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

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Asked by Guo Hao Teo

Asked on 31 Jul 2019

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?

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Junus Eu
Junus Eu
Top Contributor

Top Contributor (Nov)

Level 9. God of Wisdom
Answered on 13 Aug 2019

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.

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Benjamin Tan
Benjamin Tan
Level 3. Wonderkid
Answered on 13 Aug 2019

Try propertyguru

They do have Q&A part

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