Question 1

How can I manage my property remotely?

Accepted Answer

RUSTAVELI PROPERTIES offers comprehensive management: rental placement, rent collection, maintenance, tax management, and monthly reporting in English. The fee ranges from 15 to 20% of the gross rent, depending on the rental format (long-term or short-term).

Question 2

What rental yield can I expect in Tbilissi?

Accepted Answer

A long-term rental in Tbilissi generates 6 to 8% net, while a well-managed short-term rental can reach 8 to 12% net. Central districts (Vera, Vake, Sololaki) offer the best stability.

Question 3

What yield can I expect in Batumi?

Accepted Answer

Short-term rentals in Batumi can achieve 12 to 16% net during the high season (May to September) for beachfront properties. Long-term rentals remain lower at 4 to 5% net due to seasonality.

Question 4

Do I need to furnish my property for rental?

Accepted Answer

Yes, the Georgian market expects fully equipped accommodation. Complete furnishing costs 5,000 to 12,000 USD depending on the size and significantly determines the rental price and occupancy rate.

Question 5

How long does it take to find a tenant?

Accepted Answer

2 to 4 weeks in Tbilissi for long-term rentals, 24 to 72 hours for short-term during the season. RUSTAVELI PROPERTIES contractually guarantees rental placement within 30 days.

Question 6

Does the tenant pay a security deposit?

Accepted Answer

Standard practice is one month's security deposit + one month's rent in advance. Long-term leases are for one year, tacitly renewable, with one month's notice for the tenant and two months for the landlord.

Question 7

How are rent defaults managed?

Accepted Answer

The eviction process takes 3 to 6 months. RUSTAVELI PROPERTIES screens tenants (KYC, income verification) and offers a rent default guarantee backed by local insurance for 3% of the annual rent.

Question 8

What occupancy rate should I aim for on Airbnb?

Accepted Answer

A well-positioned property in Batumi should aim for 70% annual occupancy, and in Tbilissi, 65%. A poorly managed property can drop to 40%, effectively halving the yield.

Question 9

Is the Booking platform more profitable than Airbnb?

Accepted Answer

Airbnb dominates in Tbilissi (60% of bookings), while Booking is more prevalent in tourist areas of Georgia (65% in Batumi). An optimized multi-platform strategy maximizes revenue by 15 to 20%.

Question 10

Who pays the condominium fees?

Accepted Answer

The owner bears structural costs (reserve fund, facade, elevator), while the tenant covers utility costs (water, electricity, internet). The breakdown is stipulated in the lease agreement.

Question 11

What occupancy rate should I aim for in Tbilissi?

Accepted Answer

In Tbilissi, the target occupancy rate varies from 60 to 80% depending on the season. RUSTAVELI PROPERTIES provides a quarterly business plan with RevPAR and occupancy rate objectives.

Question 12

What occupancy rate should I aim for in Batumi?

Accepted Answer

In Batumi, the target occupancy rate varies from 60 to 80% depending on the season. RUSTAVELI PROPERTIES provides a quarterly business plan with RevPAR and occupancy rate objectives.

Question 13

What occupancy rate should I aim for in Gonio?

Accepted Answer

In Gonio, the target occupancy rate varies from 60 to 80% depending on the season. RUSTAVELI PROPERTIES provides a quarterly business plan with RevPAR and occupancy rate objectives.

Question 14

What occupancy rate should I aim for in Gudauri?

Accepted Answer

In Gudauri, the target occupancy rate varies from 60 to 80% depending on the season. RUSTAVELI PROPERTIES provides a quarterly business plan with RevPAR and occupancy rate objectives.

Question 15

What occupancy rate should I aim for in Koutaïssi?

Accepted Answer

In Koutaïssi, the target occupancy rate varies from 60 to 80% depending on the season. RUSTAVELI PROPERTIES provides a quarterly business plan with RevPAR and occupancy rate objectives.

Question 16

What occupancy rate should I aim for in Kobuleti?

Accepted Answer

In Kobuleti, the target occupancy rate varies from 60 to 80% depending on the season. RUSTAVELI PROPERTIES provides a quarterly business plan with RevPAR and occupancy rate objectives.

Question 17

What is the average rent for a furnished studio?

Accepted Answer

A furnished studio rents based on the city: from 350 to 600 USD/month in Koutaïssi up to 1,200 to 2,500 USD/month for a premium studio in Tbilissi or Batumi.

Question 18

What is the average rent for a furnished 1-bedroom apartment?

Accepted Answer

A furnished 1-bedroom apartment rents based on the city: from 350 to 600 USD/month in Koutaïssi up to 1,200 to 2,500 USD/month for a premium 1-bedroom apartment in Tbilissi or Batumi.

Question 19

What is the average rent for a furnished 2-bedroom apartment?

Accepted Answer

A furnished 2-bedroom apartment rents based on the city: from 350 to 600 USD/month in Koutaïssi up to 1,200 to 2,500 USD/month for a premium 2-bedroom apartment in Tbilissi or Batumi.

Question 20

What is the average rent for a furnished 3-bedroom apartment?

Accepted Answer

A furnished 3-bedroom apartment rents based on the city: from 350 to 600 USD/month in Koutaïssi up to 1,200 to 2,500 USD/month for a premium 3-bedroom apartment in Tbilissi or Batumi.

Question 21

What is the average rent for a furnished penthouse?

Accepted Answer

The rent for a furnished penthouse varies by city: from 350 to 600 USD/month in Kutaisi up to 1,200 to 2,500 USD/month for a premium penthouse in Tbilisi or Batumi.

Question 22

What is the average rent for a furnished duplex?

Accepted Answer

The rent for a furnished duplex varies by city: from 350 to 600 USD/month in Kutaisi up to 1,200 to 2,500 USD/month for a premium duplex in Tbilisi or Batumi.

Question 23

How to choose a rental manager?

Accepted Answer