Hybrid Property Subleasing – The New Management Solution from Maryland Property Services
The category of Hybrid subleasing serves as an intermediary solution between tourist exploitation and classic property management. In this case, Maryland Property Services fully takes over the management of your property, without any involvement or financial burden from the owner. This means the owner enjoys a guaranteed, stable income while our company handles all processes, from renovation to management.
What is the difference?
Unlike classic leasing or tourist exploitation, the owner has no managerial role and does not participate in any decisions or expenses. This solution is ideal for properties in poor condition or in difficult-to-exploit areas, where owners lack the ability or willingness to undertake upgrades and management.
How the Hybrid Subleasing Process Works:
Benefits for the Owner:
This innovative approach allows owners to maximize the potential of their property without bearing the responsibility of management and expenses. Maryland Property Services guarantees long-term contracts and comprehensive management, ensuring both optimal performance and the preservation of your property’s value.
Let’s assume you have a property of about 60 square meters, which rents for €600 per month on the market. We offer you €450 per month for 5 years.
You might not realize that with the €150 difference, you are purchasing stability, guaranteed income, and zero risk of losing more money. If you rent it to an individual for €600 per month, potential damages, depending on the type of tenant, could cost you much more.
A zero-risk tenant leaves without unpaid rent or damages, and even pays for the repairs they left behind, amounting to €1,000. However, even in this case, there are expenses:
So instead of collecting €600 per month, you would actually collect only €350, meaning your loss is €100 per month more than the €150 you would lose with our offer. The total annual loss compared to our offer: €1,200.
The medium-risk tenant does not leave unpaid rent but leaves unpaid bills for water and common expenses, and offsets the deposit with the last month’s rent, leaving the repairs unpaid. The additional expenses are:
So instead of collecting €600, you collect only €225.83, meaning you lose €224.17 per month in addition to the €150 from our offer. Total annual loss: €2,690.04.
A high-risk tenant does not pay rent, leaves unpaid bills, and causes damage to the property. Additionally, they offset the deposit with the last month’s rent. The additional expenses are:
So instead of collecting €600, you lose €57.50 per month, meaning your loss is €507.50 more than the €150 from our offer. Total annual loss: €6,090.
