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		<title>Sell an apartment with a tenant: Rights, obligations &#038; special considerations</title>
		<link>https://lukinski.com/selling-apartment-with-tenant-rights-duties-special-features/</link>
		
		<dc:creator><![CDATA[Laura]]></dc:creator>
		<pubDate>Wed, 08 Mar 2023 05:04:50 +0000</pubDate>
				<category><![CDATA[apartment]]></category>
		<category><![CDATA[Law]]></category>
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		<category><![CDATA[Rent law]]></category>
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		<category><![CDATA[Sell or keep apartment house]]></category>
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		<category><![CDATA[Termination for personal use]]></category>
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					<description><![CDATA[Selling an apartment with a tenant – selling a rented condominium can be a profitable way to free up capital, reinvest tied equity, or strategically restructure a portfolio. However, the process comes with significant peculiarities: tenant rights, notice period restrictions, right of first refusal, and a significantly smaller pool of potential buyers lead in practice [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Selling an apartment with a tenant – selling a rented condominium can be a profitable way to free up capital, reinvest tied equity, or strategically restructure a portfolio. However, the process comes with significant peculiarities: tenant rights, notice period restrictions, right of first refusal, and a significantly smaller pool of potential buyers lead in practice to price reductions of 20 to 35 percent compared to selling an empty property. Find all the details about the entire process in our <a href="https://lukinski.com/sell-real-estate-property-condo-house-apartment-buildings/">Real Estate Sales Guide</a>. In this article, you will learn what rights tenants have, how to find the right buyer, what tax pitfalls to watch out for, and how to achieve a market-appropriate price despite the rental agreement.</p>
<h2>Selling an apartment with a tenant: What you need to know</h2>
<p>The sale of a rented apartment is significantly more complex than the sale of an empty property. From the protection against termination under § 566 BGB to the tenant&#8217;s right of first refusal (§ 577 BGB) and up to the waiting periods for termination due to personal need (§ 577a BGB), there are numerous legal hurdles. Moreover: The buyer pool shrinks – end-users are out, investors become the main target group. Let&#8217;s take a closer look at the most important points.</p>
<h3>Protection against termination: Sale does not end the lease (§ 566 BGB)</h3>
<p>Selling the apartment does not terminate the rental agreement. The central principle &#8220;sale does not end the lease&#8221; is enshrined in § 566 BGB: The new owner assumes all rights and obligations of the existing lease agreement. Rent price, notice periods, clauses regarding cosmetic repairs, modernization agreements – everything remains unchanged. The tenant still has a right to undisturbed possession of the apartment as long as they fulfill their contractual obligations.</p>
<p>Practically speaking: Even though the rent has been below market level for years, the new owner cannot simply adjust the contract. Rent increases are only possible within the capping limit (15–20 percent over three years) and the local comparative rent. Exactly this point leads to significant price discounts for properties that are heavily under-let.</p>
<p>The most important facts at a glance:</p>
<ul>
<li>§ 566 BGB: Purchase does not terminate the lease</li>
<li>Buyer takes over the lease agreement including all clauses</li>
<li>Security deposit also transfers to the buyer (§ 566a BGB)</li>
<li>Rent increases are only possible within the legal framework</li>
<li>Seller remains responsible for outstanding rent up to the handover</li>
</ul>
<h3>Rentaler&#8217;s right of first refusal (§ 577 BGB)</h3>
<p>When an apartment building is first divided into individual condominiums and sold to third parties, the tenant is entitled to a statutory right of first refusal. This protective mechanism is intended to prevent tenants from being evicted from their apartments through conversion and sale. Important: The right of first refusal applies only to the first sale after division – not to every subsequent resale.</p>
<p>This is how the right of first refusal works in practice:</p>
<ul>
<li>Seller must inform the tenant in writing about the content of the purchase agreement</li>
<li>Tenant has two months to exercise the right of first refusal</li>
<li>Exercise of the right must be done in notarial form</li>
<li>Tenant enters into the same conditions as the third-party buyer</li>
<li>Exception: Sale to family members or household members – no right of first refusal applies here</li>
</ul>
<p>What other special considerations should be taken into account when dividing a multi-family house, you can find out here: <a href="https://lukinski.com/selling-apartments-individually-divide-multifamily-house-procedure-and-tips/" data-type="post" data-id="173885">Selling apartments individually</a>.</p>
<h3>Notice protection period after conversion (§ 577a BGB)</h3>
<p>An often underestimated point: If a rental apartment is converted into a condominium and sold, the new owner is subject to a notice protection period for personal use and value-based termination. During this period, the buyer may not terminate the lease for personal use.</p>
<p>Overview of the protection periods:</p>
<ul>
<li>Federal minimum protection: 3 years from the transfer of ownership</li>
<li>In tight housing markets (by state regulation): up to 10 years</li>
<li>Applies to major cities such as Munich, Berlin, Hamburg, Cologne, Frankfurt</li>
<li>The period begins with the registration of the new owner in the land register</li>
</ul>
<p>For investors, this is neutral to positive – they want to keep the property rented out anyway. For self-occupying buyers, this lockout period can be a deal-breaker and effectively excludes this buyer group.</p>
<h3>Lease termination agreement: The expensive, but clean solution</h3>
<p>If you want to sell the apartment empty in order to achieve the higher self-occupying price, the lease termination agreement is often the only legally secure way. The tenant voluntarily waives his tenancy rights in exchange for a lump sum and moves out at an agreed time.</p>
<p>Market-standard compensation amounts:</p>
<ul>
<li>Standard: 6 to 12 net cold rents</li>
<li>In tight markets: 12 to 24 net cold rents</li>
<li>Approximate range: 10,000 € to 50,000 €, in prime locations also significantly more</li>
<li>Rule of thumb: Compensation should be below the price difference between rented out and empty</li>
</ul>
<p>Calculation example: An apartment in Munich with a cold rent of 1,200 € generates 480,000 € when rented out, and 620,000 € when vacant. Difference: 140,000 €. A severance payment of 30,000–50,000 € is economically sensible here, as net additional revenue of 90,000–110,000 € remains.</p>
<h3>Landlord&#8217;s Right to View</h3>
<p>Whether it&#8217;s a <a href="https://lukinski.com/maisonette-renting-buying-and-financing-the-popular-form-of-living/" data-type="post" data-id="45390">duplex apartment</a> or a <a href="https://lukinski.com/micro-apartment-advantages-disadvantages-costs-small-apartment-investment-and-capital-investment/" data-type="post" data-id="126068">micro apartment</a> – if you want to sell your apartment, you are allowed to <a href="https://lukinski.com/organize-and-conduct-viewing-appointments-guidebook/" data-type="post" data-id="54190">arrange viewings</a>. However, the right to view is clearly limited. The landlord must respect the tenant&#8217;s privacy, notify appointments in good time (usual: at least 3–4 days notice) and state the purpose.</p>
<p>What the courts consider reasonable:</p>
<ul>
<li>Maximum one viewing per week</li>
<li>Weekdays between 10 and 7 pm, limited on Saturdays</li>
<li>Notice period: at least 24 hours, better 3–7 days</li>
<li>Viewing duration: max. 30–45 minutes per appointment</li>
<li>Group viewings with multiple interested parties are allowed, but not mandatory</li>
</ul>
<p>Tip from practice: Offer the tenant a small reimbursement (e.g. 50–100 € per appointment) or a one-time compensation. This significantly reduces conflicts and ensures cooperative appointments.</p>
<h2>Private users: Termination due to personal need</h2>
<h3>Requirements for a valid termination due to personal need</h3>
<p>If the landlord needs the apartment for themselves or close relatives, a termination due to personal need is possible – but only under strict conditions. A general statement is not sufficient; the need must be specifically and verifiable.</p>
<p>Who counts as &#8220;close relatives&#8221;:</p>
<ul>
<li>Spouses, registered life partners, children, parents</li>
<li>Siblings, grandparents, grandchildren</li>
<li>In-laws, in-law children (under certain circumstances)</li>
<li>Caregivers for family members in the household</li>
</ul>
<h3>Notice periods in case of personal need</h3>
<p>The statutory notice periods depend on the rental duration:</p>
<ul>
<li>Rental duration up to 5 years: 3 months notice period</li>
<li>Rental duration 5 to 8 years: 6 months</li>
<li>Rental duration over 8 years: 9 months</li>
<li>In case of conversion: additional 3–10 year waiting period (§ 577a BGB)</li>
</ul>
<h3>Hardship clause and risks</h3>
<p>The tenant can file an objection under § 574 BGB if the termination would cause particular hardship – for example, in cases of old age, serious illness, pregnancy or lack of alternative accommodation. In addition, caution is advised: if the stated personal need is not subsequently implemented (&#8220;fabricated personal need&#8221;), claims for damages in the five- or six-figure range may arise.</p>
<p>Requirements for an effective <a href="https://lukinski.com/notice-of-own-need-termination-for-own-use-after-purchase-of-a-rented-property/" data-type="post" data-id="54259">personal need termination</a> at a glance:</p>
<ul>
<li>Lawful, specific interest of the landlord</li>
<li>Personal use for themselves or close relatives</li>
<li>Written justification with name and reason for the need</li>
<li>Compliance with legal notice periods</li>
<li>Observance of the blackout period after conversion</li>
<li>Actual implementation after moving out is mandatory</li>
</ul>
<h2>Rented vs. vacant: The direct comparison</h2>
<p>The decision &#8220;sell rented or sell vacant&#8221; has significant financial consequences. Here is a direct comparison of the most important factors:</p>
<table>
<tr>
<th>Criterion</th>
<th>Rent out sell</th>
<th>Empty sell</th>
</tr>
<tr>
<td>Selling price</td>
<td>20–35 % below market value</td>
<td>100 % market value</td>
</tr>
<tr>
<td>Buyer group</td>
<td>Investors, investors</td>
<td>End-users + investors</td>
</tr>
<tr>
<td>Marketing duration</td>
<td>Often longer (3–6+ months)</td>
<td>Usually faster (1–3 months)</td>
</tr>
<tr>
<td>Evaluation standard</td>
<td>Rent multiplier / return</td>
<td>Comparative value / asset value</td>
</tr>
<tr>
<td>Viewing effort</td>
<td>High (tenant coordination)</td>
<td>Low (always possible)</td>
</tr>
<tr>
<td>Home staging possible</td>
<td>No</td>
<td>Yes</td>
</tr>
<tr>
<td>Risk of rental default</td>
<td>To be borne by the buyer</td>
<td>Not relevant</td>
</tr>
<tr>
<td>Negotiation room</td>
<td>Limited</td>
<td>Larger</td>
</tr>
</table>
<h2>Investors as target group: How investors think</h2>
<h3>Evaluation via the rent multiplier</h3>
<p>While end-users buy emotionally and use comparative prices as a benchmark, investors evaluate real estate purely numerically via the rent multiplier (also: multiplier). The formula: purchase price ÷ annual net cold rent = factor.</p>
<p>Market factors per location:</p>
<ul>
<li>A-locations (Munich, Hamburg city center): factor 30–45</li>
<li>B-locations (Dusseldorf, Stuttgart, Cologne): factor 22–32</li>
<li>C-locations (medium-sized cities): factor 16–24</li>
<li>D-locations (medium towns): factor 12–18</li>
</ul>
<p>Example calculation: An apartment with a cold rent of 1,000 € (12,000 € per year) achieves a selling price of 420,000 € in Munich with a factor of 35, but only 264,000 € in Leipzig with a factor of 22. Anyone who is subletting should check before selling whether a legally secure rent increase is possible – every additional euro of monthly rent increases the selling price by the factor × 12.</p>
<h3>Which types of investors are suitable?</h3>
<ul>
<li><strong>Private investor:</strong> Seeks 1–3 properties for retirement, factor-oriented</li>
<li><strong>Owner / Family Office:</strong> Buys portfolios, focuses on cash flow and location quality</li>
<li><strong>Fix-and-Flip Investor:</strong> Seeks properties with potential for value increase, often with expiring rental agreements</li>
<li><strong>Institutional investors:</strong> Relevant only from portfolio sizes upwards, high return requirements</li>
</ul>
<h2>Tax aspects when selling</h2>
<h3>Speculation tax (§ 23 EStG)</h3>
<p>If an rented apartment is sold within 10 years after acquisition, speculation tax at the rate of your personal income tax rate (up to 45 % plus solidarity surcharge) applies to the profit. The period begins with the date of the notarized purchase contract – not with handover or land register entry.</p>
<p>Important points regarding the speculation period:</p>
<ul>
<li>10 year holding period for rented properties&lt;/li<br />
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Apps real estate: recommendations for tenants, landlords &#038; real estate investors</title>
		<link>https://lukinski.com/apps-real-estate-recommendations-for-tenants-landlords-real-estate-investors/</link>
		
		<dc:creator><![CDATA[office@cxmxo.com]]></dc:creator>
		<pubDate>Fri, 03 Mar 2023 11:30:05 +0000</pubDate>
				<category><![CDATA[Law]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Family vacation]]></category>
		<category><![CDATA[hiking]]></category>
		<category><![CDATA[PR]]></category>
		<category><![CDATA[Semi-detached houses]]></category>
		<guid isPermaLink="false">https://lukinski.de/apps-real-estate-recommendations-for-tenants-landlords-real-estate-investors/</guid>

					<description><![CDATA[Real Estate Apps &#8211; These apps are for all apartment hunters, landlords, sellers or real estate investors. They offer tools and calculators to calculate key figures around the real estate or you can find your dream property for personal use or as an investment. All apps in an overview with the respective download link can [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Real Estate Apps &#8211; These apps are for all apartment hunters, landlords, sellers or real estate investors. They offer tools and calculators to calculate key figures around the real estate or you can find your dream property for personal use or as an investment. All apps in an overview with the respective download link can be found in this list.</p>
<h2>Real Estate Apps: Knowledge &#038; News</h2>
<p>With the following apps you will always stay up to date when it comes to real estate. Apps for beginners and for advanced users.</p>
<h3>Real Estate Experience App</h3>
<p>The Immobilien-Erfahrung.de app offers you all the real estate knowledge you need about capital investments, building management, upgrading, as well as financing and management. With the practical calculators, you can find out about ancillary purchase costs and many other key figures. In the real estate wiki, you will find over 1,000 technical terms simply explained.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Download from Google Play Store &amp; Apple App Store.</p>
<p><a href="https://apps.apple.com/us/app/immobilien-erfahrung/id1671718284" target="_blank" rel="noopener"><img decoding="async" class="alignnone" src="https://www.immobilien-erfahrung.de/wp-content/uploads/2023/02/appstore-iphone-kostenlos-transparent-immobilien-leipzig-lukinski.webp" alt="" width="200" height="auto"/></a></p>
<p><a href="https://play.google.com/store/apps/details?id=appimmobilienerfahrungde.wpapp" target="_blank" rel="noopener"><img decoding="async" class="alignnone" src="https://www.immobilien-erfahrung.de/wp-content/uploads/2023/02/playstore-google-android-free-immobilien-muenchen-architektur-lukinski.webp" alt="" width="200" height="auto"/></a></p>
<h3>IZ &#8211; Real Estate Newspaper</h3>
<p>With IZ-Immobilienzeitung you always stay up to date with news from the German real estate industry. Find out everything about yield opportunities or investment properties in one app.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
<li>Subscription needed</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/iz-immobilien-zeitung/id644166871" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.immobilienzeitung.areader&#038;hl=de&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<h3>House &#038; Ground Magazine</h3>
<p>The magazine &#8220;Haus &amp; Grund&#8221; provides up-to-date information on topics in the real estate sector for tenants, landlords and property owners. For example, it covers political developments, news relating to tax law or tenancy law, and administrative topics. Readers have the option of marking articles with simple bookmarks and categorizing them later.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/haus-grund-magazin/id1378993421" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=com.pressmatrix.hausundgrundmag&#038;hl=gsw&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<h2>Real estate apps: online tools and calculators</h2>
<p>With these tools, you can calculate practical key figures relating to real estate quickly and easily. From equity and return, to usable space and floor area &#8211; learn everything with these apps.</p>
<h3>Lukinski Immo Tools</h3>
<p>Lukinski&#8217;s Immo Tools app provides you with over 20 online tools related to real estate. In doing so, you can access a variety of practical key figures that can serve as decision-making aids or advanced knowledge. The app allows you to quickly and easily calculate savings plans for reserves, equity and return on real estate.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/lukinski-immo-tools/id6445852455?platform=iphone" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=applukinskide.wpapp&#038;hl=de&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<h3>Rented.com</h3>
<p>The real estate app Vermietet.de has been specially developed for landlords and property managers. The app offers a simple, secure and time-effective way to organize all aspects of property management, regardless of the type of portfolio &#8211; whether it&#8217;s a condominium or an apartment building. The app&#8217;s features include legally compliant service charge statements, secure rental agreements, valuation, and officially verified templates for reminders and rent increases.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/vermietet-de/id1229732450" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.zenhomes.android&#038;hl=de&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<h3>Immocation.com</h3>
<p>The Immocation.de app offers a simple and clear calculator that provides you with quick and precise information about the return on investment before you buy or sell a property. In addition, the app offers further tools that provide you with detailed information on the subject of real estate. Thanks to the user-friendly user interface with simple sliders, operating the app is uncomplicated.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/immocation-de-die-app/id1333439254" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.immocation.bierdeckelrechnung&#038;hl=de&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<h3>Deka real estate funds</h3>
<p>The Deka Immobilienfonds app provides you with comprehensive information on all important details of the Deka Group&#8217;s property funds. With this app, you have quick and easy access to information such as the unit price, property information and background information on purchases and sales. The app&#8217;s push functions keep you up to date with the latest developments.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/deka-immobilienfonds/id585280551" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.fiveandfriends.InterSelect.Android&#038;hl=de&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<p><img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-172189" src="https://lukinski.de/wp-content/uploads/2023/03/german-looking-students-immobilie-empfehlungen-gruppe-lukinski.webp" alt="" width="1200" height="526" /></p>
<h2>Real estate apps: buy, sell, rent &#038; lease</h2>
<p>With the help of the following apps, you are sure to find your dream property. Whether it&#8217;s your own home, a capital investment or a vacation property &#8211; with this selection of apps, you&#8217;re sure to find what you&#8217;re looking for.</p>
<h3>Lukinski Villa</h3>
<p>Lukinski&#8217;s Villa App provides you with offers and an overview of vacation properties and investments in Germany, the Balearic Islands and the United States. By simply downloading the app, you can easily search for a property that suits your needs.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/lukinski-villas/id1673137846" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=applukinskidevilla.wpapp&#038;hl=de&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<h3>Immoscout24</h3>
<p>The Immoscout24 app offers you the possibility to find or offer properties for sale, rent or lease. With the diverse filter options, you can search specifically for your desired property. The app also offers useful functions such as relocation and financing planning to help you make decisions and implement your plans.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/immoscout24-immobilien/id344176018" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.is24.android&#038;hl=de&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<h3>Immowelt</h3>
<p>The Immowelt real estate app offers you the possibility to search for properties to rent or to buy in Germany, Austria and Switzerland. You can easily find the right property for your needs by using various filters such as cost, living space or number of rooms. In addition, the app offers practical features such as a map view for the search or the possibility to request a Schufa report directly in the app.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/immowelt-immobilien-suche/id354119842" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.immowelt.android.immobiliensuche&#038;hl=de&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<h3>Immonet real estate</h3>
<p>The Immonet app helps you find the right property exactly as you want it. With the interactive map functions, you can precisely draw the search radius and use the advanced GPS functions. With simplified search criteria such as &#8220;balcony&#8221; or &#8220;garage&#8221;, you can easily filter for suitable properties. In addition, the app offers the integration of the Apple Watch.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/immonet-immobilien-suche/id394618916" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.immonet.mobile.flathunting&#038;hl=de&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<h3>Trovit Immo</h3>
<p>Trovit Immo is a simple real estate app that allows you to quickly and easily find the right property to buy or rent. The search radius function can be customized and extensive search criteria can be used to efficiently narrow down the search. Thanks to push notifications, you always stay up to date.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/trovit-immo/id347012986" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=es.roid.and.trovit&#038;hl=de&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<h3>Von Poll Real Estate</h3>
<p>The Von Poll real estate app offers you an easy way to discover a wide range of properties. With the owner dashboard, you can sell or rent your own property. In addition, the app allows for a quick and easy online property valuation to determine the actual value of your property.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/von-poll-immobilien/id516496863" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.fabrik19.vonpoll&#038;hl=de&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
<h3>Real estate search engine.com</h3>
<p>The Immosuchmaschine.de app is an application specially designed for real estate searches. It combines the most popular German real estate portals and allows you to search and compare on many portals at the same time. With the search agent function, you can specify your search criteria and the search agent will notify you as soon as a suitable property is found.</p>
<p>Is the app free of charge?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &#038; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/immosuchmaschine-de/id1131063133?l=en" target="_blank" rel="noopener">AppStore download</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.immosuchmaschine&#038;hl=gsw&#038;gl=US" target="_blank" rel="noopener">PlayStore download</a></li>
</ul>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Apps Real Estate: Recommendations for Tenants, Landlords &#038; Real Estate Investors</title>
		<link>https://lukinski.com/apps-real-estate-recommendations-tenants-landlords-real-estate-investors/</link>
		
		<dc:creator><![CDATA[office@cxmxo.com]]></dc:creator>
		<pubDate>Fri, 03 Mar 2023 11:30:05 +0000</pubDate>
				<category><![CDATA[Law]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Dream house]]></category>
		<category><![CDATA[Family vacation]]></category>
		<category><![CDATA[Family with children]]></category>
		<category><![CDATA[hiking]]></category>
		<category><![CDATA[make money]]></category>
		<category><![CDATA[Plot]]></category>
		<category><![CDATA[PR]]></category>
		<category><![CDATA[Semi-detached houses]]></category>
		<category><![CDATA[Smartphone]]></category>
		<category><![CDATA[压力]]></category>
		<guid isPermaLink="false">https://lukinski.de/apps-real-estate-recommendations-for-tenants-landlords-real-estate-investors-2/</guid>

					<description><![CDATA[Real Estate Apps &#8211; These apps are for all renters, landlords, sellers, or real estate investors. They offer tools and calculators to calculate real estate key figures or help you find your dream property for personal use or as an investment. All apps in an overview with respective download links can be found in this [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Real Estate Apps &#8211; These apps are for all renters, landlords, sellers, or real estate investors. They offer tools and calculators to calculate real estate key figures or help you find your dream property for personal use or as an investment. All apps in an overview with respective download links can be found in this list.</p>
<h2>Real Estate Apps: Knowledge &amp; News</h2>
<p>With the following apps, you will always be up to date when it comes to real estate. Apps for beginners and for advanced users.</p>
<h3>Real Estate Experience App</h3>
<p>The Immobilien-Erfahrung.de app offers you all the real estate knowledge around investments, property management, value enhancement, as well as financing and management. With the practical calculators you can find out purchase ancillary costs and many other key figures. In the real estate wiki you will find over 1,000 technical terms explained simply.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>Download in the Google Play Store &amp; Apple App Store.</p>
<p><a href="https://apps.apple.com/us/app/immobilien-erfahrung/id1671718284" target="_blank" rel="noopener"><img decoding="async" class="alignnone" src="https://lukinski.de/wp-content/uploads/2020/10/immobilien-gmbh-familienstiftung-stiftung-gruendung-ehepaar-ehemann-ehefrau-besprechung-gruenden-steuer-optimierung-vermietung-vermieter-steuer.jpg" alt="" width="200" height="auto" /></a></p>
<p><a href="https://play.google.com/store/apps/details?id=appimmobilienerfahrungde.wpapp" target="_blank" rel="noopener"></a></p>
<h3>IZ &#8211; Real Estate Newspaper</h3>
<p>With the IZ Immobilienzeitung, you will always be up to date with news from the German real estate industry. Find out everything about investment opportunities or investment properties in an app.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free</li>
<li>Subscription required</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>Find the app here in the App Store (iPhone) and Play Store for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/iz-immobilien-zeitung/id644166871" target="_blank" rel="noopener">Download in the App Store</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.immobilienzeitung.areader&amp;hl=de&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h3>House &amp; Ground Magazine</h3>
<p>The magazine &#8220;House &amp; Ground&#8221; provides up-to-date information on topics in the real estate industry for tenants, landlords, and property owners. For example, political developments, tax and rental law updates, as well as administrative issues are covered. Readers have the opportunity to mark articles with simple bookmarks and categorize them later.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>You can find the app in the AppStore (iPhone) and PlayStore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/haus-grund-magazin/id1378993421" target="_blank" rel="noopener">Download in the AppStore</a></li>
<li><a href="https://play.google.com/store/apps/details?id=com.pressmatrix.hausundgrundmag&amp;hl=gsw&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h2>Real Estate Apps: Online Tools and Calculators</h2>
<p>With these tools, you can quickly and easily calculate practical figures related to real estate. From equity and return, to usable and floor area &#8211; learn everything with these apps.</p>
<h3><span id="Immobilien_Guru_meine_App_Lern_App_Rechner">Real Estate Guru (my app): Learning App &amp; Calculator</span></h3>
<p><a class="alignright" href="https://lukinski.com/real-estate-guru-app-learn-investment-capital-investment-calculator-training-craftsman/"></a>The <a href="https://lukinski.com/real-estate-guru-app-learn-investment-capital-investment-calculator-training-craftsman/">Real Estate Guru App</a> offers you more than 20 online tools related to real estate. You can access a wide range of practical figures that can serve as decision-making support or advanced knowledge. The app allows you to quickly and easily calculate savings plans for reserves, equity, and return on real estate.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free. For calculations, we recommend: <a href="https://lukinski.com/rental-yield-vs-purchase-price-factor-explained-calculate-for-quick-valuation-comparison-of-real-estate/">Real Estate Return</a>.</li>
</ul>
<h4><span id="App_Download_iOS_Android3">App Download: iOS &amp; Android</span></h4>
<p>Here you can download the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/us/app/immobilien-guru/id6446810465?platform=iphone" target="_blank" rel="noopener">Download in the AppStore</a></li>
<li><a href="https://play.google.com/store/apps/details?id=appimmobilienguruone.wpapp" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h3>Vermietet.de</h3>
<p>The Real Estate app Vermietet.de has been specifically developed for landlords and property managers. The app offers a simple, secure and time-efficient way to organize all aspects of property management, regardless of the type of portfolio &#8211; whether it is a condominium or an apartment building. Features of the app include legally secure additional costs calculations, secure rental agreements, property valuation as well as officially verified templates for reminders and rent increases.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>Here you can find the App in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li>Download in the AppStore</li>
<li><a href="https://play.google.com/store/apps/details?id=de.zenhomes.android&amp;hl=de&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h3>Immocation.de</h3>
<p>The App from Immocation.de offers a simple and clear calculator that quickly and precisely provides information about the return before buying or selling a property. In addition, the App offers further tools that provide detailed information on the topic of Real Estate. Thanks to the user-friendly interface with simple sliders, using the App is uncomplicated.</p>
<p>Is the App free?</p>
<ul>
<li>Yes, the App is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>Here you can find the App in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/immocation-de-die-app/id1333439254" target="_blank" rel="noopener">Download in the AppStore</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.immocation.bierdeckelrechnung&amp;hl=de&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h3>Deka Real Estate Funds</h3>
<p>The Deka Real Estate Funds app provides you with comprehensive information about all important details of the real estate funds of the Deka Group. With this app, you can quickly and easily access information such as the share price, property details, and background information on purchases and sales. Thanks to the app&#8217;s push notifications, you will always be up to date and can inform yourself about current developments.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and PlayStore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/deka-immobilienfonds/id585280551" target="_blank" rel="noopener">Download in the AppStore</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.fiveandfriends.InterSelect.Android&amp;hl=de&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h2>Real Estate Apps: Buy, Sell, Rent &amp; Let</h2>
<p>With the help of the following apps, you are sure to find your dream property. Whether it&#8217;s a family home, an investment or a holiday property &#8211; with this selection of apps, you will find exactly what you&#8217;re looking for.</p>
<h3>Lukinski Villa</h3>
<p>The Lukinski Villa app provides you with offers and an overview of holiday properties and investments in Germany, the Balearic Islands and the United States. By simply downloading the app, you can easily search for a property that meets your needs.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>You can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/lukinski-villas/id1673137846" target="_blank" rel="noopener">Download in the AppStore</a></li>
<li><a href="https://play.google.com/store/apps/details?id=applukinskidevilla.wpapp&amp;hl=de&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h3>Immoscout24</h3>
<p>The Immoscout24 App offers you the possibility to find or offer real estate for sale, rent, sale, or rental. With the various filter options, you can specifically search for your dream property. The app also offers useful functions such as moving and financing planning to help you with your decision-making and the implementation of your plans.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>You can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/immoscout24-immobilien/id344176018" target="_blank" rel="noopener">Download in the AppStore</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.is24.android&amp;hl=de&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h3>Immowelt</h3>
<p>The Immowelt Real Estate App offers you the possibility to search for properties for rent or purchase in Germany, Austria, and Switzerland. You can easily find the right property for your needs using various filters such as costs, living area, or number of rooms. In addition, the app offers practical functions such as a map view for searching or the possibility to apply for a Schufa credit report directly within the app.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/immowelt-immobilien-suche/id354119842" target="_blank" rel="noopener">Download in the AppStore</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.immowelt.android.immobiliensuche&amp;hl=de&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h3>Immonet Real Estate</h3>
<p>The Immonet App helps you find the right real estate exactly according to your preferences. With the interactive map functions, you can precisely define the search radius and use the extended GPS functions. With simplified search criteria such as &#8220;balcony&#8221; or &#8220;garage,&#8221; you can easily filter suitable properties. In addition, the app offers integration with the Apple Watch.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/immonet-immobilien-suche/id394618916" target="_blank" rel="noopener">Download in the AppStore</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.immonet.mobile.flathunting&amp;hl=de&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h3>Trovit Immo</h3>
<p>Trovit Immo is a simple Real Estate app that allows you to quickly and easily find the right property for purchase or rent. The search radius function can be individually adjusted, and with extensive search criteria, the search can be efficiently narrowed down. Thanks to push notifications, you will always be up to date.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>Here you can find the app in the AppStore (iPhone) and Playstore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/trovit-immo/id347012986" target="_blank" rel="noopener">Download in the AppStore</a></li>
<li><a href="https://play.google.com/store/apps/details?id=es.roid.and.trovit&amp;hl=de&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h3>From Poll Immobilien</h3>
<p>The Von Poll Real Estate App offers you a simple way to discover a wide range of real estate offers. With the owner dashboard, you can sell or rent out your own property. Additionally, the app allows for a quick and easy online real estate valuation to determine the actual value of your property.</p>
<p>Is the app free?</p>
<ul>
<li>Yes, the app is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>You can find the app in the AppStore (iPhone) and PlayStore for all Android smartphones.</p>
<ul>
<li><a href="https://apps.apple.com/de/app/von-poll-immobilien/id516496863" target="_blank" rel="noopener">Download in the AppStore</a></li>
<li><a href="https://play.google.com/store/apps/details?id=de.fabrik19.vonpoll&amp;hl=de&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
<h3>Immosuchmaschine.de</h3>
<p>The Immosuchmaschine.de App is a specialized application for real estate searches. It combines the most well-known German real estate portals and allows you to search and compare across multiple portals at the same time. With the search agent function, you can specify your search criteria, and the search agent will notify you as soon as a suitable property is found.</p>
<p>Is the App free?</p>
<ul>
<li>Yes, the App is free</li>
</ul>
<h4>App Download: iOS &amp; Android</h4>
<p>You can find the App in the AppStore (iPhone) and PlayStore for all Android smartphones.</p>
<ul>
<li>Download in the AppStore</li>
<li><a href="https://play.google.com/store/apps/details?id=de.immosuchmaschine&amp;hl=gsw&amp;gl=US" target="_blank" rel="noopener">Download in the PlayStore</a></li>
</ul>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Fix &#038; Flip Strategy: Buy Real Estate, Improve and Sell &#8211; Real Estate Trading</title>
		<link>https://lukinski.com/fix-flip-strategy-buy-upgrade-and-sell-real-estate-real-estate-trading/</link>
		
		<dc:creator><![CDATA[office@cxmxo.com]]></dc:creator>
		<pubDate>Thu, 02 Feb 2023 12:31:12 +0000</pubDate>
				<category><![CDATA[Law]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Building expenses]]></category>
		<category><![CDATA[Buy & Hold]]></category>
		<category><![CDATA[Capital investor]]></category>
		<category><![CDATA[Claims]]></category>
		<category><![CDATA[Credit]]></category>
		<category><![CDATA[Developer]]></category>
		<category><![CDATA[Earn money]]></category>
		<category><![CDATA[Family vacation]]></category>
		<category><![CDATA[Garden furniture]]></category>
		<category><![CDATA[Heating system]]></category>
		<category><![CDATA[Interest rate structure]]></category>
		<category><![CDATA[Island system]]></category>
		<category><![CDATA[Partial sale supplier]]></category>
		<category><![CDATA[public services]]></category>
		<category><![CDATA[purchase]]></category>
		<category><![CDATA[Selling price]]></category>
		<category><![CDATA[Tips]]></category>
		<category><![CDATA[Upgrade]]></category>
		<category><![CDATA[Upgraden van]]></category>
		<category><![CDATA[Ventas totales]]></category>
		<category><![CDATA[Wind power]]></category>
		<guid isPermaLink="false">https://lukinski.de/fix-flip-strategy-buy-upgrade-and-sell-real-estate-real-estate-trading/</guid>

					<description><![CDATA[Fix &#38; Flip is the king&#8217;s discipline of active real estate trading: buy cheap, target improvements, sell for a profit. Sounds simple — it&#8217;s not. Realistic net margins range between 15 and 25 percent, the holding period is between 6 and 12 months, and from the fourth sale in five years you automatically become a [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>Fix &amp; Flip</strong> is the king&#8217;s discipline of active real estate trading: buy cheap, target improvements, sell for a profit. Sounds simple — it&#8217;s not. Realistic net margins range between 15 and 25 percent, the holding period is between 6 and 12 months, and from the fourth sale in five years you automatically become a commercial real estate dealer. In this guide, you&#8217;ll learn how the strategy really works, what equity you need to calculate, how much you should plan for renovation per square meter, and which tax traps can cost beginners hundreds of thousands of euros. How high your equity ratio should be, you can read in the article <a href="https://lukinski.com/equity/">Equity</a>.</p>
<h2>What is Fix &amp; Flip? Definition, Margin &amp; Risk</h2>
<p>Fix &amp; Flip describes a short-term trading strategy in which a property in need of renovation is purchased below market value, upgraded through targeted measures, and then resold for a profit after 6 to 18 months. The profit is generated from the difference between the selling price and the total investment (purchase price + purchase ancillary costs + renovation + financing + selling costs + tax).</p>
<blockquote><p>Realistic net margins in properly calculated Fix-&amp;-Flip projects range between 15 and 25 percent of the selling price — anything below that is not worth the risk.</p></blockquote>
<p>In contrast to the Buy-&amp;-Hold strategy, it is not about rental yield or long-term appreciation over decades, but about active trading — comparable to stock trading, only with significantly higher capital requirements, longer cycles, and major tax implications.</p>
<h3>Fix &amp; Flip vs. Buy &amp; Hold: Direct Comparison</h3>
<table>
<thead>
<tr>
<th>Criterium</th>
<th>Fix &amp; Flip</th>
<th>Buy &amp; Hold</th>
</tr>
</thead>
<tbody>
<tr>
<td>Duration</td>
<td>6–18 months</td>
<td>10+ years</td>
</tr>
<tr>
<td>Profit source</td>
<td>Selling margin</td>
<td>Rent + appreciation</td>
</tr>
<tr>
<td>Equity</td>
<td>25–40 percent</td>
<td>10–20 percent</td>
</tr>
<tr>
<td>Control on profit</td>
<td>Totally taxable (speculation/business)</td>
<td>Tax-free after 10 years (private)</td>
</tr>
<tr>
<td>Time investment</td>
<td>Very high (active)</td>
<td>Low (passive)</td>
</tr>
<tr>
<td>Risk</td>
<td>High</td>
<td>Moderate</td>
</tr>
<tr>
<td>Interest sensitivity</td>
<td>Very high</td>
<td>Moderate</td>
</tr>
</tbody>
</table>
<h3>Advantages of Fix &amp; Flip</h3>
<p>The strategy allows for substantial profits to be realized in a short period of time and for equity to be increased more quickly than with any classic rental strategy. Whoever completes three successful flips within two years can potentially double their initial capital — provided the market conditions are favorable.</p>
<ul>
<li><strong>Rapid capital growth:</strong> Profit in 6–18 months instead of 10+ years</li>
<li><strong>Scalability:</strong> Profits can be immediately reinvested into the next property</li>
<li><strong>Market Experience:</strong> Intensive practical knowledge about locations, building condition, craftsmen, and buyer behavior</li>
<li><strong>No Tenant Risk:</strong> No rental shortfalls, no additional costs settlements, no rental law conflicts</li>
<li><strong>Control of Value Creation:</strong> You yourself determine the leverage through renovation</li>
</ul>
<h3>Disadvantages and Real Risks</h3>
<p>Fix &amp; Flip is not a playground for beginners — the media hype overshadows the complexity. Anyone who underestimates renovation costs, misjudges the market timing, or ignores the Control can quickly turn a 50,000 Euro profit into a 30,000 Euro loss.</p>
<ul>
<li><strong>Cost Explosions:</strong> Hidden defects (mold, dry rot, asbestos, structural issues) can blow budgets by 50–100 percent</li>
<li><strong>Construction Delays:</strong> Every additional month costs interest, readiness fees, and opportunity costs</li>
<li><strong>Market Timing:</strong> Rising interest rates or falling demand during renovation can tip the calculation</li>
<li><strong>Full tax liability:</strong> Within the 10-year speculation period, the entire profit is subject to income tax</li>
<li><strong>3-property limit:</strong> Starting from the fourth sale within five years, there is a risk of being classified as a commercial real estate dealer</li>
<li><strong>Liquidity risk:</strong> If no buyer is found, you end up with a fully renovated but unrented property</li>
<li><strong>Competition from professionals:</strong> Developers and existing property holders often have better access to off-market deals</li>
</ul>
<h2>Step 1: Find &amp; buy a fix-&amp;-flip property</h2>
<p>The profit is made during the purchase — not during the sale. This trader&#8217;s wisdom is especially true in real estate trading. Whoever buys 10 percent below market value has already secured half of their margin on the day of handover. Whoever pays market price must make up for everything through renovations — and fails in 80 percent of cases.</p>
<h3>Location strategy: Where fix &amp; flip works in Germany</h3>
<p>Pure A-areas (Munich, Hamburg-Eppendorf, Frankfurt-Westend) are usually too expensive for Fix &amp; Flip — the entry prices are so high that the renovation margin no longer covers the costs. Real Fix-&amp;-Flip goldmines are <strong>up-and-coming B- and C-areas</strong> with gentrification dynamics:</p>
<ul>
<li><strong>Commute belts of the top 7 cities:</strong> Commuter communities with S-Bahn connections</li>
<li><strong>Second tier in metropolises:</strong> Neighborhoods directly adjacent to trendy districts</li>
<li><strong>Rising medium-sized cities:</strong> Leipzig, Dresden, Magdeburg, Erfurt, Bremen, Augsburg</li>
<li><strong>University cities with growth:</strong> Heidelberg, Münster, Tübingen, Regensburg</li>
</ul>
<h3>Off-Market: Where professionals really buy</h3>
<p>You rarely find real Fix-&amp;-Flip deals on ImmoScout — by the time a property is listed there, it has already been seen by three professional investors. Experienced flippers work differently:</p>
<ul>
<li><strong>Forced auctions:</strong> Court auction calendars, often 20–30 percent below market value</li>
<li><strong>Heir communities:</strong> Quick sale, because multiple heirs cannot agree</li>
<li><strong>Executor and Insolvency Administrator:</strong> Direct contact pays off</li>
<li><strong>Direct mail contact:</strong> Write to owners of visibly vacant properties</li>
<li><strong>Real estate agent network:</strong> Work with agents who know you bring cash and speed</li>
<li><strong>Developer leftovers:</strong> Individual unsold units from older projects</li>
</ul>
<h3>Structural inspection: Red flags &amp; deal-breakers</h3>
<p>Before making an offer, have an independent building expert inspect the property — the 800 to 1,500 euro fee is the best investment you can make.</p>
<ul>
<li><strong>House fungus:</strong> Renovation starting at 30,000 euro — almost always a deal-breaker</li>
<li><strong>Asbestos in roof, floor or facade:</strong> Special disposal, often five figures</li>
<li><strong>Moisture in the basement:</strong> Drainage and external waterproofing starting at 20,000 euro</li>
<li><strong>Static defects:</strong> Cracks, sagging ceilings, subsidence</li>
<li><strong>Outdated electrical wiring (cable wiring):</strong> Full reinstallation 80–150 EUR/m²</li>
<li><strong>Energy certificate F, G, H:</strong> GEG renovation obligations, no KfW leverage</li>
<li><strong>Heritage lease instead of ownership:</strong> Reduces selling price by 20–40 percent</li>
<li><strong>WEG with empty reserves:</strong> Special charges threaten</li>
<li><strong>Monument protection:</strong> High additional costs, restricted renovation freedom</li>
</ul>
<h3>Fix-&amp;-Flip financing: Banks, equity ratio &amp; interim financing</h3>
<p>Standard banks are reluctant to finance Fix &amp; Flip — short holding period, no rent as capital service, high sales risk. They require either a specialized bank, a private investor or interim financing.</p>
<ul>
<li><strong>Equity ratio:</strong> 25 to 40 percent — significantly higher than with classic rental</li>
<li><strong>Interest rates:</strong> 0.5 to 1.5 percentage points premium compared to existing financing</li>
<li><strong>Repayment substitute:</strong> End-date loans are common, as repayment occurs through sale</li>
<li><strong>KfW funding:</strong> Usually not usable for pure sales — remaining ownership is a prerequisite</li>
<li><strong>Availability interest:</strong> 0.25 percent per month unused in case of a longer renovation period</li>
<li><strong>Early repayment compensation:</strong> When selling before the end of the interest rate period — regulate contractually in advance</li>
</ul>
<p>Read more about financing with our partners: <a href="https://www.immobilien-erfahrung.de/fix-flip-finanzierung-erklaerung-schwierigkeiten-bank-tipps/" target="_blank" rel="noopener">Fix &amp; Flip Financing</a>.</p>
<h2>Step 2: Enhance the property — Renovation lever with the highest margin</h2>
<p>Not every renovation is equally profitable. Professionals invest where one euro in renovation costs brings two or three euros in value increase — and avoid measures that only burn money without impressing buyers.</p>
<h3>Reno costs per square meter: Realistic ranges</h3>
<table>
<thead>
<tr>
<th>Scope of Renovation</th>
<th>Cost per m²</th>
<th>Value Increase per m²</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cosmetic (Painting, Floors)</td>
<td>150–300 EUR</td>
<td>300–500 EUR</td>
</tr>
<tr>
<td>Moderate (Bathroom, Kitchen, Doors)</td>
<td>500–900 EUR</td>
<td>900–1.500 EUR</td>
</tr>
<tr>
<td>Core Renovation (everything except shell)</td>
<td>1.000–1.500 EUR</td>
<td>1.500–2.500 EUR</td>
</tr>
<tr>
<td>Full Renovation including shell &amp; energy</td>
<td>1.500–2.500 EUR</td>
<td>2.000–3.500 EUR</td>
</tr>
</tbody>
</table>
<h3>The five measures with the highest leverage</h3>
<ol>
<li><strong>Bathroom renovation:</strong> 8.000–15.000 EUR investment, 20.000–30.000 EUR value increase</li>
<li><strong>Kitchen (open, modern):</strong> Visually the second biggest sales factor after the bathroom</li>
<li><strong>Oak parquet or high-quality vinyl:</strong> Replaces carpet/laminate, enhances premium impression</li>
<li><strong>Energy-efficient renovation with jump in energy certificate:</strong> From G to C is decisive for purchase</li>
<li><strong>Floor plan optimization:</strong> Remove a wall for an open living-dining area, often under 5.000 EUR</li>
</ol>
<h3>What You Should NOT Do</h3>
<ul>
<li>Designer fixtures or luxury brands — buyers don&#8217;t pay the premium</li>
<li>Pool, sauna, full smart home equipment — narrow target audience</li>
<li>Taste design (eye-catching colors, exotic tiles) — neutralize radically</li>
<li>DIY without trade experience — costs time and reduces resale value</li>
</ul>
<p>Deep dive: <a href="https://www.immobilien-erfahrung.de/immobilie-aufwerten-haus-oder-wohnung-guenstige-qualitaets-wertsteigerung-fix-flip-sanierung/" target="_blank" rel="noopener">Enhance your property</a>.</p>
<h2>Step 3: Sale — Staging, Pricing &amp; Timing</h2>
<p>A professionally renovated property deserves a professional sale. Amateur phone photos and incorrect price listings can turn a 50,000-euro renovation success into dust within two weeks.</p>
<h3>Pricing strategy: How to find the optimal asking price</h3>
<ul>
<li><strong>Three independent appraisals:</strong> Real estate agent, expert, online tools for cross-comparison</li>
<li><strong>Don&#8217;t set the price too high:</strong> More than 10 percent above market value leads to prolonged listing time and suspicion</li>
<li><strong>Not too low:</strong> Too fast sales leave margin on the table — build up demand first</li>
<li><strong>Check bidding procedures:</strong> In top locations with high demand, often 5–10 percent higher revenue</li>
</ul>
<h3>Home Staging &amp; Marketing</h3>
<ul>
<li>Professional HDR photography (300–800 EUR investment, often more than 5,000 EUR additional revenue)</li>
<li>Drone shots for houses with gardens or special features<br />
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		<title>Operating costs: apportionable service charges, maintenance, water supply &#8211; explanation &#038; definition</title>
		<link>https://lukinski.com/operating-costs-apportionable-service-charges-maintenance-water-supply-explanation-definition/</link>
		
		<dc:creator><![CDATA[Laura]]></dc:creator>
		<pubDate>Fri, 05 Nov 2021 08:05:16 +0000</pubDate>
				<category><![CDATA[Capital investment]]></category>
		<category><![CDATA[Law]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Chimney cleaning]]></category>
		<category><![CDATA[Coalition]]></category>
		<category><![CDATA[Consejo]]></category>
		<category><![CDATA[Costs]]></category>
		<category><![CDATA[Environmental protection]]></category>
		<category><![CDATA[Family vacation]]></category>
		<category><![CDATA[Federal Government]]></category>
		<category><![CDATA[Hot water]]></category>
		<category><![CDATA[Janitor]]></category>
		<category><![CDATA[Liability insurance]]></category>
		<category><![CDATA[Lighting]]></category>
		<category><![CDATA[New construction]]></category>
		<category><![CDATA[Partial sale]]></category>
		<category><![CDATA[Passenger elevator]]></category>
		<category><![CDATA[Property insurance]]></category>
		<category><![CDATA[Quality]]></category>
		<category><![CDATA[Real estate owner]]></category>
		<category><![CDATA[Rent control]]></category>
		<category><![CDATA[Rental increase]]></category>
		<category><![CDATA[Right of residence]]></category>
		<category><![CDATA[Right of use]]></category>
		<category><![CDATA[Waste disposal]]></category>
		<category><![CDATA[水]]></category>
		<guid isPermaLink="false">https://lukinski.de/operating-costs-apportionable-service-charges-maintenance-water-supply-explanation-definition/</guid>

					<description><![CDATA[Operating costs &#8211; Which operating costs are to be paid by the tenant? And which ancillary costs do you have to take care of as a landlord? Which costs are apportionable and which are not, is defined by law. Find out more about the topic of operating costs and why you absolutely have to include [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Operating costs &#8211; Which <a href="https://lukinski.com/running-costs-of-a-property/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/betriebskosten-einer-immobilie/" data-id="44349">operating costs</a> are to be paid by the tenant? And which ancillary costs do you have to take care of as a landlord? Which costs are apportionable and which are not, is defined by law. Find out more about the topic of operating costs and why you absolutely have to include them in the <a href="https://lukinski.com/lease-of-a-property/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/mietvertrag-einer-immobilie/" data-id="44202">rental agreement</a>!</p>
<h2>Service charges: definition &#038; explanation</h2>
<p>Whether <a href="https://lukinski.com/investment-real-estate-or-yield-real-estate-advantages-and-disadvantages-investment-forms-in-comparison/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/investment-immobilie-rendite-immobilie-vorteile-nachteile-anlageformen-vergleich/" data-id="54266">yield real estate or investment real estate</a>, during the purchase of a house or an <a href="https://lukinski.de/wohnung-kaufen-darauf-sollten-achten-ziele-kriterien-faktoren-checkliste/">apartment</a> there are always <a href="https://lukinski.de/kaufpreis-berechnen-inklusive-kaufnebenkosten-grunderwerbsteuer-notar-grundbucheintrag-checkliste-haus-wohnung-beispiel/">ancillary purchase costs</a>. What many underestimate: The ongoing ancillary costs of owning a property. If you buy a <a href="https://lukinski.com/buy-rented-or-unrented-advantages-and-disadvantages-for-buyers/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/vermietet-unvermietet-kaufen-vorteile-nachteile-kaeufer/" data-id="54263">rented property</a> or do the initial letting yourself, you can pass on some of these incidental costs to the tenant.</p>
<h3>Non-apportionable incidental costs: repair, maintenance &#038; co.</h3>
<p>You cannot pass on costs for craftsmen, <a href="https://lukinski.com/maintenance-measure-real-estate-to-preserve-the-building-fabric/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/instandhaltungsmassnahme-immobilie-zum-erhalt-der-bausubstanz/" data-id="44000">maintenance</a> and management to the tenant. After all, it is your responsibility as a landlord to ensure that the property meets modern safety standards and is rentable.</p>
<p>As the landlord, you must bear these costs yourself:</p>
<ul>
<li>Repair costs</li>
<li>Maintenance costs</li>
<li>Administrative expenses</li>
<li>Bank charges</li>
</ul>
<p><img decoding="async" class="alignnone size-full wp-image-47926" src="https://lukinski.de/wp-content/uploads/2021/11/betriebskosten-nebenkosten-umlagefaehig-instandhaltung-reparatur-sanierung-gartenpflege-gesetz-steuer-liste-mann-helm-hand.jpg" alt="" width="1200" height="800" /></p>
<h3>Apportionable service charges: The tenant pays</h3>
<p>The apportionable ancillary costs are those that can be apportioned to the meter by you as the landlord. To avoid misunderstandings here, these should be agreed in the <a href="https://lukinski.com/lease-of-a-property/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/mietvertrag-einer-immobilie/" data-id="44202">rental contract</a>. This type of incidental costs are also called operating costs. Let&#8217;s take a closer look at them.</p>
<h2>List of operating costs: (BetrKV) § 2</h2>
<p>Operating costs are therefore constant ongoing public charges on the property. These are defined and regulated by law. Thus, any costs for the care and maintenance of the common areas and facilities fall into the category of apportionable service charges. Any costs for street cleaning, garbage disposal and for the chimney sweep are also paid by the tenant.</p>
<p>Here is a brief overview:</p>
<ol>
<li>Water supply</li>
<li>Drainage</li>
<li>Heating system and fuels</li>
<li>Hot water system, supply and equipment</li>
<li>Connected heating and hot water supply systems</li>
<li>Passenger or freight elevator</li>
<li>Street cleaning and garbage disposal</li>
<li>Building cleaning and vermin control</li>
<li>Garden maintenance</li>
<li>Lighting</li>
<li>Chimney cleaning</li>
<li>Property and liability insurance</li>
<li>Janitor</li>
<li>Community antenna system</li>
<li>Facilities for laundry care</li>
<li>Other operating expenses</li>
</ol>
<p><img decoding="async" class="alignnone size-full wp-image-48364" src="https://lukinski.de/wp-content/uploads/2021/12/treppe-nutzflaeche-verkehrsflaeche-beispiel-berechnung-aufbau-rund-zu-eigentumswohnungen-teileigentum.jpg" alt="" width="1200" height="900" /></p>
<h2>More about buying real estate: Operating costs</h2>
<p>Are you buying a property that is already rented out or are you planning to rent out your newly purchased property? If you&#8217;ve never rented out a property before, you should definitely take a closer look at the different ancillary costs. Read even more on the subject here, on my new site for buyers, Immobilien-Erfahrung.de:</p>
<ul>
<li><a href="https://www.immobilien-erfahrung.de/betriebskosten-mieter-umlegen-umlagefaehige-nebenkosten-liste-betriebskostenverordnung/">Apportioning operating costs to tenants</a> (external)</li>
</ul>
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