Real Estate and Rental Law is frequently encountered as a legal problem today. Thanks to the developing construction and housing projects, there are attractive investment areas for citizens both abroad and in the country to invest. Real estate and real estate purchased as a result of projects or large investments are increasing in value day by day, providing big profits to investors.
The growth and diversification of the real estate sector has also caused some problems. As in every field, insoluble problems arise in the consultancy of unauthorized and inexperienced people or companies in this field.
The most important reason for the investment of people who own many real estate is to earn rental income. Real estate purchased for rental income may also be outside the city where the owner is located. Investors do not want to miss opportunities, especially in developing regions. Because the investments they will make here will be more valuable in the future and their rental income will be high because they will buy more real estate. When this is the case, property owners need other people or companies to collect rent. These companies are usually rent collection agencies.
What Does a Rent Collection Agency Do?
A rental collection agency has multiple ways of working. The first of these is to help people rent out their real estates, that is, to find a tenant for the investor and collect rent from the tenant they find. This is one of the classic jobs of a rental agency. For this, a rental agency receives a certain commission from the investor or estate owner. This rate depends on the agreement between both parties. The agreement between the parties must be written, signed and stamped.
You do not need to be outside the city where your property is located to agree a lease collection opportunity. You can also make an agreement with a rent collection agency to collect the real estate in your city.
Some rent collection agencies with a certain investment budget give rent guarantees to real estate owners. More precisely, they rent the real estate themselves and they can rent the real estates they rent to third parties at higher prices. For example, there are 10 apartments in a 5-storey building. The rental agency, which pays 10 thousand dollars per month for 10 apartments, will earn an income of 5000 dollars per month if it rents each of the apartments for 1500 dollars.
It should be noted that all agreements with a rent collection agency must be formalized.
