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Airbnb investing and remodeling in Istanbul: two case studies applicable for the Turkish CBI
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▬▬SUMMARY▬▬
I joined Angelina, my renovations manager in Istanbul, to visit three apartments that have undergone renovations to prepare them for the short-term rental market. We visit two apartments in Osmanbey, as well as one apartment in Gümüşsuyu with a stunning Bosporus view and very interesting rental yields. We examine all of the relevant numbers associated with doing a real estate investment for Airbnb in Istanbul, and explain the difficulties associated with using Airbnb in the city.
00:00 Introduction
01:05 Istanbul apartment tour
03:30 Apartment renovation and remodeling costs in Istanbul
04:40 Adding balcony to Istanbul apartment
06:08 Istanbul apartment bedroom renovation and remodeling
07:06 Istanbul apartment rental yields
08:40 Istanbul apartment rental expenses
10:09 Istanbul apartment before renovation and remodeling
11:36 Gümüşsuyu apartment tour
14:30 Getting Airbnb license in Istanbul
15:30 Bosporus view apartment in Istanbul
16:40 Istanbul Airbnb rental yields
19:30 Get in touch with Angelina
▬▬▬▬▬▬▬▬▬▬ DISCLAIMER ▬▬▬▬▬▬▬▬▬▬
No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.
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