How to rent out an apartment in Prague and get a good profit?

Do you want to find a convenient way to get additional income? Then a profitable option for you will be to rent out your home for the period of departure! In this article we will describe in detail the ways to make money by renting out an apartment.

Short Term Rentals 

If you’ve already thought about short-term rentals, now we’ll tell you about all the pros and cons and how to make the most out of this type of rental.


Short-term rentals in Prague are profitable and lucrative. 

Young couple as tourists looking for the way on the map.

If all of these points are about you, then the option of short-term rentals in Prague may be worthy of your careful attention.


Short-term rentals, although an attractive venture, are, like any business, fraught with a certain amount of risk. 

To summarize, short-term rentals in Prague are definitely a great opportunity that can bring a generous income with the right preparation.


The process of renting out an apartment in Prague for a short period of time as a business option is a lucrative endeavor. However, it also imposes certain obligations if you want to do it yourself: 

The property owner must:  

The level of possible income: 

A married couple is resting on a bed in a hotel.

In today’s real estate market, Prestige Group is the most reliable intermediary for short-term rentals of an apartment or house in Prague. The investment will have a guaranteed return of CZK 15,000 (EUR 600) or more depending on the season, size and specific location – investing in real estate through Prestige Group can be very profitable.

Seasonal rentals 

When choosing the type of rental property, you are comfortable with, it is important to consider the option that will be most beneficial to you. There is a compromise between short-term and long-term rentals:  seasonal rentals. For example, cities with a large concentration of higher education institutions or companies cooperating with foreign specialists are very popular with students, foreign employees or residents of other cities. Prague as a major metropolis is one of these cities.

Offers of seasonal rentals must be thought through in terms of features, technology and amenities that may be needed by the guest. Seasonal visitors to the city, like students and business workers, are primarily looking for a safe, comfortable and convenient place to live. Since seasonality plays a high role, unlike long-term housing, guests may not have a lot of things with them. And for them it is important that everything they need is already in the price of housing. This practice of seasonal rentals in major cities is successful almost all over the world.


It can be said that seasonal rentals in Prague offer a number of huge advantages: 

So, if you want to rent out an apartment in the Czech Republic, even in residential or hard-to-reach areas of Prague, we advise you to pay attention to seasonal rentals because of their advantages. 


When it comes to renting out large properties to student groups or employees of businesses, there are some potential downsides to consider.

Whether you choose temporary rentals or traditional long-term rentals, the decision should always remain deliberate and strategic. A responsible approach from the start pays off by minimizing risks in the future.


The basic legal requirements for a landlord have already been detailed above, but let’s remind you of the main ones:

Ultimately, use this blog article as the first step to researching the rental real estate market. With this information, you’ll be able to decide what’s right for you first to meet your needs. In case you’re not sure yourself, you can always trust the rental professionals, some of which are Prestige Group.

Long-term rentals: The perfect solution for everyone 

In this section, we’ll tell you why long-term leases may be the perfect solution for you if you want to make a profit on your property.


Long-term real estate investing is an important decision, and there are pros and cons on both sides. If you decide to invest your energy and time in long-term or short-term rentals, it is important to think about the right strategy.


If a problem does arise, don’t hesitate to contact professionals such as Prestige Group, who can help resolve any unpleasant situation and make sure that all points of contention have been resolved. Taking such preventative measures early is of paramount importance when it comes to long-term leases.


Man and woman holding hands and laughing.

It is important for every landlord to be aware of all changes in rental laws, and to understand the nuances of all legal requirements for long-term rentals. One important aspect is paying taxes on rent, which for individuals is 15%. If you are informed of all the details in advance, you have a better chance of success. 

If you have questions or want advice on your situation, do not hesitate to contact us at Prestige Group for advice. We offer expert knowledge and advice on anything related to renting and investing in real estate. Contact Prestige Group for help now!

Rental Housing: Dormitories 

The provision of real estate in a dormitory format can be an acceptable accommodation for accommodating workers on seasonal jobs or for camps and private schools. However, this type of rental housing has its own nuances as opposed to seasonal rentals. 


This type of rental option is convenient and profitable in terms of rental income to expense ratio. 


Renting accommodation in a dormitory (hotel) format has a certain range of problems with which the landlord must be familiar in advance. The consequences of these problems can seriously aggravate the situation. 

Frequent guest changes require a high level of responsibility, but if you are vigilant in all the nuances, the benefits will far outweigh the possible risks. Maintain good communication with your guests and make sure they follow the house rules.


Bunk beds in the hostel.

As with other types of rental properties, it is important to remember that it is imperative to have a permit for this business activity, regardless of its scale. All taxes must be paid in accordance with the law in order to avoid unpleasant consequences from the tax office. It is also important to keep in mind that those running a business must ensure that they are connected to the Electronic Earnings Registration (EET) system when accepting payments for any goods or services received. Following these steps correctly will help ensure that your business runs smoothly and successfully for years to come. However, a convenient and highly profitable rental property is also possible for those who are not ready to deal with administrative issues – just contact a reliable company like Prestige Group

If you still have questions regarding rental property in the Czech Republic, contact our company for a free consultation. Discover your property’s potential as a great source of income with Prestige Group, the experts in Prague apartment rentals. 


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Vladislav Glinskij

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29 March 2023

Estimated reading time: 7 minutes, 10 seconds

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