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In this less than exciting rental market, I am undecided about going DIY and getting a property agent's help. Can you convince me that the latter is the better option. I am currently retired and can spare the time and energy to deal with prospective tenants. However, as I am intending to rent out an unfurnished apartment (3 room) leaving the tenant to furnish as they want but at their own cost. My expectation of net yield to me must be better than CPF rate of return. Hence, I worry that the costs of engaging an agent would depress the yield significantly.
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3 Answers

Hi, for your case it is very simple. You could try to DIY first and see if you are able to get any result. If after a few months of fruitless waiting, then you could start to engage an agent to assist you further.

Regards
Aaron
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Dear landlord,

It really depends on how much you intend to spend in terms of advertisements and marketing in order to reach out to the right pool of tenants. Chances are, more than 50% of the responses to your advertisements will be real estate salespersons. While I agree with your objective of generating a decent rental yield from this transaction, we may also need to factor in the probable vacant period throughout the marketing phase. If you are confident in reaching out to the right pool of tenants as effectively as a professional salesperson with an already established network of cobroke partners and tenants, then you should do it on your own. Otherwise I would say it will still be good to work with a handful of partners on this rental assignment.

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