
How to Furnish a Child’s Room Without Overspending? A Guide for Young Families
2025-03-14
Furnished or Unfurnished Rental Apartment – Which Option Is Better? Pros and Cons of Both.
2025-04-02It might seem stressful—but it doesn’t have to be if you plan everything properly. Find out how to correctly assign power of attorney and what modern solutions to use to avoid unnecessary hassle when renting out a property from afar.
Managing Your Apartment – Appoint a Representative
This could be a family member, someone you pay to look after the apartment, or a property agency. The key is to grant this person all the necessary powers of attorney so they can act on your behalf. Even if you prefer to retain control and manage everything yourself, keep in mind that not all matters can be handled remotely—like the handover of the apartment.
You can draft a power of attorney quite easily, just make sure it includes everything the person is authorized to do, such as:
- Signing the lease agreement
- Handing over the keys
- Collecting and holding the deposit
- Conducting the final inspection after the lease ends
- Representing you in communications with the tenant or agency
The power of attorney doesn’t have to be notarized, but a notarized document tends to carry more legal weight and can simplify some procedures. If in doubt, consult a notary to clarify the process.
Renting from Abroad – On Your Own or Through an Agency
This is a common dilemma for property owners living abroad. Using an agency has its pros and cons. On the plus side, you don’t have to worry about a thing. Agencies often offer comprehensive services—from finding a tenant, preparing the apartment, handling maintenance and even organizing renovations.
This can save you a lot of time. On the other hand, agencies charge a fee—typically 10–15% of the monthly rent, but for full-service management, the cost can be significantly higher. Agencies are especially useful for short-term rentals or high-end properties. However, if you’re renting long-term and have someone you trust locally, it’s worth considering whether managing it independently is more cost-effective. Another drawback is that you have to fully trust the agency to care for your property properly.
How to Simplify Long-Distance Renting
To act quickly and efficiently in matters related to your apartment, preparation is key. Make life easier for yourself by providing your representative with a detailed checklist—what they should handle before or after a tenancy, what to look out for during inspections, and how to respond to issues. It’s also a good idea to compile a list of trusted service providers who can help with repairs on short notice.
Another way to simplify long-distance renting is by using the rental deposit surety service offered by Bingo-Rent. This means you don’t need to worry about collecting or holding a deposit—Bingo-Rent provides the surety on behalf of the tenant. But the benefits go beyond that, especially if you live outside the country. Bingo-Rent also verifies prospective tenants, including their identity and financial reliability.
This greatly reduces the risk of renting your apartment to someone unreliable—something that can cause major problems when you’re managing things from a distance. What’s more, you don’t have to handle the deposit settlement yourself. If there’s damage or unpaid rent at the end of the lease, you simply report the issue in the system and Bingo-Rent manages the entire settlement process for you.
This significantly lightens the load for you or anyone helping manage the rental locally. There’s one more key advantage—according to research, apartments listed with a rental deposit surety tend to attract tenants much faster. For many people, the deposit is a major barrier to renting. So, as you can see, even if you live far from your property, renting it out can be much easier than it might seem at first.