facebookAnyone bought a 1 bed room condominium and rented out for income can share your experience? - Seedly

Guo Hao Teo

Self-Taught Enthusiast at Personal Finance

13 Aug 2019

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Property

Anyone bought a 1 bed room condominium and rented out for income can share your experience?

How is the tenant profile like? Is it easy to get tenants? Is the rental income sustainable?

Discussion (2)

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I've had a tenant (my first) who either didn't pay on time (he usually paid 1 month late), and in general was not contactable. That was a nightmare tenant.

Thankfully, my second tenant(s) are a really nice couple!

With regards to ease of getting tenants, it really depends on the area you are in. The key is in ensuring a high occupancy rate ie. don't leave the unit empty for too long.

Try propertyguru

They do have Q&A part

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