Real Estate in Turkey - Reha Medin Global

PROPERTY MANAGEMENT

Real Estate in Istanbul Turkey - Reha Medin Global

PROPERTY MANAGEMENT

The goal of property management services provided by Reha Medin is to maximize your income and reduce your costs .

There are various services we offer to foreign investors who bought a property in Turkey and cant give their properties oversight.

There is an accounting system in which you can track your income and expenses. This accounting and reporting system is backed up with declared statements and tax documents, all your property management keeps your financial information in one place. With this tracking system, you can control your money and your time. You can manage your property anywhere in the world 24 hours a day, from the comfort of your computer. A secure online account service of the TROPERTY provides up-to-date information about property activity, including vacancy, renting, maintenance, audits and financial reports. 

  • ■ Under our sales company and 250 employees, Our marketing experts gives the quickest service to find the right evaluated tenant for your property. 
  • ■ We negotiate with the tenants on your behalf to get the best value for your property.  
  • ■ We advertise your property using a number of proven methods to connect with a wide audience including putting property ads on top Real-estate websites including Sahibinden.com, Hurriyet.com and installing a “For Lease” sign on property.  
  • ■ We even deal with any tenant issues that may arise, such as rent collections and evictions.
  • ■ We provide owner free access to their unique secure online portal to view historic financial reports and to pay online at any time
  • ■ We help with your insurance, taxes and facility fees and also opening subscriptions for gas, electric and water etc...
  • ■ We provide 24/7 help/support to you if any unexpected maintenance need arise.
  • ■ We offer a large scale and an affordable furniture packages, We also give an internal decoration consultancy.
  • ■ We offer you to get residency permit and do all the paperwork for you.

Property Management Guideline

1. Market the property for rent

a. Preparation of the property for rent
        i. House cleaning and interior optimization for appeal
b. Marketing material preparation and publishing advertisements on various media
c. Dedicating responsible operators within call center for questions, enquiries, and view requests
d. Dedicating responsible agents in the field to meet prospective tenants for viewing
e. Collecting applications with application fee

2. Tenant screening and selection

a. Performing a legal background check to verify:
        i. Identity
        ii. Income
        iii. Credit history
        iv. Rental history
b. Evaluating tenant according to pre-defined criteria and admission of tenant, if eligible

3. Tenant move in

a. Preparing leasing agreement 
b. Confirmation of move in details with tenant
c. Reviewing lease guidelines with tenant regarding payment terms and property maintenance 
d. Inspection of the property with tenant prior to move in and signing of the report verifying the condition of the property as leased to the tenant.
e. Collect first month’s rent and security deposit

4. Rent collection

a. Receiving payments for rent
b. Making sure tenant sticks to payment schedule
c. Sending out pay or quit notices
d. Enforcing late fees

5. Legal advisory

a. Handling all legal disputes or litigations with attorney at law business partners

6. Inspections and Oversight

a. Performing inspections on a scheduled regular basis, agreed upon with the tenant regarding repair requiremens, safety hazards, violations, etc. 
b. Issuing periodic reports regarding the state of the property to the owner

7. Financial

a. Accounting services for the owner on the property 
b. Making payments on behalf of owner (mortgage, insurance, taxes, etc.) 
c. Reporting the record of expenses to the owner 
d. Keeping all means of records for tax purposes and providing annual financial reports with taxation documents
e. Advisory for tax deductions

8. Maintenance, repairs, and remodeling

a. Assume and undertake all maintenance and repairs with dedicated full-time servicemen 
b. Advisory for renovation to increase market value of the property 
c. Provide detailed cost of renovation and market value projection to the owner 
d. Assume and undertake all renovation processes confirmed by the property owner

9. Tenant move out

a. Full inspection of the property prior to move out 
b. Prepare detailed report on the condition of the property and provide to tenant 
c. Confirm the deductions from the security deposit based on the condition of the property as indicated on the report
d. Return the security deposit, or make pay requests to tenant based on the total repairs and reperations costs 
e. Undertake all required repairs and cleaning of the property
f. Change the locks 
g. Re-marketing of the property


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