If you are a foreign investor who has invested in Turkey real estate, but are not physically present in the country to take care of your property, you must hire a property management company that can take care of your property in your absence. In fact, many who are residing in Turkey and can take care of their property on their own, still prefer hiring a property manager because it gives them peace of mind and relieves them the hassles of renting and maintaining the property. Having said that, here are some of the reasons why one must hire a professional to take their property.
If you have a property manager to collect the rent on your behalf, you will not have to worry about reminding your tenants about paying their rent on time. Your property manager being a professional would not only collect the rent on your behalf, but would also ensure that if your tenants don’t pay on time, immediate action is taken.
As an individual you may have limited means of marketing your property for rent. As a result you may have to settle for one of the few prospective tenants who reach out to you. Hiring a property manager can help you get rid of this problem as they have a bigger pool of prospective tenants. They have better means of marketing a property and a bigger network of prospective tenants, too. Another benefit of hiring a professional is that they have a better screening process, and they know what questions to ask.
Tenant evictions are complicated. They may also land you into a legal trouble if not done right. It is, therefore, advisable to leave the eviction process to a professional property manager who has experience in dealing with such situations. A good property manager will not only ensure that the eviction is quick and efficient, but they will also ensure that none of the state codes or regulations are violated.
Renting a property is a tedious process. Right from collecting the tenant’s documents and getting those documents verified, to entering into a legal agreement with the tenant, it’s a time taking and tedious process. And just in case the tenant vacates the property in a few months, you need to go through all of it, again. By hiring a property manager, you can free yourself of all such hassles. You can simply give the power of attorney to your property manager giving them the right to handle all such paperwork on your behalf.
Whether there’s any repair required on an emergency basis, or the property needs to undergo routine maintenance, your property manager will take care of it, all. Your tenants can directly get in touch with the property manager without disturbing you in the middle of anything. Also, the property managers will be able to get you a better deal when hiring a repair, renovation or maintenance company, as they would have their contacts in the market.
While hiring a property is a good idea that can save you a lot of time and efforts, hiring the wrong property management company can also lead to a lot of complications. It is, therefore, advisable to do a thorough research before hiring a property manager.