Many foreign investors want to buy properties in Turkey for the purpose of profit and investment, but many of them stop at the issue of real estate management in Turkey, as it requires a permanent presence in Turkey and an in-depth study of matters related to real estate laws and others
Therefore, real estate companies provide real estate management services in Turkey to solve this problem
Real estate management is the day-to-day supervision of residential, commercial or industrial properties by an outside contractor. Generally, property managers in Turkey are responsible for daily repairs, ongoing maintenance, security and upkeep of the property. They usually work for owners of investment properties such as apartment complexes and condominiums, private home communities, shopping centers, and industrial parks.
One of the most popular ways to invest in real estate in Turkey is to buy a rental property, as it allows investors to make money in the short and long term. You will start making money right away with your rental property investment plan, with your monthly rental income.
However, without the help of specialists, it can be difficult to reveal the potential. Working with a licensed property management company in Turkey saves a huge amount of time and money for homeowners.
Property managers are appointed to handle operations, maintenance, and management of property rentals for the owner. Their work includes, among many other tasks, marketing rents and finding tenants, ensuring that rental rates are competitive while covering taxes and overheads, rent collection, complying with rental laws, among others.
What are the duties of a real estate manager in Turkey?
Rental property management in Turkey helps in ensuring the rental of the property and handling the day-to-day affairs of operating the property.
The fees may vary depending on the type of property being dealt with.
The responsibilities of a property manager in Turkey generally include:
Find and verify potential tenants
Drafting, signing and renewing lease contracts on behalf of landlords
rent collection
Perform service tasks including landscaping and snow removal
Arranging for necessary repairs to the property
cleaning service
maintenance service
Marketing and advertising for real estate in Turkey to attract customers and raise profit
Accurate update of the price to match the prices of the local and international real estate markets
Interior design and decoration
Preparing and adhering to property maintenance budgets
Real estate companies in Turkey must comply with any state and local laws and regulations of the landlord and tenant.
Owners pay property managers a fee or a percentage of the rent generated by the property while it is being managed.
