Hi there,
It'll save you the hassle and contractual/legal obligations by engaging an agent to market your unit for you.
Real estate agents usually already have wide contacts in the field plus already have existing and effective marketing tools to help you market your unit at a more cost effective way than if you were to do it yourself.
There's actually not much to pricing techniques-price it too high, and the unit stays on the market for longer, meaning you lose out on passive income and rental proceeds to help you with your mortgage and maintenance fees.
Likewise, price it too low, and rental proceeds are unable to cover your monthly installments and maintenance, taking into account unforeseen wear and tear during the period of tenancy or some sprucing up/painting fees incurred when your current tenant moves out. Also consider if you might have to replace any worn furniture and your agents fees.
Having taken into account all the above, you would need to find out how much others are renting out a similar unit at your area.
Leaving the sums, market analysis, and negotiating to real estate agents is always a more cost effective way to do it. Consider the number of viewings to be conducted and the some of the unreasonable objections you would have handle from potential tenants. Its always wiser to keep a distance from tenants as being the proud owner of your unit, some landlords may turn emotional during the negotiation process.
Leave all this hassle to us, we are trained in handling objections and negotiation processes, presenting your unit in its best light while helping you to sieve out less serious or potential "terror tenants".
Feel free to contact me for a non-obligatory discussion on rental processes. Have a great day.
Best regards,
Anthony Tan,
Certified Estate Agent(IEA)
Propnex Realty Pte Ltd
96936996
yourtrustedrealtors@gmail.com
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