Property Management Budapest
Midas Property Management provides comprehensive property management services for property owners in Budapest. From finding the right tenant, drafting contracts, and daily tenant communication to financial administration, maintenance, and owner representation, we handle all property-related tasks in one place. You remain the owner. We manage the daily operations.
Full-service property management
Managing a rented property is about much more than just finding the right tenant. It requires continuous communication, administration, financial monitoring, technical coordination, and quick problem-solving. Midas aims to take all of this off the owner's shoulders — eliminating the need to coordinate separately with tenants, technicians, cleaners, building managers, and utility providers. One point of contact. One transparent system. Full property management.
Our Services
Comprehensive property management in six pillars
We provide professional real estate services, helping our clients with property leasing, operations, and daily administration.
01
A successful lease does not end with handing over the keys. We manage the entire process from coordinating with potential tenants to signing the contract and maintaining contact during the rental period — including negotiating lease terms, coordinating the preparation and signing of the contract, tenant vetting in compliance with legal regulations, ongoing tenant communication, monitoring compliance with contractual obligations, managing late payments, and, if necessary, coordinating the termination of the tenancy. The contract explicitly covers the signing of lease agreements and the management of their amendments, monitoring rental fees, managing late payments, and supervising compliance with contractual obligations.
02
Ongoing property management
We manage the property even when you are not present. Throughout the rental period, we continuously monitor the condition of the property and handle day-to-day operational tasks: from the handover and the handover-takeover protocol, through photo documentation and property inventory, to periodic inspections, move-out checks, as well as documenting damages or deficiencies and coordinating the replacement of missing items. Upon handover, Midas documents the condition of the property and creates a photo inventory, then, at the end of the rental period, inspects the property in comparison to its original condition.
03
Maintenance and technical management
A malfunctioning air conditioner, heating issue, or unexpected repair does not require the owner to search for separate specialists and coordinate appointments — we coordinate the property's technical matters and the necessary professionals. This includes regular property inspections, organizing maintenance work and coordinating repairs, managing technicians and specialists, seasonal checks of the air conditioning and heating systems, arranging mandatory technical inspections and chimney sweeps, as well as coordinating minor repairs and replacing furniture and appliances. The contract also includes a quarterly general property inspection and, among other things, organizing seasonal checks for the heating and air conditioning systems.
04
Renovation and property preparation
Between two rental periods, there is often a need for minor repairs, painting, furniture replacement, or even major renovations — if required, we coordinate the entire process, from assessing renovation needs and cost estimation, through preparing quotes and coordinating contractors, to painting, furniture and appliance replacement, minor modifications, or even complete renovations, and finally, preparation for the new tenant and organizing the cleaning. The contract allows for the organization of ad-hoc maintenance and renovations, subject to prior cost estimation and owner approval.
05
Financial and utility administration
We also take care of the financial side of property management: we track rent payments, manage property-related expenses, and prepare regular financial statements for the owner. This includes rent invoicing and monitoring incoming payments, utility bill management and utility meter reading recordings, monthly financial reporting, organizing invoices and financial documentation, digital document storage, and administration with utility providers. Every month, the owner can receive a detailed statement of utility, maintenance, cleaning, condominium, and other property costs, among other things.
06
Owner representation
We represent you and the interests of your property locally — this is especially important for owners who do not live in Budapest or Hungary. Based on an appropriate power of attorney, we can act in condominium administration matters, maintain contact with the building manager, represent you at the homeowners' association meetings, handle utility and service provider affairs, insurance-related tasks, specific administrative matters, postal mail management, and generally represent the owner before third parties. Based on the owner's instructions, Midas can also represent the owner at the condominium general meeting and then report on its outcome.
We handle it even when there is no tenant
Property cannot be left unsupervised even between tenants. During vacancy periods, we also ensure the property remains in proper condition and operational: we search for new tenants, monitor its condition, organize cleaning and necessary technical inspections, handle utility and maintenance tasks, and prepare monthly expense reports.
Taxation and administrative support
The administration associated with renting out a property does not end with the receipt of the monthly rent. Upon request, we also provide additional administrative and tax support services — these are strictly optional, complementary services.
01
Tax representation
For individual owners, based on a separate agreement. We undertake tax representation related to property rental: the preparation and submission of the annual tax return, representation before the tax authority — even in the case of a tax audit —, quarterly or annual tax calculation, and administration related to the tax advance deducted by the tenant.
02
Taxation support administration
For those who work with their own accountant or tax advisor. We organize financial data, prepare summaries and organized receipts that can be handed over to the accountant, complemented by digital document storage.
Five reasons why you can trust us with your property
01
A contact
You do not need to coordinate separately with tenants, technicians, cleaners, building managers, and service providers. We coordinate the entire process.
02
Comprehensive treatment
From finding the tenant to moving out, we accompany you through the entire rental lifecycle of the property.
03
Local presence in Budapest
We personally handle situations that cannot be resolved effectively from a distance.
04
Transparent finances
Regular financial reporting and documented expenses support owner control.
05
Owner representation
During interactions with the tenant, the residential community, utility providers, and other stakeholders, we represent the interests of both the property and the owner.
Those we can help the most
01
Those who want to rent out their apartment under professional management.
02
For owners living abroad
For those who need a reliable local partner in Budapest.
03
For investors
For those who manage multiple properties and want to reduce operational tasks.
04
For owners of premium properties
For those looking for a professional service that matches the value of the property and the expectations of the tenants.
Property management throughout the entire rental lifecycle
01
Property assessment
We get to know the property, the owner's goals, and the terms of the lease.
02
Tenant search
We will find the right tenant and manage the inquiries.
03
Contract and handover
We coordinate the contracting, document the condition of the property, and hand it over to the tenant.
04
Continuous treatment
We maintain contact with the tenant and manage financial and technical matters.
05
Moving out
We will check the condition of the property and terminate the lease.
06
Next tenant
If necessary, we maintain, prepare, and re-market the property.
