Managing your Yerevan apartment from abroad
Whether you live in Glendale, Paris or Moscow, you never have to fly in, sign a power of attorney or ask relatives for favours. We let the apartment, look after it, and the rent is paid into your Armenian bank account.
Does one of these sound like you?
You inherited the apartment
Your parents’ flat has stood empty since the family moved on. It is often registered to several relatives who now live in different countries — and it can only be let with the written consent of every one of them.
You moved abroad and the apartment stayed
You left it furnished, perhaps with a tenant a friend found. If nobody checks on it, you only learn what happened to it when the tenant leaves.
You bought it for later
For retirement, for the children, or as an investment. Until you need it, it should be earning — and stay in the condition you will want to come back to.
What distance really puts at risk
Owning from abroad is not a problem in itself. The problem is that nobody is watching — and in Yerevan, the things that go wrong tend to surface late.
Nobody there between tenancies
In an empty apartment, leaks, damp and break-ins go unnoticed for months. By the time someone looks, a small repair has become a large one.
A relative doing you a favour
Many owners ask a cousin or a neighbour to keep an eye on the flat. It works for a while, then it strains the relationship — and it still gives you no lease, no records and no inspections.
Bills you discover too late
A tenant can move out leaving gas, electricity and water unpaid. From abroad you rarely see those arrears until they have become yours.
A verbal lease you cannot enforce
Letting on a verbal agreement is common in Yerevan, and almost impossible to enforce from another country. If the tenant stops paying, eviction is a court process, and you need documents to start it.
You never have to fly in
Everything that would normally need you in Yerevan, we do on the ground.
No power of attorney
You do not need to issue a power of attorney or visit a notary. You sign our management agreement remotely, from wherever you live.
Everything on the ground, handled
From the first viewing to the day the tenant hands back the keys, we are the people physically there.
- Viewings, including evenings and weekends
- Tenant screening: employment, references and previous landlords
- A notarized lease, registered on e-cadastre.am
- Move-in handover with a signed acceptance act and photographs
- Scheduled inspections documented with photographs
- Repairs and maintenance, coordinated and supervised
- Rent collection, utilities and the deposit handled
- The records you need for your income declaration
Rent paid into your Armenian bank account
The rent goes to your own account in Armenia. What you do with it from there is up to you.
Everything visible from your phone
Statements, inspection photos and documents are in your portal, and you can reach us on WhatsApp or Telegram wherever you are.
Who you are trusting with your keys
Handing an apartment to people you have never met is a real decision. This is what you can check before you make it.
A real office in Yerevan
We work from Arshakunyats Avenue. You, or a relative, can come in and meet us before signing anything.
Paid only when your rent is collected
What we earn depends on your rent arriving. If the apartment earns nothing, neither do we — so our interests are the same as yours.
No commission for your tenant
A tenant who pays nothing to move in chooses your apartment over the one next door, so it lets sooner.
The people behind DEED
- Hamid Bakhshi — CEO & Designated Broker
- Amir Bakhshi — Director of Operations
What owners abroad ask us
Do I need to come to Armenia at any point?
No. Viewings, the lease, the move-in handover, inspections, repairs and rent collection are all handled by us in Yerevan. You follow everything from wherever you live.
Do I need to give you a power of attorney?
No. We work under a management agreement that you sign remotely. There is no notary visit and no consulate appointment on your side.
Where is the rent paid?
Into your own bank account in Armenia. If you do not have one yet, tell us when we speak and we will talk through the options.
The apartment is registered to several relatives who live in different countries. Is that a problem?
It is common, and it is solvable — but it has to be settled before a tenant moves in. Every registered owner has to give written consent to the letting. We check the ownership record first and tell you exactly whose consent is needed.
How do I know what is happening with my apartment?
Through your portal: monthly statements, inspection reports with photographs, and every document in one archive. And you can message us on WhatsApp or Telegram at any time.
The apartment has stood empty for years. Can you still take it on?
Yes. We start with an inspection and tell you honestly what it needs before it can be let, and whether that is worth doing. Any work is coordinated and supervised by us, with your approval.
Start with a free valuation
Tell us about the apartment. We will tell you what it should rent for and what it needs — then you decide.