<\/p>\n\n\n\n
Before you can judge whether Tbilisi\u2019s headline 8\u20139% gross rental yield actually works for you, it helps to have a realistic sense of the recurring costs that sit between gross rent and what you actually keep.<\/p>\n\n\n\n
If you use a professional management company or agency \u2014 the common route for owners who live abroad, as covered in our companion article \u2014 expect an ongoing percentage of monthly rent as the primary cost. The exact rate varies by provider and scope of service (basic rent collection vs. full-service including maintenance coordination and tenant sourcing), so it\u2019s worth getting written quotes from a few providers, including established local agencies, before committing to one.<\/p>\n\n\n\n
Most modern apartment complexes in Tbilisi charge a monthly or annual building maintenance fee covering shared services \u2014 elevator upkeep, common-area cleaning, security, and building infrastructure. This is a fairly predictable, modest cost but should be factored into your net calculation, particularly for newer complexes with amenities like gyms, parking, or 24-hour security, where fees tend to run higher than older, no-frills buildings.<\/p>\n\n\n\n
Ongoing maintenance \u2014 appliance repairs, plumbing issues, minor fixes between tenants \u2014 is an unavoidable, if irregular, cost of being a landlord. It\u2019s sensible to budget a modest annual reserve (commonly modeled as a small percentage of annual rent) rather than treating each repair as a surprise expense.<\/p>\n\n\n\n
Every time a tenant leaves, there\u2019s typically some cost to prepare the unit for the next one: cleaning, touch-up painting, minor repairs, and sometimes re-photographing the listing. Districts and unit types with faster tenant turnover (studios, short-term rentals) will accumulate these costs more frequently than long-staying family tenants in a two-bedroom.<\/p>\n\n\n\n
If your unit is furnished \u2014 which, as covered elsewhere, meaningfully helps leasing speed in expat-facing districts \u2014 furniture and appliances depreciate and eventually need replacement. This is a lumpier, less frequent cost but should be budgeted for over a multi-year holding period.<\/p>\n\n\n\n
A reasonable way to model your net position: start with gross rent, subtract the 5% flat income tax (assuming you\u2019re properly registered as a landlord), subtract your management fee if applicable, subtract building fees, and set aside a modest annual maintenance reserve. What remains is a far more honest picture of your actual return than the gross yield figure alone.<\/p>\n\n\n\n
None of these costs individually is large, but stacked together they meaningfully narrow the gap between an 8.5% gross yield and what you actually bank each year. Owners who budget for these costs from day one tend to make far better pricing and management decisions than those who discover them reactively.<\/p>\n\n\n\n
Data referenced: General cost structure commentary for Tbilisi residential rental management (2025\u20132026); Georgian landlord tax registration framework.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Before you can judge whether Tbilisi\u2019s headline 8\u20139% gross rental yield actually works for you, it helps to have a realistic sense of the recurring costs that sit between gross rent and what you actually keep. Property management fees If you use a professional management company or agency \u2014 the common route for owners who […]<\/p>\n","protected":false},"author":73,"featured_media":13264,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-13263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/theaddress.ge\/ka-ge\/wp-json\/wp\/v2\/posts\/13263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theaddress.ge\/ka-ge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theaddress.ge\/ka-ge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theaddress.ge\/ka-ge\/wp-json\/wp\/v2\/users\/73"}],"replies":[{"embeddable":true,"href":"https:\/\/theaddress.ge\/ka-ge\/wp-json\/wp\/v2\/comments?post=13263"}],"version-history":[{"count":1,"href":"https:\/\/theaddress.ge\/ka-ge\/wp-json\/wp\/v2\/posts\/13263\/revisions"}],"predecessor-version":[{"id":13265,"href":"https:\/\/theaddress.ge\/ka-ge\/wp-json\/wp\/v2\/posts\/13263\/revisions\/13265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theaddress.ge\/ka-ge\/wp-json\/wp\/v2\/media\/13264"}],"wp:attachment":[{"href":"https:\/\/theaddress.ge\/ka-ge\/wp-json\/wp\/v2\/media?parent=13263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theaddress.ge\/ka-ge\/wp-json\/wp\/v2\/categories?post=13263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theaddress.ge\/ka-ge\/wp-json\/wp\/v2\/tags?post=13263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}