Preparing for vacation and travel in Turkey, even before the start of the season, many tourists are in a hurry to find out prices for hotels and rental housing in resort towns. For a more comfortable holiday, many people prefer to rent housing instead of overpaying at a hotel. After all, it’s much easier to feel at home in a cozy apartment. However, as in many countries, unpleasant situations can occur in the rental industry due to misunderstandings and deception. It is very important to know the specifics of renting in Turkey, the risks and how to avoid them, so that your plans are crowned with success and your vacation is a success. On the other hand, a foreign landlord may also encounter troubles in the form of property damage, non-payment of rent or large debts on utility bills, and solving such problems in a foreign country can sometimes be very difficult.
The Turkish authorities are trying to stimulate the interest of visitors in purchasing housing by offering favorable terms of transactions and various privileges, so investing in Turkish real estate is an excellent opportunity to increase capital. Foreigners are happy to buy apartments and houses here, and often people are ready to buy housing for a comfortable holiday, even if their stay here is limited to just a few months. In this case, the logical step is to rent out the property in order to avoid downtime and generate income instead of spending on maintaining an idle property. However, passive income is not always as calm as we would like. There is a risk associated with unscrupulous tenants who may damage the property. There are also scams and problems with late payments, including utilities. But there is a solution for these problems in Turkey.
It is safer and more reliable to rent out property in Turkey through intermediaries, such as trusted agencies with experienced professionals. They will check the documents, draw up a legally correct agreement, ensuring regular income and minimizing risks. House Bind has the necessary knowledge and significant experience in property and rental management, and is always ready to help with the issues and responsibilities that weigh you down.
Before looking for tenants, it is important to decide on the type of lease. Long term or short term? Long-term rent is less profitable, but more stable. However, it assumes no access to housing for the owner during the term of the contract. Short-term rentals can be profitable, but are associated with high risks, including possible damage to property by tourists. It is also important to note that a license is required for short-term rentals in Turkey. By law, all guests must be registered with the local police; unregistered rentals expose you to significant fines. We recommend that you act in accordance with the law and calmly receive rental income instead of spending, using the help of specialists.
Fraud can also affect renters. The risks lie in unscrupulous owners or illegible contract terms, leading to additional costs. The best option is to rent through trusted companies that provide reliability and a full range of services for both parties.
Today there are plenty of conscientious players on the market providing services to both owners and tenants. House Bind has earned a good reputation for providing favorable terms of cooperation in the field of real estate. House Bind specialists have significant experience in renting real estate in Turkey. We are always ready to help you in this area and fully take care of the legal leasing of your Turkish property, monitoring its safety during and at the end of the lease period, timely payment by tenants of the main and related, utility and other payments. With our help, you can benefit from investing in Turkish real estate without unnecessary worry and inconvenience. With us, your worries will be in good hands!
