Renting out your property in Eindhoven through a rental agency: the pros and cons

Renting out your home in Eindhoven can be a complex process: from determining the rent price and publishing the advertisement to drafting the lease agreement and handling the key assignment. A rental agent specializes in this process and can provide support. But what are the pros and cons of renting through a rental agent?

PROS

Faster rental process
Your property is rented out faster as rental agents often have a strong existing network, especially with large companies looking for housing for new employees, particularly expats in Eindhoven's case.

Ideal candidates + thorough screening
Expats make ideal candidates for renting out your property in Eindhoven. They are financially stable, ensuring consistent rental income, and tend to maintain the property well. A rental agent thoroughly screens all provided documents, such as passport/ID copies, employment contracts, pay slips, and bank statements, to ensure everything checks out

Optimal ROI
Factors like location, size, condition, amenities, number of bedrooms, outdoor space, furnished or unfurnished, and the current real estate market situation influence the market-appropriate rent. A rental agent, experienced in considering all these factors, helps optimize your returns and prevent vacancies.

Knowledge of laws and regulations
Dealing with numerous rules and requirements in property rental can be overwhelming without experience. A rental agent is familiar with all current laws and regulations, saving you from extensive research. For instance, they understand the nuances of rental contracts, whether for a definite or indefinite period, and the legal notice period.

Property management
Many rental agents offer property management services, handling both financial and technical aspects. This means the owner is relieved of all financial and technical responsibilities, with the manager acting as the point of contact for tenants. This saves you as the owner a lot of time and effort. Typical tasks within financial management include collecting monthly rent, preparing settlements for gas/water/electricity, and handling the annual rent indexation. Technical management primarily involves processing repair requests, conducting periodic inspections at the property, and assisting in the quotation process for major maintenance.

CONS

Costs
The primary disadvantage of renting out your property through a rental agent in Eindhoven is the associated costs. Typically, a rental agent charges one month's rent for property leasing. Additionally, monthly property management fees range from 6% to 10% of the rent.

WANT TO RENT OUT YOUR PROPERTY FOR FREE?
Extate Housing is the most beneficial rental agency in Eindhoven and its surroundings. We are the only agency that offers free mediation for properties under €1,500, provided that we also handle the financial and technical management. For properties above €1,500, there is a one-time mediation fee of 65%.

Monthly fees for financial and technical property management are 6%, this includes:

Financial management:

• Monthly invoicing and collection of the rent, which is always transferred to the owner on the 5th working day of each month;
• Preparing monthly settlements;
• Monitoring payments and rental arrears;
• Sending payment reminders and, if necessary, contacting a collection agency;
• Managing and ultimately settling the security deposit;
• Annual indexing of the rent;
• Preparing settlements for the costs of gas/water/electricity and/or heating costs.

Technical management

• Conducting interim inspections after the rental (the first one after 3 months);
• Conducting initial and final inspections;
• Serving as the point of contact for tenants regarding complaints, technical malfunctions and emergencies and handling them;
• Fast and properly handling issues with our own technical department for competitive prices; We immediately handle jobs until €100, we always ask your permission first for jobs above this amount
• Managing the keys;
• Timely informing tenants about planned maintenance work;
• Checking completed work and providing feedback to the tenant and owner;
• Requesting quotes and verifying received invoices;
• Processing rental terminations;
• Supervising the rented property(ies).

Curious about the possibilities?
We are happy to schedule a free and non-binding appointment (either at the property or at our office) to further explain our services, answer all your questions and provide you with a rental price estimation.