Hossan Lim

30 Aug 2022

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General Investing

Has anyone rented out their condo to serviced apartments providers? what's the experience like? is the returns good?

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C L

01 Sep 2022

Typically, serviced apartments providers will offer lower market rent to condo owners and these owners are in no control to select the tenants. However, owners can be more assured of receiving rental timely and without disruption should the tenants default since the serviced apartments providers are responsible to the owners directly.

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1M45

Edited 30 Aug 2022

Currently owning 2 bedroom.
The rental just sufficient to cover the monthly installment
However, rental income are taxable also there is property tax.
So if you really calculate you will still have a negative net cashflow.
Those play rental usually buy 1 bedroom, lower barrier of entry. But i think is more difficult to exit.
Always go for capital appreciation for Condo.
You just making use of the rental to build your home equity.
typical profit of $200k-$300k over 3-5 years is not uncommon.
But buy the correct property @ a correct price
Try to pay majority of instalment by cash, not CPF for condo.
If u want play rental. HDB (BTO specifically) have a better yield.

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