Odessa Apartments

Odessa Apartments

Posted on: March 1, 2011

Theoretically apartments rental business is divided into 2 branches: apartments for monthly rent and short stay rentals.

Monthly rentals in Odessa

Apartments for monthly rent are operated by real estate companies and agents, which offer accommodation both for monthly rent and for sale. Real estate companies charge customers monthly fee of rent. The example is if you rent apartment for 6 months at the price $700 per month you’ll be charged $700 fee for real estate services. If you take this apartment only for one month you’ll be also charged monthly fee $700. Keep also in mind that security deposit (monthly rate) is taken. The security deposit is refunded on check out if the apartment is in the same condition when you check in. Electricity, hot and cold water, internet access, cable TV rely on customer. It’s complicated to rent apartments directly from owners because owners do not advertise apartments due to expensive advertising cost. Owners simply contact real estate agencies and ask them to push their apartments. And real estate agents’ machine starts working…

Daily and weekly rent

Short term rentals (daily and weekly rent) are managed by so called “apartments rental agents”. As a rule these companies are small, they do not own apartments. They rent apartment on yearly basis and than offer them for weekly and daily rent. Daily and weekly rent is more expensive than yearly rent but cheaper than hotel rooms. This way apartments odessa rental companies compete with odessa ukraine hotels and make profit on the price difference between daily and yearly rates. It often happens that real estate companies contact apartment rental companies and propose them to rent apartments on yearly basis and apartment rental companies are always happy to rent nice, well located and not expensive apartments for long term rent. This way normal seekers of apartments in Odessa are available to rent only those apartments, which are declined by apartment rental companies due to poor quality, bad location or high price.

Buying apartments Odessa

Apartment rental companies avoid buying apartments. The reason is monthly rent gives the owner of the apartment about 6% yearly income while Ukrainian banks offer from 15% up to 24% (yearly) deposits. Buying apartment in Odessa is long term investments, which are very good but apartment rental business is small business. It’s not interested in long term investments.

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odessa apartments

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