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Hi,

Sure you definitely can rent out 2 units and rent 1 nearby your son's school. As tenants have more housing choices and lower housing allowances, it works both ways for you since you are playing the landlord & tenant role.

To get good tenant profiles, you might need to have more reasonable expectations of rental rates. Furnishing wise, well-maintained units having white goods and aircon are easier to rent out. It is also beneficial to work with a full-time realtor as you have a point of contact to ensure things goes smoothly, during signing of Tenancy Agreement and the whole lease tenure.

We have already seen a few cases here whereby the tenants/landlords become distressed due to differences in expectations and treatment. All these issues could have been avoided if a realtor was engaged to manage both parties expectations and concerns from the onset.

May I know which area are you units at? Will be glad to share with you the comparable rental transactions to ensure you are getting value. Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com Read More

Evening,

It's definitely feasible since rental for both units will be enough to cover your existing mortgage and pay for your rental fee. However, do factor in cost like income tax for both unit's rental.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Dear sir/madam,

There is no stopping you to proceed according to what your intentions to. As what my fellow professionals have indicated, to seek a well balance relationship as a landlord/tenant is something not within control, since true colours will only appear upon moving in.

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi, I am sure you know there are more options. Which is the best? Make use of your asset to grow wealth while staying with comfortable home is a ideal. Do you like to know an option to gain passive income with min stress and stay with own sweet home?
I am reachable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Good Day to you,

I understand your intentions.

It is good to be a landlord who earns passive income. However besides monthly rental, you should also consider renting your units out to quality tenants in order to minimise the maintenance costs for your HDB and Condo.

Feel free to contact me should you need help with your property needs. I will be able to assist you.

Best Regards,

Tan Han Wei, Leonard
ERA Realty Network Pte Ltd
 9150 1162 
Leonardtanhw@gmail.com Read More