Property management in Turkey involves a wide range of services that are performed by a third party on a property. The owner of the property will usually hire a reputable property management in the country to render their services.
Available services by Turkish property management companies
In Turkey, a property management company will usually render a wide range of professional services. These include
Administrative services
These services relate to activities that involve payments and documenting all the financial transactions related to the property. Some administrative services include:
Collecting the rent from the tenants in the property
Monthly payments of gas, water, internet, electricity, and garbage disposal bills.
Maintenance services
A property management company usually carries out the necessary maintenance services on a property. In Turkey, Maintenance services include:
Ensuring that the best condition of the property is maintained.
Ensure that all repairs in the house are done.
Provision of professional cleaning services.
To regularly inspect the property and document its state.
Development services
A Turkish property management company may also perform light general contractor services on a property. These include:
Executing civil repairs and refurbishment
Hiring an engineering team to enhance the property
Property redevelopment
Furnishing the property
Landscape design and enhancement
Types of property management services in Turkey
In Turkey, there are different types of property managers. This is usually based on the type of property. They are two primary types of property management services. These are residential and commercial property management. Most companies provide both services.
Commercial property management service
Commercial property management involves the management and maintenance of commercial and industrial properties. With so many commercial and industrial properties located in Turkey, professional companies with extensive experience in the field are usually hired to manage high-value commercial, business, and industrial facilities.
Residential property management services
Residential property management services involves the management and maintenance of residential facilities and development. Property owners hire property management companies to ensure that the real value of the house is preserved.
This means that it is always kept in an attractive condition so that not to lose its value and appeal. This is very important, especially in the case of investors who want to resell the property at a later date.
The benefits of using a Turkish property management company
In Turkey, it can be complicated when managing a property. There are lots of moving parts to manage. This is especially difficult for foreigners because you have to be familiar with the various property laws in the country. Other aspects of property management in Turkey include monthly/annual fees, taxes, property regulations, background checks, and so on.
Since many property owners are busy or occupied, they usually outsource their property management tasks to professional companies in the country. Many property owners entrust their properties to professional companies to ease up the complicated processes involved in managing the property. For instance, property owners hire professional companies to manage their companies because:
The property location may be very far from their area of residence.
There may be a language barrier
They may not be familiar with the communication processes in the location
They may lack the network and resources to properly manage the property.
Entrusting your property to a management company means that you are assured of a professional service with guaranteed results. This means that you will have enough space to attend to other personal activities.
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