One of the perks of owning a new private condo is the freedom to rent it out without having to seek approval from the Housing Development Board (HDB). But, there are still some rules you need to follow. Here are some tips to help you figure out the do’s and don’ts of private property rental, and how to get the best deal for yourself.
1. Where to put up your listing
There are plenty of options for anyone looking to list their condos for rent – but get to know the pros and cons of each before you do so. The cheapest and fastest way is to list your place on free online classifieds like Gumtree and Craigslist – but it’s likely you’ll be spending a lot of time sifting through queries. The upside: No agent fees.
To list on more established property sites like Propertyguru, you’ll need the help of a registered agent. You might have to pay, but at least the agent will do most of the work. A good alternative is 99.co, which allows you to list your property on the website for free. It will even send a photographer to take photos, so that your listing gets some attention.