Pedro Correia Real Estate

Property management for owners who are not here

By Pedro Correia · Last checked: 2026-10-10

An empty, unwatched property in Portugal costs money every month it sits there: triple IMI after a year classed as empty, a burst pipe found in April, a squatter you learn about from a neighbour. I visit, I fix, I report, and I keep the paperwork on time.

What is included

  • Monthly inspection with photo report. Every room, the water meter, the electrics, the terrace drains. You receive the report the same day with any action needed and its cost.
  • Keys and access. One set with me, logged every time it is used. Trades never get the keys unsupervised.
  • Maintenance. My own plumber, electrician, pool and garden teams, the same ones that keep my 15 apartments running. Quotes before work, invoices in your name.
  • Utilities and bills. Water, electricity, gas, internet and condomínio paid on time and reconciled. I keep consumption above the level that lets the council class the house as empty.
  • Tenants and guests. Long-term tenant screening, contracts registered with Finanças, rent collection, deposit handling and check-outs. Short-term rental is a separate service.
  • Deadlines. IMI instalments, IRS rental income, AL licence obligations, insurance renewals and condomínio meetings. You get a reminder, I get it done.
  • Emergencies. Water leaks, break-ins, storm damage. I am there within hours, not weeks.

What I do for my own 15 units

I run every one of my apartments with the same routine: inspection on a fixed day each month, meter readings logged in a spreadsheet, one trusted trade per job, and a quarterly check of every tax and licence date. The service you buy is that routine applied to your property.

Who this is for

Owners living abroad or in Lisbon and Porto, families who inherited a house in the Algarve, and retirees who spend half the year away. If the property sits empty for more than a few weeks at a time, the maths favours having someone on the ground.

How it starts

  1. Free yield and tax audit: a written look at what the property earns, what it costs empty and what it should earn.
  2. A one-page agreement with a flat monthly fee. Cancel with 30 days' notice.
  3. Key handover, first full inspection and a baseline report with photos of every room.

FAQ

Do you manage properties for owners living outside Portugal?

Yes. Most owners I work with live in the UK, Ireland, the Netherlands, Lisbon or Porto. Everything is done by WhatsApp, email and a monthly written report.

Which areas do you cover?

Loulé, Quarteira, Vilamoura, Almancil, Vale do Lobo, Quinta do Lago, Albufeira, Faro, Olhão and São Brás de Alportel. Ask about anything else within an hour of Loulé.

How is this different from a condomínio administrator?

The condomínio administrator looks after the shared building. I look after your apartment, your tenants, your bills and your deadlines, and I attend condomínio meetings as your representative.

What does it cost?

A flat monthly fee agreed after the free audit, so you know the number before you decide. No percentage of your property's value and no hidden supplier mark-ups.