• What exactly is covered under your standard monthly fees?

Our flat fees (€79/month for vacant care, €99/month for occupied rentals) cover the essential, day-to-day stewardship of your property. This includes acting as your official local contact, receiving and scanning post, conducting routine property inspections, paying monthly utilities (rezsi) and common costs (közös költség), and managing direct tenant communication. Any heavy maintenance, emergency repairs, or deep administrative work sits outside this fee and is quoted transparently upfront.

• Do I need a Hungarian notary (Közjegyző) for a long-term tenancy agreement?

We highly recommend it. In Hungary, having your tenant sign a formal “Declaration of Moving Out” (Kiköltözési nyilatkozat) in front of a registered Hungarian notary (Közjegyző) makes the lease directly enforceable by law. This provides overseas owners with maximum legal protection regarding rent collection and property possession. We can seamlessly coordinate this process with trusted English-speaking local notaries.

• How do you handle maintenance emergencies or repair work?

For standard routine maintenance, we use our network of reliable local tradespeople and oversee the schedule for you. For larger repairs or modernizations, we act as your project coordinator on the ground, securing multiple quotes and managing the contractors for a transparent 10% coordination markup on the final invoice. We never authorize major expenditures without your explicit email approval.

• How is rental income taxed for foreign property owners in Budapest?

For private individual owners, rental income in Hungary is typically subject to a flat Personal Income Tax (SZJA) rate of 15%. You can choose to deduct a flat 10% for expenses or account for itemized actual costs. While we handle your monthly utility and building expense reporting, we can connect you with an independent, local English-speaking accountant to file your annual Hungarian tax returns accurately with the NAV.

• Can you help me transition my property away from Airbnb to a long-term rental?

Yes, this is our specialty. Short-term holiday lets involve heavy turnover wear, changing local council regulations, and high platform fees. We can manage the entire transition for you: closing down short-term operations, coordinating a deep turnover clean, assessing any light refurnishing needs, and launching your property on the long-term market with a fully reference-checked tenant.

• What is the current regulatory situation for short-term vs. long-term rentals in Budapest?

The regulatory landscape has shifted heavily toward long-term rentals. District VI (Terézváros) has introduced a complete ban on private short-term rentals, while District VII (Erzsébetváros) and others have placed massive restrictions and freezes on new licenses. Because of this, transitioning your apartment into a high-yield, compliant long-term rental is now the safest and most predictable way to secure a steady return without regulatory or legal penalties.

• How do you handle utility meter readouts and tenant bill tracking (rezsi)?

On the 10th of every month, we collect the official meter readings for water, gas, and electricity, and upload them to the service providers (like MVM and Főtáv). We calculate the exact utility usage (rezsi) alongside the building’s common cost, invoice the tenant directly, and confirm payment is received. This keeps your utility accounts entirely clear of arrears and ensures total transparency for you and your tenants.

• Do I need a Hungarian bank account to receive rent, and what currency do you use?

No, you do not need a local Hungarian bank account. While utilities and building common costs are billed natively in Hungarian Forints (HUF), we typically structure long-term tenancy agreements in Euros (€) to protect your investment from currency fluctuations. We collect the rent in Euros and transfer it directly to your international account (such as Wise, Revolut, or your home bank) alongside a clear monthly financial statement.