Profit From Your Sunny Beach Ownership

With a combination of perfect climate, miles of pristine beaches

, and a low cost of living, it is no wonder that thousands of people from around the world have chosen this corner of Bulgaria to either work or relax in. Take advantage of opportunities to profit from your Sunny Beach property by using a few simple tricks and deciding which one fits your lifestyle best.

One of the easiest ways to profit from your Bulgaria property ownership is to let the property to holidaymakers when you are not using it. This creates a steady stream of income and, depending on your home country, can also provide some wonderful tax incentives. Of course, you can always arrange to holiday in your property any time you would like. Just specify the time you want to be there, and do not allow anyone to let it during those times.

If you are what is known as an absentee landlord (you do not live on the property or nearby full-time), then it may be worth it to hire a property manager for ease of both maintenance and collecting the rents. Property managers are also good at advertising the properties they manage, which can work in your favour if you find a property manager with whom you work well. You can explain the types of people you are looking for to rent the home or unit, and they will do their best to fill it according to your expectations. And while a property manager does get paid a portion of the rental fee as their commission, it is obviously in their best interests to keep the place filled, providing them--and you--with a steady stream of income.

The other method of profiting from your Sunny Beach property is to sell it at a profit. If you have decided to purchase other property--perhaps a larger property in Sunny Beach--you may need to sell your current property first. Maximising the amount of cash you receive from your current Sunny Beach property will give you more freedom in purchasing other real estate.

Ensure your property is in perfect shape. A good listing will include many photographs, and you want those photos to show off your property to best advantage. If you are not on-site, utilising the services of a broker or real estate agent is an investment that will pay off with a higher sales price. Your agent should be familiar with not only the area, but with the type of property you are selling. For example, an income-producing property will have a different sales audience than will a property for a pensioner. The agent you choose should be familiar with the audience for your property and be able to advise you on marketing to that specific audience.

A real estate investment is a good move, and whether you want to sell property in Bulgaria or profit from letting it, the key to finding that profit is finding the right audience.

by: James P Martin

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