Property Management

Ober-Haus Residential Property Management Services

Let Ober-Haus maximise your returns while minimising the hassle of managing your property. Our marketing and letting departments, facility managers, and legal and accounting specialists work together to free owners like you from the time consuming problems of property management.

Ober Haus takes care of all traditional aspects of property management, including collecting rental payments, apportioning service and/or utilities charges, concluding maintenance contracts, and overseeing repairs and restoration work. Additionally, we can help owners increase their property's profitability by identifying areas ripe for improvement, restructuring leases, renegotiating rental contracts, and finding high quality tenants. Our complete residential property management service includes:

• Interior Design and Fit Out
• Property Insurance
• Property Letting
• Property Management
• Accounting and Reporting

Interior Design and Fit Out

Based on extensive market knowledge, our expert leasing agents can help you choose the styles and amenities to ensure the most rentable properties for your clients.

Ober-Haus has worked closely with interior designers in each country for years. We can recommend the best design and fit-out firms to complete each of your investments.

We know, from over ten years’ experience, what each market requires in terms of design, layout, colour schemes and furnishings. Our recommended architects will provide you with design drawings of your property and price quotes for the entire fit-out work.

 

Property Insurance

Ober-Haus has agreements with the largest insurance companies in the region to provide low cost insurance quotes to you before you make your acquisition.

 

Property Letting

Ober-Haus is the largest property letting agency in Central and Eastern Europe, with more than 30 offices and 300 real estate brokers.

We work with all embassies, relocations companies and human resource departments of multi-national companies, to find homes for hundreds of expatriate workers each month.

Ober-Haus is the most successful residential letting agent, marketing your property through direct calls, business events, weekly newspaper listings, internet offers and direct contacts.

 

Property Management Services

The value of your investment property depends, to a great extent, on the professionalism of its management. It is absolutely critical that your property is well looked after and maintained in order to maximise its market potential and protect your investment and future tenancy.

Well maintained buildings keep their tenants, meaning you will have more cash flow and fewer “rental voids”. And our 30 real estate agency offices, the largest network in the region, means you will have the most extensive team of residential rental agents working for you.

Most important for you, as a landlord you need fluent English speaking, professional property managers at your call 24-hours and day, 7-days a week. Ober-Haus property managers are all bi-lingual and have experience working in property management in the UK, US, Australia, or other English speaking countries.

We provide owner/investors like you with the following range of services:

• Collection of all incomings: deposits, rents, and utility payments
• Management of rent accounting
• Holding of deposits
• Payment of all outgoings
• Routine and emergency repairs
• 24-hour tenant help line to answer all tenant concerns
• Optional tenant services, such as maid service, laundry, concierge service, or grocery shopping
• Taking inventory of each property during handover and return
• Handling all insurance claims
• Advice on safety and legal obligations

Accounting and Reporting

As an absentee owner, you will appreciate that our English speaking accountants take care of all your accounting needs professionally.

Ober-Haus can handle all your local accounting needs, such as:

• VAT and income tax reporting
• Calculate, invoice, collect, and give receipt for all rents and other charges due from tenants and other users
• Notify you of any tenant who is default under the terms of its lease
• Obtain and review the appropriateness of bills for real estate and property taxes, improvement assessments and other impositions applicable to the property and initiate appropriate protests or challenges
• Pay in a timely manner all expenses for the property subject to instructions received from the owner
• Maintain accurate records of all funds received and disbursed
• Prepare annual statutory audits and other reports required by law or by your lenders

 

We will send you, every month, an easy to read monthly report, in English, including:

• Statement of operating receipts for the period
• Schedule of accounts payable and accrued expenses
• Statement of disbursements for the period
• Delinquent accounts receivable aging
• Schedule of reserve and escrow accounts for the period
• Schedule of all security deposits made by tenants in the property, either in the security deposit account or held directly by the owner
• File all statutory declarations required by law

Simple and Easy

It has never been easier to take advantage of growing real estate values in the emerging markets of the new European Union. Ober-Haus has been working in Central and Eastern Europe since 1994, and is the only property company in the region that can offer all buy-to-let services, from acquisition through financing, letting, and management, all under one roof.

To get more information about our services please contact:

Aigars Sviķis
Lawyer
aigars.svikis@ober-haus.lv
Ropažu street 10, Riga, Latvia
Tel. +371 27 012 224