Lots of property buyers look for investment opportunities in the first place. It is one of the most popular ways to keep and multiply your income. But just like every other type of investment, this one needs a correct approach that can help you to avoid mistakes. Learn them before becoming an investor.
Risky Business
Investment depends a lot on the situation on the market, stock prices and even natural events. And every potential investor needs a lot of knowledge. That's why lots of people consider buying property as a pretty simple way to invest their capital, whether the property is in their country or abroad.
The risks seem quite obvious: you can learn the current state of the real estate market early on, choose a particular residential compound or a district, bank on a beach property for vacational renting or less touristic places with long-term renting potential. You may think, considering such details is self-evident. Nevertheless, newly-made landlords are making the same mistakes over and over again in every country.
Gladly, we are here for you. And today we are going to tell about typical rental mistakes that investors can avoid.
Ignoring Tax Advantages
Landlords tend to ignore tax advantages, while it can increase their income or help with the dept, if credit had been used for a purchase.
Different countries offer different conditions for foreign buyers. Places like Cyprus offer tax reduction, if you buy a specific type of property. Some countries allow you to benefit from ownership with tax deductibility.
Therefore, when buying property always learn as much as possible both about tax payments and tax benefits.
People often forget that real estate market is different for landlords and sellers. Property prices can stay similar for a long time, while rent can grow each year and become seasonal, depending on the area.
Checking and changing the renting price is important, whether you offer a long-term or seasonal rent. It is much more beneficial to you as a landlord to make the price just a little hire each 6-12 months instead of increasing it once every several year on a big sum. Seasonal rent must be floating as well.
Keeping the same price for a seasons rent all year long is not a successful tactic that can only help you to lose potential clients and decrease the income. You will not lose much of a potential benefit with a slight reduction of the price. But you will lose a lot, if nobody occupies your property for the demanded price.
Cheack Out Properties for Rent
1 050 € per month
Flat in Alanya, Turkey
55 sq.m1
RestProperty
1 650 € per month
Flat in Alanya, Turkey
60 sq.m1
RestProperty
60 € per day
Flat in Chalkidiki, Greece
36 sq.m11
For rent a studio of 36 m² located on the second floor.
It consists of a single room with living room and kitchen, 1 bathroom and balcony.
Also, there is: diesel heating, A/C unit, electric appliances, safety door.
It can accommodate up to 3 adults or 2 adults and 2 children.
Cost per night for 2 persons (+ 5 € for every...
El Greko
1 500 € per month
Penthouse in Alanya, Turkey
140 sq.m43
The residential complex is located just 150 meters from the central street of the city - Ataturk Avenue. Along the complex there is a pedestrian alley leading directly to the sea, which is a 3-minute walk away. The complex is also located near all the amenities of the city infrastructure.
The complex consists of one 4-storey building and an...
Ataberk estate
1 200 € per month
Flat in Alanya, Turkey
60 sq.m21
The proposed 1+1 layout apartment with a total area of 42 sq.m. is located on the 4th floor. This layout includes a bedroom, a living room combined with a kitchen area, a bathroom with a shower and a balcony.
In the apartment: ceramic floor tiles, electrically heated floors, high-quality plumbing, wireless Internet, satellite TV.
Household...
Ataberk estate
800 € per month
Flat in Alanya, Turkey
56 sq.m21
Two–room apartments on the Mediterranean coast in a residential complex with excellent infrastructure, 500 meters from the beach - an excellent option for a holiday.
The apartment has a 1+1-bedroom layout, a living room combined with an American-style kitchen, a bathroom and a balcony with a view of the complex. The apartment is equipped with...
Ataberk estate
1 200 € per month
Flat in Alanya, Turkey
60 sq.m21
Holiday apartment by the sea in an elite residential complex with excellent infrastructure in the area of Keykubat beach – Hadget Square.
Stylish two–room apartment, located on the 2nd floor, layout 1 + 1 - one bedroom, living room, American-style kitchen, bathroom and one balcony. The apartment is new, all furniture and appliances are new,...
Ataberk estate
6 800 € per month
Flat in Jurmala, Latvia
141 sq.m43
For long-term and short-term rentals, an exclusive penthouse is offered in a new complex in the center of Jurmala-Dzintari.
The apartment has a hall, a living room combined with a kitchen, three isolated bedrooms and three bathrooms. There is a spacious terrace with access to both the living room and the bedroom. There is also a roof terrace...
A wonderful holiday by the sea is possible not only in the hotel. For rent a beautiful furnished 1 + 1 apartment on the Mediterranean coast. Mahmutlardistrict, there are markets nearby.
The infrastructure includes a full range of services for a more comfortable stay. The territory is closed and guarded.
The layout of the apartments is a...
A vacation in a comfortable apartment is a great alternative to staying in a hotel, especially if the infrastructure of the complex can be compared to a five-star hotel. We offer you luxury apartments that are located in such a complex in the modern area of Tosmur, Alanya. On the territory of the complex there are adult and children's pools,...
Alanya Brand Group
350 € per month
Flat in Trabzon, Turkey
150 sq.m432
Online ViewingRemote Transaction
We have about 500 apartments for rent for any budget, monthly and annually!
FORUM Shopping Center is a 15-minute walk away.
5 km to the city center.
There are all conditions for living.
Gorgeous sea view.
Our company has a long 10-year history and thousands of satisfied customers. We specialize in real estate and investment. Our team...
TRABZON INVEST
850 € per month
Flat in Manavgat, Turkey
60 sq.m211
Apartment 1+1 near the sea in Side.
Full support for a residence permit in Turkey.
MS EMLAK MANAVGAT
4 000 € per month
Flat in Barcelona, Spain
109 sq.m432
The apartment with a new renovation and a terrace with views of the Sagrada Familia is ready to receive the first guests.Fully equipped, there is everything you need for a comfortable stay. Sagrada Familia View is a self-catering apartment located 1.4 km from Dom Mila and 1.5 km from Dom Baglio, 2.4 km from Palace of Catalan Music, and 2.5 km...
LUXBARCELONA
835 € per month
Flat in Antalya, Turkey
120 sq.m432
Online Viewing
Apartment for rent 3 + 1 in mkr.Persimmon/Konalty, located on the 2nd floor of an 8-storey building. The apartment consists of a living room, three bedrooms, a kitchen, a balcony, 2 bathrooms and is equipped with all necessary furniture and appliances for a comfortable stay.
THE LOCATION OF THE OBJECT IS INDICATED ON THE MAP EXACTLY!
RENTAL...
ANTREAL
950 € per month
Flat in Jurmala, Latvia
80 sq.m21
We offer for rent a 2-room apartment in Jurmala, Dzintari, in a new 8-storey complex "Jurmala wave". The apartment has a spacious living room, kitchen, isolated bedroom, bathroom, dressing room. The apartment is offered with full finishing, built-in kitchen, appliances, furniture. Autonomous gas heating, water and sewerage - urban, fire and...
VIP Real
700 € per month
Flat in Jurmala, Latvia
63 sq.m31
A cozy apartment is offered for long-term rent in
Lielupe, in the RIVIERA project.The apartment consists of a corridor, a spacious living
room combined with a kitchen, two separate bedrooms, a bathroom with a bathtub.The apartment is fully furnished and equipped with all
necessary household appliances.The project is located on the very bank of...
VIP Real
2 784 € per month
Loft in Antalya, Turkey
180 sq.m532
Online ViewingRemote Transaction
Loft apartment in one of the most prestigious complexes of Antalya Casaba!!!
Fully furnished (luxury furniture). Proximity to the sea - Konyaalti beaches
The area is open for residence permits
Please contact us by phone to make an appointment for a screening and more detailed information
Icon Invest
120 € per day
Flat in Istanbul, Turkey
150 sq.m321
BNB-26766062 Our company has a long 10-year history and thousands of satisfied customers. We specialize in real estate and investment. Our team consists of 40 people, the headquarters of the company is located in Trabzon, as well as the branches of “Trabzon Invest” are represented in St. Ambula, And Nkara and Zmira.We work in 34 provinces of...
TRABZON INVEST
790 € per month
Studio in Ljubljana, Slovenia
31 sq.m1
Furnished studio apartment with its own parking in Ljubljana.
We rent a nice one-room apartment in Shishka: Fully furnished, with its own parking space.
Explore the charm of modern living in a cozy studio apartment located in the popular Celovski Dvori area of Šiška. This bright apartment is ideal for young business people, combining...
GALINVEST
780 € per month
Flat in Antalya, Turkey
110 sq.m322
Online ViewingRemote Transaction
A two-bedroom large apartment with two bathrooms, two balconies, fully furnished and equipped is located in the popular area of Arapsuyu Konyaalti, a 5-minute walk from the sea.
Suitable for obtaining a residence permit
For more information, please contact us in private messages
If you want to buy property in a particular region or a country, because everyone does so, then your reasoning must be reconsidered.
It is absolutely ok to buy a flat on a Spanish shore due to nostalgic childhood memories of your family vacation. But that is not a good basis for an investment. If you goal is to make money, then before making a final payment get rid of emotional involvement and think about economic factors that can influence rentability of your real estate. Whether it is economic crisis, high unemployment rates or even a risk of earthquakes, each of these factors can make property more or less attractive.
Growing prices in Bulgaria drew lots of foreign buyers since the middle of 2000s. Low prices, big stream of tourists and a great renting potential helped quite a lot. But the prices started to fall down after 2014 and many owners struggled to sell their realty for a reasonable price. The selling as a process became difficult in general. And even though the market stabilized since, the prices still have not came back to the previous numbers. Those who kept their eyes on the ball, did not lose and even gained more from this situation. Because it is important to keep your knowledge relevant.
Some owners control the process of renting fully on their own. And it can be done, if you have a small flat nearby or that is the main source of your income. In the second case, you can make it your work, if you’d like to.
But for many investors rental property is considered more as a passive income. And in a willing to make it bigger, they can try to save money on management by doing everything by themselves. This is the exact moment, when they become less concentrated on details. The risk of losing money grows.
Don’t think that saving money on extra services can make it more in the end, if you are not ready to dedicate a lot of time in the process. It is especially important for properties overseas, when you cannot visit it each time needed. Managing companies can help you a lot with taking care of your flat or house, finding tenants and controlling payments. Such a step can make your investment safer and analyze, when it is time to get rid of the property or maybe purchase another one.
Being human means making mistakes all the time, even if they were happening before. But it is pretty easy to dig in just a little deeper into the basics to significantly decrease the chance of risks. There is still a probability to make something wrong in the process. But losing a dollar is less sad, then losing a thousand. Stay mindful and good luck in your future investments.
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