your questions, answered.
What happens if the developer goes bankrupt?
Due to the notarially agreed handling of the payment flows according to MaBV (Makler- und Bauträger-Verordnung), the developer only receives the money in instalments for which services have already been rendered. This is monitored by external experts. So if, despite all precautions, this should happen, only what has been done is paid for and someone else is able to complete the project with the financing’s remaining money. Safety First, why take a risk?
What if there is no tenant or who will take care of the rental?
First of all, it should be said that there is always a tenant for a modern high quality flat built according to the latest energy standards in the right macro and micro location. The only question is on what terms and how to find the right one. Our partners in the rental sector are highly qualified rental professionals who have been active in the market for decades. Our specially developed 7-point tenant selection program helps you find the right and solvent tenant for your investment. And in case of an emergency, we recommend a loss of rent insurance that will cover you if the rent is not paid. Safety First, why take a risk?
Who takes care of all this and what does it cost?
Our investors have only one contact, which is US. We coordinate all the companies and individuals involved. Be it the talks with the banks for the financing arrangement, during the construction period the developer and the tradesmen, after completion the leasing and management team or even the caretaker and maintenance teams, we know everyone and coordinate them to your satisfaction. And that costs no more than a normal property management company would. And if you need help with the taxation of your investment, we can also help you with our contacts as well. Safety First, why should you take a risk?