The lesson is straight from being both a broker and investing yourself.

Investment in rental condos is one of the ways to generate cash flow that many people are interested in, because in addition to earning money every month, property values also have an opportunity to increase in the future, but the common problem is that many people buy without planning, making rent not worth the price, or rent difficult!

As here for many years have seen both the success and the crash of investing in condos, I want to share the experience of how to bang.

1. Location is the heart - buy cheap, easy to rent + get price

The first thing I learned is that even if the room is beautiful, if the location doesn't solve the tenant problem, it's hard to let go, look for a project that...

• Near the MTR (up to 500 meters is gold)

• Near job sites such as office districts, major shopping malls, universities or hospitals

• Complete facilities with enough central and parking spaces to meet the number of residents

2.Know the Yield before buying

Many people are only interested in trading prices, but forget to see if the rent is worth the money.

Use a simple formula:

Rental Yield = Rental Yield (Rental Yield) = Rent per annum － Purchase Price × 100

Example: Buy a condo 3 million baht, rent 15,000 baht / month

→ 15,000 × 12 = 180,000 baht / year

→ 180,000 × 3,000,000 = 6%

If it exceeds 5% or more, it is very attractive in the Bangkok market.

3. Make a room nice, not too luxurious, but do not use cheap furniture until the room looks priceless.

I've seen some room owners dress up very luxuriously, use expensive furniture. Finally, the rent can be collected not unlike a room that is plain but full-fledged, or some luxury condos that are usually rented for tens of thousands and hundreds of thousands of thousands are decorated with cheap, unpriced furniture, making it harder to rent, or maybe have to be rented cheaper.

Tip:

• Use a light tone, simple, bright.

• Full Furniture Available (Good Quality): Bed, Fridge, TV, Built-in Washing / Drying Machine

• If the tenant target is foreign, add a desk because Work from home is also popular.

4. Service is more important than thought

As a broker, the rooms that owners maintain and respond quickly often have tenants, such as water leaks, fire breakdowns, air conditioning does not cool quickly, tenants are reassuring and do not move easily.

5. Marketing for customers or professional agencies to take care of

Many of the owners of the room who are marketed to find their own customers, can take care of the tenants themselves, have time to deal with the pussy for the tenants, choose to rent themselves, is considered another option to save agency wages.

But many owners do not have enough time to market for tenants, do not have time to deal with fussy because they have to work, business administration can choose professional agency to take care of from starting to find tenants to take care of the life of the contract, solve various problems instead of the owner.

Summary

Investing a rental condo to bang is not just buying and waiting for the tenant, but is to strategize from choosing a location, calculating returns, decorating a room to be satisfied, and marketing effectively, or having a professional agency to take care of. If you start on the right track, a one-room condo can really be an income-generating and value-added asset in the long run. 😊

# Invest # Invest a rental condo # Rent a condo # Invest in # Real estate