Buying a property for investment in Verona is the easy part. Managing it from another country — where most foreign owners get stuck — is the hard part. Between tenant inspections, a faucet that leaks at 2 a.m., and a tax report that you need to file in a language you might not even read — remote management can quietly erode the return you originally bought into. This guide explains exactly how property rental in Bulgaria works for foreign owners in 2026 — the legal framework, actual costs, taxes, and what exactly a professional management service does for you.
Why rent your property in Verona?
The rental market in Verona is exceptionally resilient for a coastal city: an affluent university population, a growing high-tech sector and outdoor activities, and summer tourism — a combination that maintains demand all year round, not just in July-August. 2-3 bedroom apartments in a good location usually yield well. Gross yield of about 5%–6%, With fully furnished apartments in the center and with sea views at the top of the list. Since the switch to the euro on January 1, 2026, rental income, contracts, and bank transfers — all in euros, a less risky currency for owners who live abroad.
Long-term vs. short-term rental: the difference
The Bulgarian law refers to the two in a very different way:
- Long-term rental (Usually 1 year and above) Regulated by the Obligations and Contracts Act (ZZD). No special license is required; the salary amount is determined by free agreement between the parties, and there is no supervision over rental prices. This is the simpler route for remote management.
- Short-term rental / vacation (Stays of less than 30 days, including Airbnb and Booking.com) Must be registered with the municipality under the Tourism Act, and may include a tourist tax and reporting obligations on guests. It can yield more per night in peak season, but involves a lot more ongoing work — cleaning, handing over keys, communicating with guests — exactly what makes it impractical for remote self-management.
Most of the foreign owners who bought through Current properties for sale Choosing long-term rental is precisely for this reason: it is the option that truly manages itself once it is properly configured.
How much does it really cost to rent remotely?
Moving beyond the annual rent we already paid inOur purchasing guide, Allocated:
- Rental search fees: One-time payment, usually about half the rental fee for the first month, paid when a suitable tenant is found.
- Current management fees: Usually 8%–10% monthly rental fees For a full service package (billing, coordination of maintenance, communication with the tenant, periodic inspections).
- Deposit from the tenant: It is usually equivalent to one or two months' rent, refunded at the end of the rental period, held as security against damage or unpaid bills.
- Maintenance and repairs: Committed to the required extent, it is advisable to have prior approval up to an agreed amount, so that minor corrections do not require your approval remotely every time.
Taxation of rental income for foreign owners
The tax regime for rentals in Bulgaria is simply in line with European standards, but the rules vary depending on your tax residency:
- Residents of a Bulgarian municipality They deduct a standard 20% % expense allowance from the raw wage, and then pay a 10% % tax on the remaining 80% % — an effective rate of 8% % of the raw income.
- Owners who are not residents They are usually dosed at a uniform rate of 10% deductions at source on the gross rental amount, Without the possibility of deducting expenses. The tax is usually paid quarterly.
- Annual tax report submitted to the Bulgarian Tax Authority (NRA) by April 30 of the year that followed.
- Bulgaria has a tax avoidance agreement with a wide range of countries — including Israel — that can prevent double taxation on the same rental income. Whether the agreement reduces your specific liability depends on your tax residency country, so it is advisable to check this with a tax advisor.
This is an overview and not tax advice — you need to verify your specific situation with a qualified accountant, both in Bulgaria and in Israel.
How professional management works, step by step
- Valuation of the property: The manager inspects the property, advises on furniture and minor upgrades that improve the rental potential, and sets a realistic rent based on up-to-date market data in Verona.
- Marketing and Tenant Screening: Advertising on local and international rental portals, tours, and recommendations/employment checks for potential tenants before any offer is made.
- Contract and deposit: A contract compliant with the Obligations and Contracts Act has been signed, the deposit has been collected and held, and the accounts are transferred to the tenant if necessary.
- Streamlined collection and reporting: The rent is collected monthly and transferred to the owner, with a simple report showing income, deductions, and open items.
- Maintenance and inspections: Periodic property inspections and a single contact person for repairs, so the owner doesn’t get a phone call at 2 a.m. about a broken stove.
- Support for submitting tax returns: Preparing the documentation required for the annual report, in coordination with the owner’s accountant.
Frequently Asked Questions
What realistic rental yield can be expected in Verona?
Apartments with 2-3 rooms in a good location usually yield a gross return of about 5%–6% in long-term leases, with furnished apartments in the center and with sea views topping the list.
Do I have to be in Bulgaria to rent my property?
No. With an authorized local management service, the entire process — tenant sourcing, contracts, rent collection, maintenance, and tax documentation — can be carried out without the owners having to visit Bulgaria.
How do I register my rental property if I do not live in Bulgaria?
Non-resident owners are generally taxed at a uniform rate of 10% % on the gross rental income, usually with quarterly withholding, with an annual report by April 30. An income tax treaty between Bulgaria and your country of residence may reduce or offset this.
What is the difference between long-term and short-term rental management?
Long-term rentals (one year or more) are simpler to manage remotely and do not require special licensing. Short-term rentals/vacations can yield more per night but require municipal registration under the Tourism Act and a lot more operational work.
Let us manage, so that you won't have to
Bulgaria Estate They established a dedicated property management department in 2023 specifically for this: finding tenants, collecting rent, coordinating maintenance, and documenting for owners who live abroad or simply don’t have time. Learn more Our asset management services in Varna, Or start fromCurrent properties for sale If you haven't already purchased it.
