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High quality Property Management will be provided with the professional consultancy from Andra-D (www.andra-d.co.uk), a wholly owed subsidiary of Andra Ltd., which in turn is one of the longest established Management Consultancy and Management Recruitment and Selection companies in Bulgaria, set up in 1990.

The Management company is concerned with the maintenance of the common areas and the facilities of Corona Resort. The yearly costs of the management will be no more than 10 per sq.m. for the residential area. All clients will be forwarded a detailed management contract prior to the completion of the development. The company will perform the typical duties expected of a management company, some of which are listed below:

  • Caretakers
  • 24 hr security
  • Gardeners
  • Pool Maintenance
  • Life Guards
  • Electrical subcontractor
  • Plumbing subcontractor
  • Sinking Fund
  • Fire Safety Maintenance
  • Decoration
  • Lift Maintenance
  • Apartment owners can take advantage of the services of a letting company to make additional profit of their property, apart from the capital gain. The main office of the letting company will be located in the resort. The following is a typical list of duties carried out by the letting company:

  • Servicing , cleaning of rooms, changing of towels (depending on the requirements of the tour operators )
  • Electrical, plumbing and all other minor repairs
  • Maintenance of furniture and fixtures within the apartment
  • Meter readings for water and electricity
  • Transfer of rent received to an account specified by the client
  • Marketing budget for the Development

    The management company can organize the payment of the yearly property tax and this can be deducted from the rental income.

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