Long-term flat rental – advantages

Bank deposits are not currently the best way to earn money, because interest rates are so low that very little extra money accumulates. If you have a larger sum of cash, a much better solution is to invest in property, which can later be put up for rent. Flats to rent are in huge demand both in big cities and in those with a relatively small population, and they are an excellent way of earning money.

Some people buy flats with the intention of renting them out, while others come into possession of a new property, for example through inheritance, and then wonder what to do with it – sell or rent? If we do not need cash at the moment, renting out the flat will definitely pay off more, because it is a kind of investment. Flat prices have been rising steadily for some time, which means that we certainly will not lose, and can only gain. And quite a lot. Rental prices for flats in Katowice depend on the district, floor area and standard. But over the course of a year we can earn, on average, a dozen or so thousand PLN.

Advantages of long-term rental

Every change of tenants is a kind of risk, because we do not know who we will get, whether the person with whom we signed the tenancy agreement will fulfil all its terms, pay the rent on time and not draw complaints from neighbours, for example because of loud parties or quarrels. This is always an unknown. That is why some flat owners prefer to rent out their properties for a longer period. Letting a flat long-term gives the owner a greater sense of security and removes the need to get involved in matters connected with the flat. Once a year, or even less often, they sign an agreement and, if the tenant reports no breakdowns, that is where their role ends. And the agreed sums arrive in the account every month, ensuring a decent profit and stability. A long-term tenancy agreement is usually concluded for several months, and sometimes even years. When drawing it up, you must remember to include a clause setting out the conditions for termination.

Flats for students

Multi-room flats and studio flats to rent in Katowice are in great demand among students. So as not to have to move every so often, they are happy to rent for the whole period of their studies. Renting rooms is popular among students. If we have a large property, renting the flat to several people who will have separate rooms and share only the kitchen and bathroom is a way of multiplying our profits. Because by renting out rooms we will earn more than if we rented the whole flat to one family.

Long-term flat rental is certainly a far more convenient option than short-term rental, which involves constantly looking for a new tenant, showing the property and devoting a great deal of time to it. Another advantage of this kind of rental is that the flat does not have to be fully furnished, because many people moving in for a longer period want to set things up their own way.