Turkey is a beautiful country with so many fascinating properties to buy. As a property owner, you can choose to rent out the property. Many foreign property owners are barely in the country, and therefore, they usually rent out their properties. This helps to keep the house in fresh condition. This way, they can recoup the cost of operating the property.
Renting your properties in Turkey
In Turkey, you can buy real estate just to rent it out. Also, in Kalkan, you can get the highest rental income around the whole coastline of the country. In addition, the coastal resort market has an annual rental income of 9%.
Getting help from Turkish property management companies
Many companies in Turkey specialize in helping property owners rent out their properties. There are specialized rental companies that offer complete services on property management. In addition, numerous third-party companies help property owners manage their facilities, especially when it involves tenants and rent.
They usually handle such tasks as putting the house up for rent, finding tenants, collecting rent, dealing with all requests from the renters, checking the properties for damages, collecting service charges, cleaning/maintenance, and welcoming tenants to the building.
Renting your property in Turkey
Turkey has an expanding real estate that is a buyer’s market – this means that there are more houses to buy than buyers. This means that if you have a property you want to put up for rent, you will need to go about it the right way. This is because you face a lot of competition from other property owners. To ensure that you penetrate the market, you will have to know how to market your properties.
Marketing your rental properties in Turkey
In Turkey, many individual companies can help with marketing your property. They will help advertise the property and look for the right tenants. As a new owner, you may want to do a lot of advertising to ensure that you can penetrate the market. If you are owning your first property, you may want to start from the basics. These include: 1. Adverting through friends and families using word of mouth. 2. There are many online advertisement platforms in Turkey where you can register and advertise properties. Some platforms provide features for onboarding and managing rental clients/customers directly. 3. As a property owner, you should have a website. This helps you to easily convince your clients that you are not just a greedy landlord but a full-time business. You can also start a Facebook Page for your rental business. 4. You can go ahead to advertise the rental properties in Newspapers. In addition, you can advertise within your hometown or in the area where you have purchased the property. 5. You may also make use of bulletin and notice boards in community centres, pubs, and supermarkets. 6. Your rental property should have a “For Rent” signage as well as your daytime phone number, which is to be displayed boldly on the rental property.
How much rent can your Turkish property earn you?
You can make a lot of money from your Turkish property. If you have a villa, short-term rent can fetch you between 3000 and 4000 Euros a month. Long-term rent can earn you between 2000 and 2500 Euros a month. Villas are hot throughout the year in the country.
In the same country, you can rent a fully furnished 1+1 apartment unit for between 500 and 700 Euros. A long-term rent will earn you 200 Euros every month. Also, you can rent out a small apartment (1+1) for between 200 and 250 Euros a month. In the off-season, this same property can fetch you a rent of between 150 and 200 Euros every month. –
