09:00 – 17:00

Monday to Friday

Tallinn

Laki 25-441

+372 555 490 24

Welcome to Earn and Invest website!

09:00 – 17:00

Monday to Friday

Tallinn

Laki 25-441

+372 555 490 24

Kotka 1

Investment project. Kotka 1

Customer situation

  • Available 30.000 eur for initial investment from sale of the summer house
  • No experience in long term rent
  • Wish to get additional to pension income

Customer expectations

  • Customer initially did not consider Tallinn because of low funds
  • Expected rental income min 180 eur per month

During first consultation we found out

  • Customer needs support in rental property management (foreigner) including initial preparation of apartment (furniture, staging)
  • Tallinn rental market provides opportunities for 200+ eur monthly income from invested 30.000 eur

Rental strategy was selected as most appropriate for the customer

  • 12 m2 apartment was selected for investment due to high demand on rental market and fit of customer funds Vs rental income

During first consultation we found out

  • 01.06 – Incoming request
  • 02.06 – Initial consultation over phone to define optimal strategy
  • 06.06 – Sample of suitable apartments sent to customer
  • 21.06 – Negotiations with seller about terms after customer confirmed selection
  • 11.07 – Notary agreement signed
  • 15.07 – Furniture and staging organized
  • 16.07 – Home staging and photo to prepare advert
  • 18.07 – Tenant was found and deposit was recieved

Apartment after Home staging

During first consultation we found out

  • From initial customer request till tenant was found only 1,5 month
  • Our partner organized preparation of apartment for rent

–Needed furniture purchased and assambled

–Home staging to increase value and attractiveness

  • Big interest within target group to rent the apartment
  • Agreement with selected tenant was signed after 3 days from advert appeared on estate portals

Rental conditions

  • Monthly Rental fee: 250 eur
  • Deposit: 500 eur

Customer

Return on investment – 9,8%

Financial prediction - Kotka 1

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