Our services for single-family units and flats begin with preparing your property for rent prior to finding a qualified tenant. We continue to provide full-scale services in order to safeguard and preserve the value and return on your property after the tenant takes possession of the property. By the time your tenant is ready to vacate, we conduct a complete exit inspection and we go on to find another qualified tenant.
While individual property types and owner requirements are unique, listed below is a brief description of the services provided by OYPRO before, during and after a tenant takes possession of your property:
Preparing Property:
Prior to putting it into market, one of our in-house inspectors will visit your property in order to assess the condition and specify possible hazards or potential problems if any. A detailed report with digital photo documentation will be provided for your review including recommendations for repairs or upgrades to improve the attractiveness of the property to prospective tenants. Necessary maintenance and a thorough cleaning will also be conducted before the property is rented to the prospective tenant. The ability to command optimum rents depends not only the desirability of the location and condition of the property but also on the first impression the prospective tenant will have.
Property Evaluation and Market Analysis:
In order to ensure that your property is rented at the maximum possible amount within the minimum days of vacancy, we will conduct a detailed analysis of the neighborhood and similar properties in the market. To be able to assess the impact of future trends on rental prices, our analysis include the current state of the economy, supply and demand, neighborhood amenities and facilities and the planned projects. Our rental agents consistently cover most areas of Istanbul and always keep current on the rental market in Istanbul.
Marketing Efforts:
We will submit ads on internet websites, post signs on the property if appropriate, place newspaper ads and work with 3rd party brokers to ensure the property is rented within the minimum period of time.
Qualifying Tenants:
Our screening process is designed to ensure that the most qualified tenants in the market are chosen for the possession of the property during the time of the contract. Our screening process includes contacting past landlords for rental history, inspecting employment history for income verification and checking the integrity of all documents submitted by the prospective tenant.
Preparing Rental Agreements:
Our lawyers will craft a customized rental agreement to ensure all clauses and provisions are included that may be unique to any property.
Legal Support:
In case of non-payment by the tenants, our in-house lawyers provide the legal support necessary including issuing notices, sending summons, file for eviction cases, and appear in court on behalf of the property owner.
Repair and Maintenance:
If the property is a single unit apartment within a building, according to common contracts in practice, usually the tenant is responsible for general maintenance and service charges. However, the landlord will still be responsible for major upgrades, renovation or restoration charges. Oypro will attend the building’s management meetings on behalf of the landlord to ensure that the rights of the landlord is protected and most efficient decisions are taken.
For single-family houses, Oypro provides repair and maintenance services through its vendors and reflect the charges to the property owner with no mark-ups or handling fees. The property manager can be reached 7 days a week and will immediately direct the proper vendor for any repairs necessary. Due to our long-term relationships with our vendors, we can ensure that the repair will be handled at the lowest costs in the industry.
Rent Collection and Monthly Statements:
The rent will be collected on the first of each month. The rent is transferred to the landlord’s bank account and a detailed monthly statement is e-mailed before the end of first week.
Tenant Relations:
Because agent/tenant relationship is crucial to any property’s success, a property manager will be assigned for each tenant. Duties of the property manager include accommodating all reasonable maintenance requests and complaints and ensure consistent tenant relations. Happy tenants are more likely to renew their rental contracts and make their monthly payments on time. This results in lower management costs and enhances the return on the property.
Exit Inspections:
By the time the tenant is ready to vacate the property, a thorough exit inspection will be performed to ensure the condition of the property. Necessary amounts will be deducted before the deposit is returned in case of any damages.
Utility Payments:
In some cases, the landlord could be held responsible for delinquent utility accounts left behind by the tenants. Oypro will contact the relevant authorities to ensure that the utility payments for the property are done promptly.
Property, Environment and Income Tax Declaration:
On bahalf of the landlord, Oypro will work to ensure that the landlord complies with all the tax liabilites associated with the property.
Do you need Professional Management Services?
- Do you have enough time and resources to deal with your tenants in Istanbul each time they have a problem?
- Are you able to get legal assistance at no cost while dealing with non-paying tenants?
- Do you know more than a few real estate agents in Istanbul who can commit time to find a tenant especially for your property?
- Do you have relationships with contractors in Istanbul who can provide top quality services at reasonable prices?
- Do you have means to check the physical condition of your properties in Istanbul more than once every year?
- Do you have a professionally crafted rent agreement and do you know all the clauses that need to be included in this agreement in accordance with the Turkish Real Estate laws?
- Do you have reliable means to determine fair market rent for your property?
If you answer "NO" to one or more of these questions, you may be able to increase your rental income by hiring professional flat management services. Bad decisions like your property being vacant for an extra month due to not enough marketing or unexpected costs like legal fees could more than offset the fees associated with hiring a professional management company. We can perform all services from collecting rent to maintaining your property or assisting with legal matters to finding qualified tenants and save you from these hassles leaving you with more time to focus on your core business - what you do best.