basils mum

Greetings to all
Please excuse me asking this question after I have introduced myself. I thought that I had done this several weeks ago on 'the how did you find us question' but I dont know where it went!

I am Lesley and my husband is Ray. We have purchased two properties in Yalikavak up in th hills, one for us with a view to moving out for several months at a time next year work permitting and one for our grown up children as an investment. The properties are due for completion at the end of June and a turkish colleague of out Solicitor would like the option to have a twelve month rental on this one. This one is two bedrooms unfurnished first floor apartment (air conditioning all rooms)with an un interupted valley view on a small development of 20 units with a communal pool. Have you any ideas as to what would be a good and fair price for all? We are thinking that to have someone on site who can also keep an eye on ours during the winter would be a good idea?

Any thoughts would be gratefully recieved. I have been skulking about for some weeks here and you always seem to come up trumps. You are certainly a lot friendlier as a group than some other forums I have visited.

I am looking forward to meeting some of you when we visit for three weeks commencing 28th June.
Thanks all
Lesley

JEANNIE

Welcome to the forum Lesley, i personally have not got an answer for you but i'm sure someone will be able to help.
Jeannie

thurstan

the answer is as high as you can get away with, but as low as you can afford

if you have a mortgage to pay then yoiu might want to cover that with the minimum payment (or you might decide that a small income is better than none and rely on the capital gain to make up the shortfall)

what are other properties renting at? are there any for rent? are there any that are as good as yours. Do you need to furnish it?

Consider the outgoings - who pays for the utilities, the insurance, the sitesi fees, the council tax etc?

Who is responsible for damage? for insurance? for wear and tear?

think about currency - what happens when the exchange rate changes? or the interest rate on the mortgage?

you need to have a definite plan based on thorough research of all the implications

oh, and dont forget the tax on the income - paid in Turkey or in UK

with all that to think about I know my head is spinning so I think I will call it a night

good luck with it

Thurstan

luckycat68

My friends have just rented out their 2 bedroomed apart in Yalikavak to Turkish couple and they are getting 1000 ytl a month - thats fully furnished though . On a 12 month contract
Welcome to TLF - come and see us during your holiday for a "natter "

immac

Whatever rental you settle on, make sure you have a contract and a deposit against unpaid bills and damage.
If you have a little Turkish language you can look at: http://www.emlak.net/

If you put in the region it will show you what Turks are asking for similar property.

Ian

basils mum

Thanks for the advice guys
Lucky Cat- did your friends pay for service charge and utility bills on top of the rental price?

Cheers
lesley

luckycat68

No The tennants will pay that on top