There are four levels of service to chose from or integrate.
Inventory Check In/ Out service
Tenant Find Service
Rent Collection Only (Silver service)
Full management (Gold service)
Romania is a great place to invest & your investment is sure to do you proud, however you manage it. That said, to get the best return & have a stress free ownership experience, you need good quality, affordable local support to achieve that.
It may be that you live locally & don’t want the day to day hassle of receiving a call to say the washing machine has failed, or you may live overseas & want the peace of mind that your property is in good hands.
This is where WMP comes in. From the smallest task of showing people around to troublesome tenant or other complex issues, we are here to buffer you from the stresses of property rental & provide resolution quickly & professionally.
We offer a comprehensive choice of support, allowing you to contribute as much or as little as you wish, to managing your rental property.
Inventory Check In/ Out service
One of the most common causes of disagreement stems from a poorly taken inventory, leading to disputes when a tenant moves out refuses to acknowledge damage caused. This can be avoided with a properly conducted inventory report at the start of the tenancy, something often overlooked. Even if you manage your own properties, this impartial service makes it easier to settle damages & still maintain good landlord/ tenant relations.
At the start of a tenancy we will:
- List & photograph all aspects of your property
- Generate a condition report
- Obtain signed tenant/ landlord acceptance for the report
- If desired, hold the deposit as impartial parties
At the end of the tenancy, we will:
- Conduct a thorough condition review with the tenant
- Agree which items need repair or replacement, & withhold that sum from the deposit
The standard fee for this service is as follows:
Unfurnished properties up to 3 rooms/ 50m in size 40 euros
Unfurnished properties up to 5 rooms/ 80m in size 60 euros
Unfurnished properties of 5+ rooms/ 150m in size 80 euros
For furnished properties, add 20 euros to these prices
Tenant Find Service
Finding the right tenant is more important as achieving the optimum rent. At WMP we l conduct due diligence to determine tenant suitability, & provide you with our considered opinion to assist your decision making.
We use internet & regional publications to achieve the best publicity & reach the right clients.
Fees:
For short term rental (less than 12 months) = 50% of one months rent
For long term rental (12 months of more)= 10% of the first year’s rent
Rent Collection Only (Silver Service)
- Collect the rent in a timely manner
- Deposit rent into a chosen account
- Deal with minor tenant issues
Fee: 10% of the monthly rental.
Full Management (Gold Service)
- Collect the rent in a timely manner
- Deposit rent into a chosen account
- Deal with minor tenant issues Conduct an Inventory Check & Report
- Conduct periodic checks on the property
- Automatically seek to replace tenants when required
- Carry out repairs & maintenance when required
Fee: 20% of the monthly rental.
Cleaning & Maid Service
If you require your property to be cleaned on a regular basis or just for a special occasion (i.e., the mother in law is coming!), we can help with our local, hard working cleaning team. Just call or email us with your requirements. In addition, if you need help with daily chores such as Washing & Ironing, arranging for your dry cleaning, or just doing some shopping for you, why not give us a try.
Romanian Property offers fantastic investment opportunities, widely rated as the number 1 hot spot in Europe.
As with any emerging economy, chief among the bargains are period properties & those in key locations. If you find one in need of renovation, big or small scale, the likelihood of bigger returns is significantly increased, even if others overlook obvious potential.
As with valuable classic cars, few properties are beyond economic repair, if you can achieve the desired results using a combination of:
- An affordable reliable, capable team
- Knowledge of the local market & available resources
- Cleverly selected, affordable decoration, fittings & furniture
- High quality, consistent workmanship
WMP excels at these qualities & the 3 tabs below are just some of the tasks we regularly undertake to enhance or optimise tired properties.
No job is too small for us, so whatever your requirements, just ask us….
If you simply want your property to be painted before renting out, or selling, or a simple update to keep up with property fashion, or even a leaky roof repairing, we can do that quickly, cleanly & affordable.
If however, your property needs a total overhaul, & you need to move walls around, replace ceilings, windows, wiring etc, we can do that too, from the approval documentation through to executing the work. Below are typical jobs that we do for clients to keep their property in tip top order, & always ready to use, rent or sell
- Painting & decorating
- Gas central heating including under floor heating
- Double glazed windows, wood or uPVC
- Roof replacements
- Damp proofing
- Re-wiring
- Wall & floor tiles
- Replacement & re-leveled floors
- Plaster & board work, including new walls & ceilings
- Room partitioning
- Kitchens & bathrooms
- Wood restoration
- Internal & external door replacement
The most important room in your home is the kitchen.
It can significantly increase the property value & make it more desirable but only if high quality, durable & desirable materials are used.
At WMP we pride ourselves on transforming ordinary rooms into showpieces, and at a low cost.
Our team includes UK trained staff & has a vast experience in design & installation, to transform your property into an amazing place to live, one that your friends will be envious of.
We can conduct the complete project, or build to your design, whether it is traditional or contemporary.
Please contact us for a quotation.
Nothing makes a house more appealing than a gorgeous bathroom. With many affordable designs available today, it is possible to create a Millionaire look on a much smaller budget.
The WMP team can transform your bathroom into one that inspires you to wake each morning. From simple washrooms, to Jacuzzi baths & massage showers, we know you’ll be impressed with the result, & the cost. Please contact us for a quotation.
Whether you are preparing your property for sale, rent, as a place to live, or for your company to use, choosing the right furniture will be the determining factor on whether it has a good feel, or an ordinary, uninspiring feel.
It is not necessary to spend a fortune on doing this, but it is very important to choose the right look, & that means experience, good taste, an eye for detail & attention to quality. It can be the difference between an un-saleable & a saleable property, a loss or a profit, an empty or rented property, or indeed, an ordinary house or a happy home.
This attention to detail is very cornerstone of WMP. Let us equip your home, from curtains to carpets, & judge for yourself…
We can help you achieve that quickly, & affordably, with our knowledge of the local market, available furniture & fittings plus a good eye for quality & detail, we can ensure that you acquire durable, desirable furniture & fittings to enhance your home that will last.
We can carry out simple upgrades/ replacements, right through to complete renovation, using local architects if required, so whatever you budget, we can work within it to achieve the right look.
We have in our team, a highly respected Surveyor/ Topographic Engineer, locally trained to with over 28 years of experience in the Bran-Brasov region. Locally respected, with many valuable local contacts & partners, Magdelena Anganu-Bancila is a respected, professional land surveyor.
So, whether you want to partition your own land to sell it off in parcels, apply for planning permission, to convert from agricultural to building land, or you have found a piece you want to buy & need a second opinion, or need to partition it for the owner to sell it to you, we can help you.
Typical services:
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Land division projects
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Topographic study & project application prior to house build
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Urban project applications
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Documentation & projects to register houses/ land in land Registry (C.F)
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Land measurement & study
Legal Services
We have contacts with the best Notaries in the cities that we operate in. It doesn’t tend to cost more to get excellent legal help, its more a question of relevant experience & integrity. With something as important as property investment, it is paramount you start on the right footing. The Romanian legal system is actually very good , but constantly being upgraded to meet the changing dynamics of a fast growing economy. We work only with Notaries who have demonstrated a continuous learning policy & who come highly recommended from previous work carried out. In other words, tried & tested.
Translation Services
Romanian law is very comprehensive & written contracts make no apology for covering all aspects of those laws, in any binding document. It is therefore essential that you understand what your obligations are, & what the other party is obligated to also. For this reason, we only work with the best local translators we can find.
These are inexpensive resources, so whether you need simple pages converting to your preferred language, or in the case of land/ house purchasing. As obligated by Romanian law, you need a translator, we can help organise that for you. Just contact us for more information.
Building Project Support
One of the most exciting aspects of investing in Romania is the seemingly limitless economic growth. From land prices, to car purchase trends, to GDP, not to mention Industrial & commercial, urban & socioeconomic growth.
All this results in one inevitable thing. People are now starting to immerse themselves in more & more luxurious surroundings & trappings.
It is very popular for example, to source land, find an architect & a building company & create a dream home. As is to be expected, this is fraught with risk & complexity.
At WMP, we can project manage, or simply liaise on your behalf to ensure your project goes smoothly. We can carry out any or all of the stages listed below:
- Find the right location to build
- Find the best land/ project to renovate or create
- Conduct all approval processes & submissions
- Find architects, building companies, & specialists
- Create a project plan
- Create a financial plan
- Apply for Finance
- Monitor the project to the plans
- Ensure materials are value for money/ good quality
- Organising contingency labour teams
- Ensuring conformance to building standards/ regulations
- Organise milestone sign-off
- Conduct site visits & photo diaries or photo updates
- Final commissioning of the property
- Internal design & furnishing
- Partial or full management
Building your own home is an excellent way to generate big financial returns. In the example below, you can double your investment as soon as the house is habitable, & then, you have the fantastic growth that is Romania, over the coming years. There is no stamp duty here also, so you can sell at any time. Tax ranges from 3% if sold within 3 years, to 1% if sold after. Check the most recent legislation on our Legal page, or your preferred Notary for the most up to date facts on this.
| Cost in Euros | Element of Project |
| 1,000e | Land Search & your trip costs, for example 10 days of searching |
| 15,000e | Land cost, 500m @ 30e/ mp for a 150mp 4 bed house |
| 2,000e | Surveys/Legal costs, often much less |
| 2,000e | Architect fees, often much less |
| 50,000e | Construction costs @ 325e/ mp turnkey cost |
| 10,000e | Permissions & utilities, assuming no electricity or gas is nearby |
| 5,000e | Garden & landscaping |
| 8,500e | WMP Project Management Cost @ 10% of costs |
| 93,500e | total cost for one, or 165,000e for 2 (due to efficiencies of scale |
| 180,000e | Selling price at today’s values, if land = 30e/ m, |
| 86,500e | Profit on one houses |
| 195,000e | Profit on two house, economy of scale saving |
An excellent return, considering that the breakdown includes all costs & some contingency allowance.
You can contact us by any of the following means:
Damian Galvin,
| +44 7764 386376 Mob UK |
| +40 727 606 074 Mob Romania |
| +40 268 416 522 Office Brasov |
Florin Opris
| +40 723 507 693 |
Carolyn Pack
+44 121 427 3208
