If your model involves short-term daily rentals rather than long-term leases, thoroughly research the licensing requirements for such activities and the status of the property (we covered this in a separate article on Airbnb licenses). While there are specific risks, you won't face the problem of multi-year eviction procedures.
In your financial model, factor in a scenario where the property generates no income for one or two years if the tenant proves problematic. This, rather than the theoretical rental rate, determines the true stability of your investment.
Are you planning to buy an apartment for rent in Turkey or have you encountered a problematic tenant? We can help you correctly draft the contract and eviction commitment, and also provide support if the matter has already reached court. Contact us.
