Property Management

Goodson & Red offer landlords a professional letting and management service here in Tallinn.

For landlords who prefer a hands-off approach to their property portfolio our management department will take care of everything to make your investment a success. We can market your property, find you a suitable tenant, organise contracts and manage your property (including arranging maintenance etc.) too.

Our commitment to you - Goodson & Red Property Management will take care of your property, giving you total peace of mind, whilst maximising your income.

Our aim is to serve the landlord, by providing a comprehensive service package - handled by helpful staff who are committed to your needs.

Level of Service Options

a. Tenant Introduction - If you would like us to just introduce a tenant then we can organise this. We will advertise on your behalf, seek a suitable tenant and professionally vet them. We will also prepare a professional and legal tenancy contract. At the end of the term we´ll also be happy to organise any change of tenant and handovers.

b. Full Management - We will advertise your property, professionally vet and secure a tenant, handle all repairs subject to your approval, check-in/check-out tenant, inventory, maintain tenant communication, consult utility suppliers as required, regularly inspect the property and advise you on its condition so that you can closely monitor your asset.

Initial Advice

After your visit to our offices or just a telephone call, we will come and visit your property. We will carry out an inspection and provide you with advice on the current rental value, guidance on the condition of the property, advice on decor and facilities and give general advice on the legislation that is now in operation for letting properties. We will also discuss our range of services - hopefully the start of a close working relationship.

Need to speak to an overseas property expert?

We have property experts on hand to answer any questions you have about property management or letting. Please do not hesitate to fill in the request or send us an email to info at goodsonandred dot com

Read more about our property management service...

The Services We Offer:

Securing a Tenant - our service is to match suitable tenants to your property, through advertising and through our excellent contacts with industry, banks, medical, military and many other professions. All our tenants must offer bank, lawyer/employer references. We will arrange a short list of suitable tenants to view your property. On establishing the right tenant we will deal with the necessary formalities as quickly as possible.

Professional Vetting - we use a professional independent company to carry out the necessary checks on a prospective tenant. We check their current employment, landlord and character references.

Landlord's Approval - before signing up any agreement we will seek the landlord's approval using the information available.

Preparation of Agreement - a Tenancy Agreement will he drawn up by our lawyers. It will take into account all current Landlord and Tenant legislation.

Client Account - we have set up a totally separate account for clients' monies. Your money is completely secure and accounted for separately. This is a bonded account and checked by an outside firm of accountants.

Deposit - on securing a satisfactory tenant, we will obtain a deposit for dilapidations which will be held in a client account for the duration of the tenancy.

Inventory - for a new Tenancy Agreement for unfurnished / furnished accommodation, it is advisable to prepare an inventory, listing all fixtures and fittings at the property. We are willing to prepare such a document or alternatively, we can advise you on its preparation.

Schedule of Condition - it is strongly advisable to prepare a Schedule of Condition prior to the tenant's occupation of the property. We can offer advice on the preparation of this document or alternatively, we can prepare this ourselves. We take a photo of the room and any damage is recorded.

Transfer of Utilities - for the full management service, before a new tenant occupies the property, we will arrange for all the utilities and service charges to be transferred to the new incoming tenant.

Payment of Bills and Repairs - for the full management service option, we would set up an arrangement with the landlord for the payment of necessary repairs and emergencies during the tenant's occupation. To prepare for such costs, we would recommend that the landlord sets up a 5 % of rental sinking fund, which we will hold in our client account in the event of such costs. This money will be refunded to you when the tenancy ends. If you have your own contractors we are happy that you use them. However, we do have a good local knowledge of quality tradesmen whose workmanship/charges are closely monitored.

Regular Inspections - for the full management service, we will carry out inspections of the property on a regular basis. This will take into account the condition of the property and any necessary repairs. It will also detail the tenant's comments. We will forward a copy of our report after each inspection.

At the Conclusion of a Tenancy - as and when the tenant gives notice, we will inform you immediately and discuss your future plans for the property. If necessary steps will be taken immediately to secure a replacement tenant. Once the keys have been returned, we will inspect the property with the schedule of condition and inventory as appropriate. We will make the necessary deduction from the tenant's deposit to cover any dilapidations. We will then confirm that the property is ready for the next tenant. We will work closely with the landlord to ensure there is a smooth change over.