Apartments “The Book” - More income
“Long-term rent did not allow us to bypass the return on bank deposits for investments made. In order not to give up on investments, I decided to contact the management company FLAT INN. Having entrusted one of the apartments, I was convinced of the effectiveness of our work and two months later I transferred the second property to management.”
Vladimir, a professional investor, purchased 2 apartments on the 23rd floor of the legendary book house on Novy Arbat.
Target:
Receive returns from real estate higher than bank deposits.
Decision:
Daily rentals managed by FLAT INN with impeccable quality of guest service ensured almost 100% occupancy of Vladimir’s apartments, and a smart pricing system based on artificial intelligence maximized profits. Also important was the aspect of the lowest commission on the market for full management of 15%, which allowed us to achieve our goal!
Result:
Before contacting FLAT INN, income from apartments was at the level of 180-200 thousand per month. Now it is a stable 300+, reaching up to 400 thousand per season! Which provides a 20% return on Vladimir’s investment!
Moscow, Arbat street 15
The “book house” at 15 Novy Arbat was intended to become not just a “house of high culture of life”, but a new class of housing - a “hotel-type house”. Today, the long-awaited re-release of the “book house” offers a new reading of the original intentions of the authors. The infrastructure of the new building includes 24-hour security and concierge service, restaurants and bars, and services. The advantages of the complex include its location near cultural sites of the capital: the Literary Museum, the House-Museum of M.Yu. Lermontov.
Transport: metro Arbatskaya, metro Smolenskaya
