Property management services are provided by our company City Hotels Ltd. on a contract basis and include the following:
 

       1. We are able to refurbish and furnish your property with all needed.

We have 8 years experience in renovating and furnishing apartments and houses. Profound knowledge of a local market, good connections with many retail shops, team of proven craftsmen and technicians guarantee quality and quick results. Our clients can benefit from the most reasonable prices on the market and enjoy higher rental levels. Our fee for the organization and supervising of the renovation and furnishing is 5% of the total invested amount.

       2. We will provide the following services against 50 Euro monthly for each property charge:
- Assistance in the management and maintenance of the documents circulation. Preparing and signing of Lease Agreements.
- Organization of the apartment maintenance.
- Regular communication with owner in case of any important circumstance and to produce at request payment documents to prove the expenses made for the property.
- Organization and complete assistance with regard to the payment of any and all expenses related to the property to third-party suppliers, including the expenses for power and water supply, cable TV, Internet, cleaning and maintenance of the real estate, cleaning and maintenance of the common parts of the building, repairs and reconditioning, etc.
- Organization and complete assistance in respect of the issue of any categorization papers, licenses and similar for the short-term or long-term rent of the property.
- Organization and full assistance in the payment of the annual property tax and waste collection fee.
- Organization and full assistance with regard to the filing and submission to the tax office of the annual tax statement and payment of the tax due by the apartment owner for the income from renting the property.
- Actions aimed to find, establish contacts, and offer the property to tour operators and travel agencies etc. with the purpose of renting the property to their tourists.
- Reception desk services and dispatch, handing over and back acceptance of keys, full assistance to the tenants, dwelling in the real estate, property of owner.
- Registration of the tenants, foreign citizens at the Local Police Station as required by the law.
- Taking into charge funds, property of apartment owner, to be used for all payments of expenditure, related to the real estate.
- Organization of the book-keeping and storage of the received invoices, payment receipts and other documents from third-party service providers, agents, local authorities, tax administration bodies, etc.
- Representation of apartment owner, protection of his rights and execution of his will before any and all third-party service providers, agents, local authorities, tax administration bodies, tenants etc.

       3. Brokerage fee for finding tenants are:

           0 - 3 months: 10% from the total rental income,

           3 - 6 months: 50 % from the first month rent,

           6 - 12 months: 75 % from the first month rent,

           More than 12 months: 100% of the first month rent.

       4. Brokerage fee for property purchase:

           3% of the sale price payable at the preliminary contract.

       City Guide Real Estates has leasing professionals who have leased a combined total of over 100 000 square meters over the last eight years. This experience and knowledge in leasing is available for each property managed and leased by City Guide. Our firm has consistently maintained above average leased occupancy levels at above average rental rates.
       This is possible due to our dedication in marketing to approved, quality prospective tenants for each building managed. We fully cooperate with outside leasing brokers in providing maximum exposure to each vacant building space.
       The City Guide, leasing team consists of Nina R. Doushkova and Martin G. Markov, Real Estates Appraiser.
       This is a proven team of professionals that will maximize your occupancy rates and income. Whether your building is new, requiring its first tenant, or stabilized at 100% occupancy, this team can achieve the results you desire and more. Even during the recession, we were able to achieve occupancy levels at high rental rates that permitted attractive refinancing. Their experience includes work with all types of commercial buildings, office, retail and industrial. Regardless of your type of building, you are assured of the best leasing representation available for your real estate needs.
       When repairs or improvements are needed on your property, we evaluate the cost effectiveness of using in-house maintenance personnel vs outside contractors. We DO NOT own nor are we financially affiliated with any company that provides goods or services to any properties that we manage. We are free to obtain the best quality service for the most competitive price. We actively shop the open market for needed goods and services by soliciting 2 to 4 bids from reputable contractors to ensure the ultimate value for your investment dollars.
       At City Guide Real Estates, our goal is to provide the most comprehensive property management service possible. We believe that a "hands-on" approach is essential to the successful management of any property.
       Our property supervisors conduct weеkly site visits to each property. Extensive involvement with the on-site property staff aids in identifying and solving property management problems quickly.
       This methodical approach to property management has afforded City Guide the distinct reputation of providing our client's with peace of mind, knowing that their property is in good hands.
       Our accounting department utilizes the latest in accounting software and computer technology to provide accurate, complete and communicative financial reports to owners within 10 working days after each month-end. Our clients can see how their property performed during the previous month with minimum lag time.
       Before distribution, we review the reports to identify and/or clarify any unusual or extraordinary operational items.   Thus, on a timely basis, property owners can discuss any concerns and/or desired changes.
       In addition, we can customize monthly financial reports, thus making tax reporting easier for you, our client.