Budapest Property Services
Collection of rent and handling of associated fees and taxes
Landlord Property Accounting/Taxing Budapest
Financial management is a fundamental part of our service. We collect and account for rent and utilites as directed by the property management agreement. As a rent receiving agent, we will need to deduct and pay tax deposit from rent on a monthly basis. In addition to this, we can provide you with tax-related financial advice to help you obtain the maximum benefits from your tax allowances and circumstances. All rental income is taxable. Any profit you make from letting out a property (i.e., the money left over after your expenses have been deducted) within Hungary is subject to Hungarian income tax and landlords are required to submit an annual self-assessment tax return to National Revenue & Customs, which declares their income and any taxes.
Compilation of monthly statements for tax purposes
At BPartner, we offer a comprehensive service, preparing the annual accounts, completing the tax return and advising on required payments on account, claiming income tax reliefs, all of which is necessary every year. With all the information required at our fingertips, we are able to prepare your return with minimal involvement from you and of course, with our existing relationship this simply becomes an extension of our role in managing your Budapest property.
Does dealing with utility companies, liaising with personal contractors, building managers and insurers incur extra charges?
All of the above is included within the standard management fee. All you have to do is authorise the provider to liaise with us on your behalf and we will assist where possible. We can arrange for utility invoices to be sent to us. We will arrange settlement of these invoices out of funds provided by you. We spend your money as carefully as we would spend our own.
The single point of contact
The confidential service that helps with problems ranging from preparing properties for optimal letting to landlord/tenant issues.
Proactive and can-do attitude
Broken boiler? Leak in the kitchen? Light switch not working? Routine repairs and maintenance are carried out automatically.
Preparation of specifications and administration of major works
Routine inspections are made and written reports supplied to the landlord. No job is too big or too small for BPartner Property Management.
Complete property assistance including monthly visits, arranging cleaning, paying interim utility bills and service charges.
Under property management's watchful eye
We deal with maintenance issues on a case-by-case basis. Due to our regular inspections, we are able to provide reports and offer recommendations on essential and non-essential works.
Keeping you safe and compliant
If we manage your property, BPartner will ensure that all relevant legislation is complied with, thus giving you complete peace of mind.