Turkey Airbnb Investment Guide
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- Опубликовано: 23 сен 2022
- For consultancy on airbnb short term rental investment in Turkey send me a message!
Whatsapp: wa.me/+905369565130
Email: moaz@thinkturkey.co
Don't forget to follow me on Instagram to get the latest updates:
/ thinkturkey.co
Chapters:
0:24 - Options
0:55 - Doing Nothing
2:21 - Long Term Rental
7:37 - Airbnb Rental
21:55 - Key Locations for Airbnb
26:08 - ROI Sample Apartment
35:17 - Recommendations
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#airbnbturkey #investinturkey #shorttermrentalsturkey
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Amazing info. Thank you
Very interesting episode, I encourage every investor here in Turkey to watch it and follow this channel
Thanks for the feedback and support 🙏
Habibi! thanks for your information ℹ sharing and great videos 🙏
Question 🙋 are there any government references i can study further on airbnb regulations and steps to follow online?
Not really habibi, regulations are not really clear on this topic. Best to work with firms who are doing this already on the ground, and let them manage your property.
@@ThinkTurkey appreciate you
@@ThinkTurkeySalam. Is there any updates on this?
i am working in real estate here in turkey.and I also own a tourism company.can you guide me on where I can obtain a license for airbnb.i have a solid four years of experience in this field .thank you so much in advance.
Great video bro,
U may add if someone invest 1 mill ,how much may he earn in year apoox.
Yes good point. Let’s look at the Istanbul 1+1 apartment in the video for example, it is going for $119k and net returns is $10,150 on short term rental option. Thus the return (pretax) is 8.5%.
I sued tenants for about a year, spent $1,700 on a lawyer, and barely evicted them from my apartment
If so, you are very lucky and very fortunate - usually, you can't evict tenants (as you know)
Hello Do we have to take home insurance before renting out the property? If yes is it worth taking it and how much it will cost for a furnished 1+1 apartment. Thanks
No need for home insurance for renting property.
Greetings, I am an experienced host on Airbnb for a many years in Canada I really appreciate you’re video, it is very informative. I will definitely get permission from other owners and control my first Airbnb in Turkiye legally. In my experience when people are informed this will greatly benefit the experience for hosts, quests, residents and community.
Thank!
This is mandatory, I bought an airbnb and start leasing it only to get surprised that the neighbours are pursuing legal action against me and stopped me from doing it because I didn’t take thier consent. Now my apartment is vacant unfortunately because of this.
99% of people in Türkiye are jealous and envious. That's why they never allow a neighbor's activity@@nayefharb
my apartment is also vacant..Now everybody must be keep vacant
Even if the Tennant pays for everything, if the Tennant doesn’t pay where’s the bonus for renting.
It seems to me that renting in Turkey is as bad as Italy. Hence why hardly anyone rents their properties there. They lock the doors and keep them closed unless it’s holiday rentals.
It seems that all the bells and whistles that Turkey was offering are now being stripped away now… it’s becoming smarter to just buy properties here in Australia once again… sure it costs more to buy, but the rental returns are at least twice as much, and if tenants don’t pay after 60 days they are removed…
Plus our economy works, whereas Turkey is all up in the air and getting worse every day now.
Such a pity 😕
Turkish economy has done incredibly well compared to many countries in last couple years. Check Turkish GDP growth over last couple years.
If Tenant doesn’t pay, ofcourse there are laws in place to evict the tenant from the home. Ofcourse there is a process for this, similar to Australia im sure there is a proper legal process for eviction.
Australia does have good returns though, however most clients looking to buy in Turkey are not looking just for returns alone. It is usually a mix lifestyle or other goals along with investment and returns. We are able to provide a healthy mix of these goals :)
Get in touch for more info:
wa.me/+905369565130
Andi if you even consider @airbnb up to ₺1M in fines, unfortunately
Very important warnings for those who will continue to travel to Turkey throughout the year and are considering renting a house from Airbnb. Within the scope of the new Law in Turkey; Renting a house from Airbnb for a period of less than 100 days has been included in the scope of 'Residential Rental for Tourism Purposes'. Tourists expect imprisonment and fines. Don't let your summer holiday be ruined. If the house is intended for tourism and is a residential flat, all flat owners in the same building must agree to obtain a permit. It will be mandatory to submit the receipt to the Ministry. In summer sites, if a person does not copy and complains about you, you will be imprisoned as a family. An administrative fine of 500 thousand Turkish Liras will be imposed on those who continue their rental activities for tourism purposes without obtaining a permit. For the person who rents a summer event from Airbnb and lives there. A fine of €5,678 and 12 days in prison may be imposed.
What is your source for this info - please share the link
This law is not just a law consisting of 1-2 sentences. It has a more detailed background prepared by experts from the different instutions no need to mention my source here.This is a long and detailed law, but it was published in the media with a short summary you read. It doesn't matter if you are an American or a citizen of another country, if you are involved in something illegal, you will be held accountable according to the laws of this country. Whether or not the renter has done any enough research is not binding on anyone.It's not just about Airbnb either. In a house community or village used by Turkish people as summer houses, and in sections treated like a hotel and motel business, there will be issues for which both the section owner and those inside will be held responsible. Even when this law did not exist, that there were many problems between the renters and the authorities resulted in authorities stations. There will be serious problems between the foreigners renting from airbnb orlike here and the residents of the site. Because, yes, there is a strong possibility that the owners will not fulfill their legal responsibilities for 2-3 months. Just think about it, even if there are an average of 100 houses in a summer site, the homeowner has to get permission from all of them. This is just a part of the law. And it is clear that this will not happen in many places.
up to ₺1M in fines, unfortunately
I need to payout my money in turkey? Can you help me
Airbnb
Do you have this video in Turkish? My host is looking for advice.
You can have him msg me
wa.me/+905369565130
Can you do subletting in turkey? As in rent something long term and then put it on airbnb for profit???
This is not common in Turkiye yet and is a bit challenging if you are trying out as a foreigner
No! And, up to ₺1M in fines, unfortunately
How much do them apartment's cost ..what is the average return on you investment.30% management +22% taxs ..
The Istanbul 1+1 apartment in the video for example is going for $119k and net returns is $10,150 on short term rental option. Thus the return (pretax) is 8.5%.
Taxes you will calculate after taking into account all the expenses then on the total income depending on whether you pay personal or corporate tax it’ll be 22% on total income or in 2023 20%. This is quite standard in most countries you’ll be paying an income tax on your earnings.
Again the 30% mgmt fee covers cleaning, bedsheets linens, taking care of everything. You can do that all yourself and not pay the 30% as well, but you’ll just be spending your time instead. If you’re retired or have extra time on your hands sure that is something you can do to keep busy and save quite a bit off the 30%. Mind you there are other firms who may charge much less as well, this is just an example which I used to cover all the expenses which may occur to stay on the safer side.
I realized I didn’t cover this question of the cost of apt so thanks for bringing it up 🙏
@@ThinkTurkey
So if we let the management company take care of the unit, then we will be left with ~50% of the income?
Well, up to ₺1M in fines, unfortunately
What is the start up cost for Airbnb rental in turkey?
up to ₺1M in fines, unfortunately
what websites can i use to find properties?
You can various websites advertising properties in Turkey. However advise you to be cautious and find an experienced consultant to work with instead (then you can cross check what the consultant/agent is finding for you) - this is a better method imo
Im living in Istanbul and finding properties for people who lives abroad
Asalamalaikum
Which areas are suitable for airbnb iñ antalya if i ivest around 150000$ thanks
Please get in touch for this info /wa
Konyaltii
I live in Antalya contact me
How can I get in touch with you?
Thanks! You can contact me on Whatsapp wa.me/+905369565130
Salaam , Brother I have messaged you in WhatsApp but I think you might be busy so you haven't replied, it's been approx 3 weeks. Thankyou
I saw it will reply isA soon!
Jazakumullah
Can you get me his number?please
I sent a message to the WhatsApp number. No reply. Is the link in the description box still correct?
send me if you need something
I need help in antalya... to payout my money