Layton Realtor

by Arthur Chapman

Odessa apartments. Apartment rental enterprise in Odessa Ukraine.

Article by Frank Mitchell

Odessa Ukraine The Ukraine is the country of former Soviet Union, which got independence in 1991. During 70 years of Soviet power it was not easy for foreign travelers to visit Ukraine due to cold war and iron curtain. Since 1991 the Ukraine attracts many tourists. Everybody is trying to discover Ukraine to see what was hidden from the world during 70 years. Actually the world knows about “West” and about “East” but the world almost knows nothing about small Nations, which are living between “West” and “East”. These Nations have cultural features of western and eastern cultures and Ukraine is something special where eastern and western cultures are united into one culture. This “something special” attracts many tourists. Dating is one more reason why foreigners visit Ukraine, and, of course, business is the third largest reason why foreigners visit Ukraine. The Ukraine is the only country in Europe where is still possible to get rich fast. The opportunity to get rich fast attracts many businessmen to Ukraine. Major cultural, trading and business centers of Ukraine are Odessa region with Odessa city, which is the capital of Odessa region and Kiev city, which is the capital of Ukraine. Let’s fix attention on Odessa city first. Odessa city is located in the South of Ukraine, on the coast of The Black Sea. It’s the major trading center in Ukraine. Almost all import to Ukraine as well as Ukrainian export is coming through Odessa Sea port, which is the largest in Ukraine. Long summer, short and warm winter and the Black Sea attract many tourists to Odessa in Ukraine. The population of Odessa is about 1.100.000, which is increased in summer up to 4 million people. That is why apartments rental business is extremely popular business in Odessa Ukraine. Odessa apartmentsTheoretically this 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… 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 apartments 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 Odessa apartments rental companies compete with Odessa 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 OdessaApartment 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. Odessa Apartmentsodessa apartments

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