Rental Management
The short term/holiday rental market as well as the long term rental market in any country is highly competitive, so to rent out your property, you have to offer something different or offer it very cheap.
At Bodrum White Villas, we don’t believe that you should rent your property cheaper, so this is where we can really help you. We look after your guests/tenants as if they were friends and really ensure that they have everything they could ever need.
Choose one of our Property Management package or design your own property management package with us and relax knowing that your home, guests and all administration and bills will be well looked after.
We offer your guests all ranges of hospitality services such as welcome packs, cleaning service, maintenance check on arrival and departure, meet and greets, car hire, tourist or area information etc.
SHORT TERM HOLIDAY RENTALS
We want to ensure your investment in the Turkish sunshine is hassle free and for that reason we offer you a fully comprehensive rental administration package. We organise everything and send you the updates, you don’t need to lift a finger.
For those of you wishing to rent out properties on a short term or holiday basis, we at Bodrum White Properties will make all the relevant photos and together with descriptions will publish it on our rentals websites. We would encourage you to do some home work and should you have your own bookings, guests, colleagues or tenants arriving we will take care of them as well as when you personally visit the property yourselves.
Once we have received a deposit with confirmed reservation we will then inform you on the booked period and everything regarding the reservation is our own full responsibility. We will transfer the relevant net euros/pounds amount into your desired account 7 days after clients have checked out from your property.
Full cleaning and laundry services available and any other services; please see our property management section for details.
• Taking photographs and writing a description of your property.
• Advertising your property on our website, in our Bodrum high street office or with other villa rental websites.
• Full contact with guests, all bookings managed.
• Rent collection.
• Providing you with monthly accounting reports.
• Key holding.
• Main contact point for your guests.
• Our number will be left with the guests in case of emergency and they will be able to contact us.
• Rental advice.
• All booking administration covered, directions and welcome letters sent to guests.
• Organisation of any car hire, airport transfers, welcome packs, cleaning that you or your guests require.
LONG TERM RENTALS (More than 3 Months)
A long term rental can be anything from 3 to 12 months. Regardless of what period of time we’ll let it out for we have the equivalent of minimum 1 months deposit as a guarantee. We do check up on the tenants and will take care of all the hassle, finding good and reliable tenants for your apartment, penthouse or villa in the Bodrum peninsula.
10% commission of the rental price for long term rentals (this is for the duration of the rental contract).
Our rental service covers all areas of the Bodrum Peninsula: Bodrum, Adabuku Bogazici, Yalikavak, Torba, Gumbet, Gundogan, Bitez, Turgutreis, Gumusluk, Gokcebel, Ortakent, Bagla, Yahsi.
• Taking photographs and writing a description of your property.
• Advertising your property on our website, in our Bodrum high street office or with other property rental websites.
• Rent collection and negotiation
• All administration covered, contracts/ lease agreements.
• Utility Bill and Tax payments.
• Key holding.
• Arranging Insurance.
• Main contact point for your tenant and any contractors.
• Rental advice.
RENTAL ADVICE
The Bodrum Peninsula is rapidly expanding with the population increasing through locals (long term rental potential) and tourists (short term holiday rentals). Tourists come from all over the world with a strong supply of turkish nationals from Istanbul, Ankara, Izmir.. They would not even consider going anywhere else which says alot for the appeal of the Bodrum Peninsula.
Location
If you require a guaranteed fixed income then we recommend that for ease of rental your property is located in Bodrum town itself or in the nearby suburbs e.g. Gumbet, Konacik, Bitez, Torba. This appeals to the local and foreign residents for ease of access to amenities, close to work and is still very much open throughout the whole year.
For short term rentals, go anywhere on the Peninsula. The seaside resorts of Adabuku Bogazici, Yalikavak, Gundogan, Bitez, Torba, Turgutreis are very popular with families, the quaint fishing harbour of Gumusluk is the perfect artists retreat, the bar street of Gumbet is packed throughout the summer with sunseekers, the wooden decks of Turkbuku are laiden with Turkeys elite and famous and Bodrum itself… something for everyone.
Furniture
Basically, the options are open here. We receive demand for both furnished and unfurnished properties. The long term repeat renters generally prefer an unfurnished property, however as many people are moving to the area, many are coming to a new life and do not have furnishings already and so you have a large market here. The benefit of providing furniture is that it means you can leave your options open for short and long term rentals, it also means that you can charge a higher rental but obviously have a greater outlay initially.
Long Term Versus Short Term Rental
The benefit of the short term rental is clear, more cash if you rent all season and the fact that you can get to use the property yourself, however the risk is what if you do not rent. If you are not necessarily reliant on the rental income then short term rental is perhaps the greatest cash earner but this very much depends on the location of your property and how well you advertise your property. For short term rentals as well as advertising with ourselves we would recommend that you also advertise yourself to families and friends and on villa rental websites.
Long term rentals are recommended for investors who need a defined income or return from their property. You have the guarantee that you will have a set income every month and can pretty much leave your property investment to run itself with minimum hassle and full peace of mind. Long term tenants will generally (depending on the contract) pay all their utility bills and complex fees. You will just be expected to pay your yearly property taxes, therefore you can easily forecast your accounts for the year.
The above gives you a general guide. For more specific recommendations on your specific property please do not hesitate to contact us.
If you own a villa or apartment in the Bodrum Peninsula and would like to discuss renting it through BODRUM WHITE,
please provide us the details.