Sucessful Marketing for your Turkey property

Being a responsible owner

Firstly ensure that you are allowed to let your Turkey property on a short-term basis - check this with someone other than the person or company selling you the Turkish property.

1. Check with the community president if you are buying on a complex that the development's rules do not forbid you from offering short-term lettings lettings of your Turkey property.
   
   
2. Check the community rules for other obligations that you may need to make your tenants aware of in your booking contract.
   
   
3. Get insurance for your rental property – not just building insurance but also liability insurance to cover you for any damage caused by your customers.
   
   
4. Be sure to state in your booking contract that holidaymakers are responsible for arranging their own travel insurance to cover them for any injuries they receive whilst staying in your Turkey property.
   
   
5. Check your Tukey property adheres to all of the security measures required by your insurance policy - this may ask you to install a certain type of door lock, alarms, and locks or bars on accessible windows.
   
   
6. Check your policy for a minimum vacant period clause. This can often necessitate paying a caretaker to visit your Turkey property every 30 to 45 days during the closed season to check that no pipes have burst or taps have been left running.
   
   
7. For your own peace of mind consider the security implications when your Turkey property is unoccupied. It may be best to have a contact in the local area who can check in on your property regularly.
   
   
8. Check on income tax laws in the country where you are buying. These normally necessitate an annual declaration of income and expenses and payment of tax on profit earned.
   
   
9. The UK has double taxation treaties with most countries where British people buy property. This prevents you paying tax twice, but you will still need to declare all income earned from your overseas property. You are then able to declare the amount of tax already paid and then simply pay any difference.
   
   
10. Check for variances in taxation treatment between non-resident and resident status if you are spending the majority of your time outside the UK, as this could save you money.

Nirvana and Holiday Lettings also provide monthly newsletters offering help and advice and of course any special offers to encourage those late bookings of your Turkey property.

Content courtesy of holidaylettings.co.uk