests.
A key factor in the successful short-term rental of an apartment is its location - ideally, the property is located in the central part of the city, within walking distance of most tourist attractions or beaches and ski slopes in the resorts.
It is desirable that the property has been renovated in the last 2-3 years, looks welcoming and provides basic amenities for the guests.
For mid-term rent, the property can also be near areas with business buildings, but it must be modernly furnished and provides a work area.
We take care of collecting payments from all platforms. Every month by the 10th, we send a detailed report with the previous month's bookings and by the 15th we transfer the profit to you, deducting all costs.
In our digital customer portal, you can track in real time when the property is rented and on what terms.
It is possible to provide a personal welcome and accommodation of a guest in the apartment, according to your requirements or in certain situations. This service is not included in our commission and is paid additionally. The price is BGN 30 with VAT per reservation.
The purchase and replenishment of the following consumables: coffee, dishwashing liquid, kitchen sponge, kitchen paper, dishwasher tablets, laundry detergent, etc., is carried out periodically by our operational teams. A fixed amount of BGN 20 with VAT per month is paid, and this expense is deducted when the income is paid.
Each property is reviewed and approved by Marriott International teams. One-bedroom apartments and properties without a kitchen are not accepted on the platform. All the recommended requirements from the equipment list in our guide must be present, the condition of the property must be perfect and the interior must be medium to high class. The platform's commission is a trade secret.
If you already have any of the above, we will deduct their value from the initial fee as long as they meet our quality requirements. We highly recommend using our bedding as it works out more cost-effectively and you don't have to deal with top-up sets on marriage or depreciation.
There are two options: with a self-check-in method (key safe box that we install at the entrance of the building) or personal check-in by our employee. Personal accommodation is an additional cost of BGN 30 with VAT per reservation.
When managing a property with a short- or mid-term rents, the owner's only obligation is to regularly pay the overhead bills for heating, water, electricity, internet and cable TV.
When managing a traditional long-term rental property, the owner has no obligations – we have a commitment to everything, including paying the bills.
In order to maintain the property more effectively, at their discretion, our operational teams may carry out any or all of the following activities, without prior approval from you and with a total monthly limit of up to BGN 60 including VAT, namely: light bulb replacement, buying additional dishes, unclogging a channel, venting radiators and other activities that do not require the intervention of specialized craftsmen. For the repair of broken locks, removed electrical outlets, damaged toilet cisterns and other similar activities, our operational teams use the services of subcontractors, and they are obliged to inform you of the cost of the visit, in case it exceeds the amount of BGN 60 including VAT and receive your approval.
We work with reliable partners who could perform these activities for you. Contact us for more information.