Rentals In North Cyprus

When renting or letting your investment property, it is important to employ a Real Estate agent well versed and who has a strong knowledge of all aspects in the renting field. Agents should be able to source a tenant, take references, draw up the contracts to protect you the landlord. They can collect rents on your behalf and ensure that all the appropriate utility bills have been paid. The agent can ensure that any minor repairs that can happen to any overseas property are carried out by skilled technicians; they will get quotes and liaise direct with you before authorising any work. The agent will keep records of any monies spent on your property whilst you are out of the country and they will email you statements of account at regular intervals. Agents will arrange cleaning of your property as well as offering a laundry service, window cleaning, garden maintenance amongst many other services.

Short Term Rentals: A short term rental is what is more commonly known as a holiday let, this is where any investor can reap a high return on their initial investment, properties are let during the summer months on a week to week basis, however it is customary for the property to be fully furnished. If the property is centrally located, has a swimming pool or the use of one and air conditioning it will commend a high rent.

Long Term Rentals: Properties which are let on a long term basis is guaranteed income, investors can make a choice whether to furnish the property or not. Unfurnished properties will normally commend a lower rent. There is a high demand in North Cyprus for long term rental properties, either apartments or villas. The main clientele is either Students or English people who do not wish to purchase but prefer to rent.

An investor can maximise the income on their property by letting it on a short term basis for the summer period and then letting it for the winter to tenants awaiting their own property to be constructed, they will require a rental property for maximum three to four months. This process allows the landlord to have the property rented all year and yield a high return on their investment.