Should You Invest in Rental-Guaranteed Properties in Istanbul?
Invest in Rental-Guaranteed Properties : Guaranteed rent investment, Guaranteed rental income, Guaranteed rental properties for sale & Constantly growing thanks to the reliable construction projects in the region, Istanbul and the surrounding areas are among the most popular cities that foreigners choose to invest in. Istanbul is also the most preferred city to acquire citizenship through investment due to the new regulations introduced.
Major projects such as Istanbul Canal, the Third Bridge, Istanbul Airport, and Northern Marmara Highway attract the attention of foreign investors, creating opportunities in the northern parts of the city. Istanbul, the junction point of these projects, is the hotspot where new trends in the real estate industry emerge.
The real estate sector is experiencing a boom in the residential projects that offer sales campaigns as of the first months of 2021. Among these campaigns offered, the ‘rental-guaranteed projects’ are the rising stars of the recent period. The companies are giving a guarantee on rental income of certain amounts in periods ranging between one, two, and five years. The goal here is to attract investors towards real estate, as well as increasing house sales.
Guaranteed rent investment, Guaranteed rental income, Guaranteed rental properties for sale & Turnkey projects where the construction companies offer rental-guaranteed properties are another factor that increases the demand. Many companies guarantee a certain amount of rental income to the investors in different periods from one to three years. The amount of income can reach up to three to four thousand Turkish Liras.
In addition to the project developers, insurance companies and banks are trying to help the investors with accumulation accounts that offer rental-guarantee. Even though we will be mainly focusing on developers, it will be necessary to mention the rental guarantee practices that some private companies offer.
Things to Consider in Rental Guarantee Practices
First of all, the rental guarantee shouldn’t be a financial source for a company. If the company sees this model as a financial source, both pats may face some problems later on in the process. Therefore, it is better to choose big companies.
Guaranteed rent investment, Guaranteed rental income, Guaranteed rental properties for sale & The guaranteed rental amount for the buyers may not be identical to the amount that the companies come up with. You should know in advance if the rental guarantee is given in line with the market conditions. The buyers should be aware that no guarantee focuses on inflation or the increase in the rents.
The Rental-Guaranteed Projects in Istanbul
The projects are luring with their locations and convenient prices. Within this context, the buyers are offered a rental guarantee whether it is short-termed or long-termed.
Therefore, the investors choose to invest in rental-guaranteed projects. Most of these properties embrace modern architecture, although some may reflect the traces of the Ottoman design.
Guaranteed rent investment, Guaranteed rental income, Guaranteed rental properties for sale & Many apartment options from the studio flats to 1+1, 2+1, and 3+1 are presented to the buyers’ taste as rental-guaranteed projects all year round.
Is it Possible to Use a Note Payable for Rents?
The rent collection can be made with a note payable, as well. Having leased the property and got the tenant signed the note payable, the homeowner gives the note payable to the bank, and the bank follows up the note payable.
How Does the Rental Guarantee System Work?
Guaranteed rent investment, Guaranteed rental income, Guaranteed rental properties for sale & It is a system designed to protect the rights of particularly the homeowners. Insurance companies list the tenants who work with them according to a certain score quality. When the homeowners ask these companies to find them a good tenant, the insurance companies analyze the tenants regarding their scores and inform the homeowners about the most suitable tenants.
How Much Should You Pay for Rental Guarantee System
Homeowners need to pay an annual subscription fee to benefit from the rental guarantee system, which corresponds to a certain percentage of the annual rental price. For instance, if the monthly rent is 2000₺, then the annual rental income is 24,000₺. If we take the subscription fee for the insurance company as 10% per year, that means the annual subscription fee is 2,400₺.
How to Open a Rent Account in a Bank
Guaranteed rent investment, Guaranteed rental income, Guaranteed rental properties for sale & The property owner can visit any bank and apply for the rent account services. Most banks don’t collect any account maintenance fee over the rent deposited into the account. The tenant, too, should open a bank account to pay the rent via mobile banking services.
Will the Rental-Guaranteed Properties Earn You Money?
Rental-guaranteed properties are most often profitable investments. Particularly, if you’re buying a house using a housing loan, you can pay back the loan with a regular rental income.
Guaranteed rent investment, Guaranteed rental income, Guaranteed rental properties for sale & Because the rental guarantee system eliminates the processes for house tours and following up the payment, it saves time for real estate investors. You won’t have to think over risks such as a vacant home.
What Are the Advantages of the Rental Guarantee System?
The process starts after the homeowner and the tenant unite. The insurance company then follows the rent, tax, and maintenance fee payments. In other words, the homeowner doesn’t have to follow up on such things, which eliminates the problems. Even if the tenant skips the payments, the insurance company pays the rent on the payment day. In this way, the payments are collected regularly and right on time.
Guaranteed rent investment, Guaranteed rental income, Guaranteed rental properties for sale & Your house will be returned to you in the same shape as you delivered the keys to the tenant, without any damage or harm. You won’t be responsible for the maintenance and repair costs, and the monthly maintenance fee or bills. You will always deal with professional parties. In some periods, this system offers advantages such as annual rental payment in advance.
Where Can I Find Rental-Guaranteed Residential Project Brands?
Guaranteed rent investment, Guaranteed rental income, Guaranteed rental properties for sale & There are rental-guaranteed studio flats or 1+1, 2+1, and 3+1 apartment options in Istanbul. You can take a look at the projects on our website or contact our sales team. With its experienced team, Realista Turkey is ready to answer any question of property for sale in Istanbul or throughout Turkey you may have in mind. You can reach us through our contact page or send us a mail to our e-mail address, [email protected].
Invest in Rental-Guaranteed Properties