Just bought in Dalyan!

#1
Hi,

Been lurking for a while and read and got lots of great tips on Turkey.

I have been going for quite a few years and have really like Dalyan so have bought a Holiday Home / (maybe) rental property.

Buying with Sunray who seem very reputable and hope to finalise he transaction in November.

Went for a 3 bed Villa (more like a townhouse) in a complex of 4 mostly UK Owned.

Just deciding if its worth renting out at the moment with all the new regulations and people avoiding turkey as they are thinking ISIS are taking up the sunbeds. :)
 
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#4
Why not... unlike most places...Dalyan has a thriving summer rental market... but getting the renting business going is a business undertaking... so maybe better find someone to do it for you...
 
#5
Why not... unlike most places...Dalyan has a thriving summer rental market... but getting the renting business going is a business undertaking... so maybe better find someone to do it for you...
Yep may give it a go. Have some cost:

On top of normal bills to rent:

Guest registration service 1500 TL annually £334.00
Initial accounts set up 450TL £100.00
Annual Accountants fee 1000TL £223.00

So will be £657 down before 1st booking.

Also £50 per complete clean after Guest departure (includes cleaning materials & Basic welcome pack) Plus extra Electricity and Water.

I'm told there is a booking for first two weeks of July where if I decide to rent will see me clear £800 (two weeks) after 15% agents fees.
 
#6
We have a place in Kalkan but our costs are much lower than ScoobyZ.

Guest registration £100 per year
Initial power of attorney for tax purposes was done 9 years ago and can't remember.
Accountant 450 lira each year.
Site management, meet & greet and cleaning/laundry (pre visit full clean, mid week full cleans & linen change, bins daily) £1350 annually.
 
#7
So you make £800 from the booking and you are paying out £657 for the whole year?
So apart from cleaning costs, elec costs (a/c) water, maintenance for the whole year you are already ahead.
Any additional bookings will be profit, after costs.
If you purchased your home as a holiday home I can't see a problem you are already defraying some of your costs.
If you purchased as a business venture then not so good.
I have heard that some owners on a complex are unwilling to pay pool costs and garden maintenance because they have no lets, this means you might be in a difficult situation where you might have to pay all the costs.
If you are buying it for yourselves, as I did, in Dalyan, then just enjoy it, Dalyan is a fantastic place!
Enjoy the experience, everything in life has a risk ,especially buying property abroad but sometimes you just have to go for it.
I know Sunray, they manage my villa, I have no qualms in recommending them but the choice is yours!
 
#9
We were fortunate that we were able lock our bedroom and bathroom off, We wouldn't have let it if I couldn't.
We did very well out of it so no complaints, but as said you have to keep a tight control over it, which we were able to do, we took a breakages deposit, the house was checked and the electric meter read as they left mainly, next day at worst. We had the cleaner go in either day before or day of arrival, she never let us down, we wanted to bring her home she was that good.
In terms of breakages one customer broke a vacuum wine keep cooler and another broke a bedside table lamp. £6 and 25TL respectively, they both let us know on the day.
The facility for not using an accountant is still on the Turkish tax website, it uses the premise of a fixed allowance for deductions and is simple to use, but use it you must, if you set it up as a double entry book keeping system where your costs vary then you have to evidence them, try getting a receipt of Mehmet for painting your walls.
If there have been changes to the declaration system then you must follow those, they do knock on doors and do take action.

Martin
 
#11
so what happens when its off-season and you don't get any guests? do you make up for it by charging higher rents for peak season?
Ahmed, off season the house is locked up, our prices were £450 to £650 per week for central Yalikavak, not rented out for 2 years now though.

Martin
 
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Jaycey

African refugee
#12
so what happens when its off-season and you don't get any guests? do you make up for it by charging higher rents for peak season?
Surely best to draw up an Excel spreadsheet, enter estimated expenditure over the year and calculate your summer rental charges from there.

I only rent long term through a good local emlak in Alanya and, although the monthly income is lower, probably not far off short term rentals over the year and none of the hassle/worry.
 
#13
Surely best to draw up an Excel spreadsheet, enter estimated expenditure over the year and calculate your summer rental charges from there.

I only rent long term through a good local emlak in Alanya and, although the monthly income is lower, probably not far off short term rentals over the year and none of the hassle/worry.
If I rent long term I won't be able to have a holiday there :)
 

Kanga

Senior Member
#17
Originally Posted by ScoobyZ View Post
If I rent long term I won't be able to have a holiday there.


Errmm, wouldn't you want to go somewhere else for a holiday if renting in one place longterm?
 
#18
Originally Posted by ScoobyZ View Post
If I rent long term I won't be able to have a holiday there.


Errmm, wouldn't you want to go somewhere else for a holiday if renting in one place longterm?
I meant if I rent out the property (holiday home) I bought. If I rent out to long term tenants then I wouldn’t be able to go there on my holiday.
 
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#19
So you make £800 from the booking and you are paying out £657 for the whole year?
So apart from cleaning costs, elec costs (a/c) water, maintenance for the whole year you are already ahead.
Any additional bookings will be profit, after costs.
If you purchased your home as a holiday home I can't see a problem you are already defraying some of your costs.
If you purchased as a business venture then not so good.
I have heard that some owners on a complex are unwilling to pay pool costs and garden maintenance because they have no lets, this means you might be in a difficult situation where you might have to pay all the costs.
If you are buying it for yourselves, as I did, in Dalyan, then just enjoy it, Dalyan is a fantastic place!
Enjoy the experience, everything in life has a risk ,especially buying property abroad but sometimes you just have to go for it.
I know Sunray, they manage my villa, I have no qualms in recommending them but the choice is yours!

Hi do you get many weeks rental by using Sunray?
 

angelaturkey

Days On The Beach in Side
#20
If you fancy a stay in Side for a change and only a one hour drive from Alanya, look at staying at the cute little Antonios Hotel in Old Town Side at only 13 Euros per night bed and breakfast and no single supplement either. Or the all inclusive Side Miami Beach hotel which is only 2 minutes walk to the 2nd longest sandy beach in all of Turkey and a lot of rooms have sea views there - recently re-furbished the rooms are very roomy and all of them have balconies. Cost to eat and drink as much as you like every day until 11pm is now £14.50 per day per person. x Angela in Side x
 
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