So, you have decided to put your Bangkok condo for rent on the market, but before you head down to the agent and start the ball rolling we’ve got 5 things for you to consider helping you find tenant, keep them, and most importantly – earn you money.
1. Stand out from the crowd
Bangkok is home to endless condos, many of them almost identical to one another, particularly when we think of the huge numbers of small, one bedroom condos found all around the city. For prospective tenants trawling the condos of Bangkok they can all start to blur into each other and become forgotten about all too easily. You may think it is nice to leave the interior a blank canvas allowing prospective tenants to make their own mark on the property, and you’d be right to an extent, no one wants to move in to a place that is full of their landlord’s personality and possessions, but there is a happy medium. Why not decorate and style your Bangkok condo for rent before you advertise. Have a good look at the furniture you’re leaving, the condition of the bathroom as well as the walls and the paint on the floor, would you be happy to live somewhere like that? If the answer is ‘no’ to any of these things then your prospective tenants will no doubt feel the same, so do something about it! And while you’re at it add a bit of flair, a touch of color to the walls or a stylish bed or bathroom tiles, and make your condo memorable, and desirable.
2. Cleanliness is next to Godliness
This particularly applies to those who continue to live in their condo whilst tenants come for viewings. It is so important that you keep the standards of cleanliness up to the levels you no doubt had when you took the photos to advertise it in the first place. It doesn’t matter how nice the place is, if tenants have seen an amazing photo beforehand and then arrived to find a dump the sense of disappointment will cast a shadow over the whole viewing.
Now, sticking with the same theme it’s really important that you don’t put your condo on the market with it stuffed full of your old things. Just because you don’t want to take your old kettle to your new condo doesn’t mean your new tenants are going to want it cluttering up their cupboards. While it is one thing to style up your condo with some new furniture or a coat of paint here and there it is quite another to have someone else’s things in a place you’ve just rented. People want to see their new condo as their own, and not be reminded of the previous owner!
4. Find the right price
This may seem obvious, but for many it isn’t. Of course you want to get as much money in your pocket at the end of every month as possible, that goes without saying. However… while you may get lucky every now and again and find a tenant willing to pay the top end asking price the reality is that if you ask for too much your condo may very well sit on the market for longer and tenants will probably move on when they find a better deal, leaving your pockets empty once again! It’s more sensible to ask a little bit less that you’d like and ensure that you’ve got money coming in every month without fail!
5.Pick the right Realty agent
You might have followed all these guidelines perfectly but if you don’t pick the right agent you could risk your condo sitting empty for months. Find an agent which advertises towards the right market for you. For example, if you’re renting a 1 bedroom condo you are probably aiming towards young people, rather than more established people with large families. So, look for an agent with that sort of market. Ask around among friends who’ve rented out properties in the past and scout out a few agents in your neighborhood. You should also be looking for an agent who knows how to present your condo in the best possible way, through photos and descriptions, to make yours stand out and get snatched up in record time!