Landlord – you ain’t no lord

Regular readers of ‘Eurobuild’ should already be very familiar with the PRS sector. In our magazine and on our site you can often come across news about the latest home rental project by Resi4Rent, or Golub GetHouse, or about the activities of the Apartments for Rent Fund [Fundusz Mieszkań na Wynajem]. But the average John Smith or Joanna Kowalska still tends to be rather wary of institutions and often chooses to seek out an apartment in the traditional way. Why is this? I suspect that it boils down to a question of finances and maybe also the fear of being dependent on a large organisation that, from the outset, seems to be in a stronger negotiating position, with pre-drafted cast-iron contracts and a whole department of lawyers behind them. And what also comes in to play is the Polish unwillingness to give money to intermediaries, which is something agents know all too well about when it comes to their commissions. That’s why we trawl through all the small ads on t