Frequently asked questions
How much does a property manager cost in Berlin?
It varies. Fees are usually charged per flat or commercial unit each month and depend on the size and condition of the building, the type of management and the extra services agreed, such as major repairs or additional owners' meetings. Ask for a written offer that lists what the basic fee covers and what is billed separately.
What does a WEG administrator do?
The administrator of an owners' association prepares the annual budget and statement, keeps the reserve fund, organises owners' meetings and carries out their decisions. It also looks after the common parts of the building, from insurance to maintenance contracts and repairs.
Can I let my Berlin flat through a property manager if I live abroad?
Yes. Many firms offer management of individual flats, which covers finding tenants, collecting rent, preparing the service charge statement and dealing with repairs. Check how the firm reports to you, whether it has an online portal and whether it can communicate in English.