CLIENTS REVIEWS
CLIENTS REVIEWS
What our clients say...
What our clients say...
MANAGEMENT
THE TRUTH ABOUT PROPERTY MANAGEMENT is that most residential investment properties are managed by traditional real estate agencies whose core business and main focus is selling and renting properties, not managing them. Real Estate agencies cannot provide a superior property management service if they don't focus on it as we do. We know this from our clients and previous experiences.
- Learn how much your property is worth.
- Find out how to earn more in monthly rent.
- See if your property fits our portfolio.
OUR EXPERTISE
For your peace of mind
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LETTING + MANAGEMENT
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SOLO MANAGEMENT
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VACANT PROPERTIES
If you're looking for a results-focused, stress-free property management solution, you've come to the right place. Not only we understand the importance you place on communication, we also know that you expect the best possible rents with the lowest possible down-time. And by our experience, the only way to truly achieve this is to have your property managed by a specialist in property management.
Our mission is simple; firstly, to take the hassle out of owning an investment property, secondly to maintain the property condition to top standard and thirdly to help owners achieve the very best return on their investment.
When you consider the time and skill involved in marketing a property, finding the right tenants, managing payments, conducting inspections, resolving disputes and pursuing your interests, you quickly realise that property management is a full-time role that simply can't be done effectively by agents who are only part focused on the job.
We offer a full range of property management services tailored to you as an investor, homeowner, or landlord. We manage portfolios of apartments, single-family homes, townhouses and commercial properties within the Amsterdam and Amstelveen area.
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24/7 maintenance request handling
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Prompt response to tenant requests
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High occupancy rate
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Low time on market
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Industry specific local knowledge
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Trusted partner in real estate
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No hassle management
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Automated owner statements
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Online Owner Portal Access
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Industry leading marketing tools
OUR TECHNOLOGY
Always be up-to-date, wherever you are, on your desktop, or mobile via iOS and Android
PMA uses the latest technology in order to keep you always up to date. Why use the app?
The app will give you access to all information regarding your properties, tenancies, documents, financial statement as well as additional information and functionality. This will give you the confidence to see how well your asset is being looked after
To gain access, you will need to have been invite by your property manager
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Can a landlord give notice?The tenant is largely protected in the Netherlands against termination of the lease by the landlord. The landlord can only terminate the rent in a number of cases, which are accurately described in the law. The most important cancellation grounds are: -the landlord urgently needs the leased property for his own use; -parties have agreed on a fixed-term rental agreement Model C , whereby it has been agreed that the landlord will occupy the property afterwards.
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How do I give notice?Landlord: If the landlord believes that he has a good reason to terminate the lease, he must do so by means of a registered letter or a bailiff's writ. He must state the reason for the termination. And he must observe a notice period. For a landlord this amounts to a minimum of three months. Plus one month for each year that the tenant has lived in the rental property, with a maximum of six months in total. Tenant: The tenant, who wants to cancel the rent, has a notice period of one calendar month, assuming that the rent is paid per month. This cannot be deviated from by contract. In many cases it is possible to agree on a minimum first lease term during which the tenant and / or the landlord cannot cancel the rent. It is also possible to deviate from this, for example if the work of the tenant is moved at least 50 or 100 km from the rented property. This is called a diplomatic clause for the tenant
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What types of rental agreements are there?Until 1 July 2016, it was only possible to conclude temporary rental agreements in a limited number of cases. Since that date, the possibilities for this have been considerably expanded. PMA uses since then four models for rental agreements: -Model A: the rental agreement for an indefinite period; -Model C: the rental agreement for a definite term (whereby the landlord will occupy the house afterwards); -Model D: the rental agreement on the basis of the Vacancy Act (when a home is for sale). These four models all relate to the rental of independent living space. In addition to these four models there are separate rental agreements for a.o. a houseboat, a landlady agreement or a campus contract. These agreements have different regulations.
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Can I mention an ‘all-in rent’ in a rental agreement?If the landlord, apart from the living space, provides service to the tenant, then it is recommended that all these forms of service are mentioned in the rental agreement. This may include the supply of energy, water, cable television, internet services, hot water, upholstery, furniture, et cetera. A tenant in the social sector has the right to have these service costs assessed by the tenancy committee. The tenant in the free sector also has that right, but for this he cannot go to the tenancy committee, but to court. Only the actual costs that the landlord has, may be passed on to the tenant in the service costs. Only the home owners association costs (V.V.E. costs ) for the services the tenant actually uses, can be passed to the tenant, such as elevator costs, window cleaning, cleaning of general areas etc. The calculation method of upholstery and furnishing provided by the landlord to the tenant is as follows: first the so-called use value is appraised. Then the total amount involved is divided by 60 (= 5 years of 12 months).
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Can I rent out my house in the free sector?Houses with an initial basic rent of more than € 737,14 per month (price level 2020) are in principle liberalized and can be rented out in the free sector. This means that the housing valuation system (also known as the points system) does not apply to this and the tenancy committee is not authorized to judge the rent. There is, however, an important exception. The tenant always has the right to request, within six months after the start of the lease, the tenancy committee to determine how many points the property is worth. If the property is worth 146 points or more (this point may be subject to change in the future), then the house is liberalized and the tenancy committee does not give an opinion on the rent. However, if the tenancy committee determines that the property is worth less than 145 points, then the points system still applies. The tenancy committee will then determine the rental price from the start of the lease on the maximum rental price according to the housing valuation system. However, a different term applies to a fixed-term rental agreement, Model B. With this agreement, the tenant has up to six months after the end of the rental agreement to start a procedure with the tenancy committee for the assessment of the initial rental price. The law does not clearly state whether it means 'after the agreed (first) rental period' or, if the rent is extended, at the end of the rental agreement. If the property is worth less than 142 points (2020), but the tenant fails to go to the tenancy committee within the aforementioned period, the property is liberalized for this tenant if the agreed rental price is above the liberalization limit.
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How does the annual rent increase work?The yearly rent increase is only calculated on the rent, not about additional deliveries such as gas, water and light. In the Netherlands, most landlords increase the rent on 1 July, but it is allowed to deviate from that. As long as the rent is only increased 1 x per 12 months. In the social sector strict rules apply to the annual rent increase. The government determines what the maximum rent increase may be, based on the tenant's income. Other rules apply in the free sector. The landlord may determine himself, to a certain extent, how much the annual rent increase is. This depends on the determination that has been included in the rental agreement. A number of options are possible: An indexation clause; the rent is annually increased by a percentage that can be derived from the inflation figures of the Central Bureau of Statistics (CBS). The rent then goes up with the average price development in the Netherlands. A storage percentage; the rent goes up with the price index for consumers plus a storage percentage. A market rent determination; the market rent stipulates that after a few years the rent can at once be increased sharply to bring the rent in line with market-based rents for comparable houses. If the landlord applies this clause, he must substantiate the rent increase based on comparable housing in your neighbourhood. No clause for rent increases has been included; in that case the landlord may propose any rent increase. A tenant does not have to agree with the proposed rent increase, but then the landlord can go to court. If the judge finds the rent increase nonetheless reasonable, then the tenant gets the choice to pay the extra rent every month. Otherwise the lease will be terminated. Only the court can terminate the rent. For rent increases in the free sector, moreover, the following rules apply: The rent may be increased once every 12 months; An interim rent increase is only permitted after improvement of the home; The landlord does not have to inform the tenant, as in the social sector, within a certain period of time about the rent increase; The landlord may cancel a rental agreement if the tenant refuses to pay the rent increase.
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Is an Energy Label mandatory when renting out?Yes, when renting out a living space it is mandatory to present a definitive Energy Label to a new tenant. A tenant can thus see how energy efficient a home is. If a landlord cannot present a definitive Energy Label at the start of the lease, he / she will risk a fine up to € 450. Incidentally, an Energy Label is only mandatory when renting out entire houses. If you rent out a separate room in your home or a student room, an Energy Label is not mandatory.
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Can I rent out my house to house sharers?In some municipalities, including Amsterdam, house sharing is very popular due to the high rental prices. Houses with multiple bedrooms are then rented by a group of individuals, such as friends or colleagues. Pleasant, because it allows the rent to be shared, you can rent a big house together and you always have company. According to the municipality of Amsterdam, house sharing is deemed if a property is inhabited by more than one household. A household is a single person or 2 (adult) persons with or without children, who have a joint household conduct. If a property is occupied by 2 perons (regardless of their mutual relationship or the absence of it) it is therefore normal habitation. This is not house sharing. From 3 persons (not being parent(s) with children) it is house sharing. However, the municipality of Amsterdam has drawn up policy rules that seriously limit this form of rental. From January 2020 a maximum of 2 home sharers may rent a house together if the landlord does not have a conversion permit. Do you currently rent out to 3 or more home sharers and do you want to maintain that situation and legalize it through a conversion permit? Then apply for the permit. Be aware that you will then have to rent out per room, give each tenant an individual rental agreement as of April 2020 and a separate room is guaranteed to have insufficient points to rent out in the free sector. With room rental you are suddenly bound to the points system. Tenants can then go to the tenancy commission to lower the rent if you ask too high a rent. Do you not apply for a conversion permit, but do you rent to 3 or more people in 2020? Then you run a risk of a high fine.
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Am I insured if I rent out my house?If you rent out your house or apartment, you run the risk of damage. For example, a leak can occur. This leakage may not only result in damage to your own home, but also to that of your neighbours. It is therefore important that you are well insured when you rent out your home. So check the conditions of your insurance policy in advance. For example, some insurance companies do not permit temporary letting. As home owner you must ensure that your home is insured against fire or damage from outside, the building insurance (in Dutch; opstalverzekering). If you are a member of an Association of Owners (V.V.E.), this is arranged collectively. A 'rental clause' is often included in this insurance. This means that the building insurance policy is also valid if you rent out your house. Are you not a member of an Association of Owners? Then read your insurance policy extra carefully and if necessary switch to a different insurance. If you rent out the house furnished, you need an inventory insurance. Not to be confused with a contents insurance. The contents insurance is usually not valid on rental, because the policy is in your own name. Therefore, transfer this contents insurance to an inventory insurance, which applies to rental.
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What are the tax consequences when I rent out my house?As a home owner in the Netherlands you are entitled to a mortgage interest deduction. However, if you rent out the house, this will have consequences for your mortgage interest deduction. During the rental period the property falls into box 3 (income from savings and investments), so mortgage interest deduction is not possible. You then pay capital tax on the rental income and on the value of the property. If you are going to live in the house again after the rental, you will again be entitled to mortgage interest deduction. Provided you have not rented for more than 5 years. Because then the right to mortgage interest deduction will lapse. Always be well informed by a tax advisor, so that you will not be faced with surprises.
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How do I change the management of management company?Simple! If you currently have a property managed by another agent and for any reason would like to change over to PMA (Property Manager Amsterdam), all you have to do is find out what clause is in your contract for leaving your property management company and act accordingly, we can aid you with this by contacting them direct. If you choose to have us manage your investment property we will organise for your tenants to be notified and for the keys to be collected from your managing agent. Everything else carries on as usual. Changing your managing agent couldn't be easier.
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What do I do if I want to sell my property?If we currently manage your property and you are looking to sell (or even if we don't and you are looking to sell), your choice of agent is critical in ensuring you get the best price in the sale. Many of our clients live out of the area and don't have relationships with selling agents in the area that their property is located in. Fortunately we can help...We specialise in renting properties but have a vast referral network so that we can easily put you on to the best agent to sell your home no matter what area it is located in. Just call us and we'll put you in touch with the right people. Our goal is to help you get the very best return on your investment and that extends to ensuring that the best possible price is achieved when you want to sell.
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How is PMA tenant selection process?- Basic personal details - Interview at viewing - Details of your current and past addresses - Details of rental history including rental references - Personal and professional references - Identification: - ID or passport - Employment details or proof of income - Last two pay slips - Employment contract
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How often will PMA carry out inspections?As a rule of thumb, we normally inspect a property prior to the check in and 3 months before the check out. So if you're on a 6-month lease, you'll likely have one inspection, and if you signed a 12-month lease with management, expect two inspections, depending on your service package. In any case, we'll give the tenant plenty of notice advising when we'll inspect it, and give a 2-hour time-frame of when we'll enter. Tenant can choose to be there, but it's not necessary. For more information and a very extensive dossier on property leasing, we are happy to refer you to the website and the rental dossier of the Dutch government: www.rijksoverheid.nl
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