ASKING SEAN

[@RedDevilz91]

Quick question, while doing research on the rental yield of sub-sale properties, how do you know if a particular unit can be rented out? For example on sub-sale units, we can see property prices for sale and for rent on property portals (like property guru, iProperty, prop social, etc.), but how do we know if we buy it we can definitely rent it out? Do we look at the volume of units for rent? e.g. a lot of units (of a particular sqft) available for rent means supply > demand? But there are also multiple agents posting the same units + multiple property portals postings - so how can we tell if the units (of a particular sqft) in a building actually have rental demand?

[@tanyijing8488]

Just act as tenant n message those agent whether still available or not, aim for listing more than 2 to 3 weeks then most prolly u will know the demand

[@RedDevilz91]

From my experience the agent will say yes either way, if rented out already then they’ll show you a different unit - it’d be too time consuming to verify in person like this every time

[@tanyijing8488]

@@RedDevilz91 for me i always ask is it this exact unit? Just make up some lame excuse like u r not in state whatever hence if the unit is not exactly like the pic , please dun waste each other time

[@kenkintel]

Get the valuation done, refinance, get the cash ready for the next opportunity 😊 However, 1200 rental rate for a 800k asset is really current penang rate, i face the same problem too. Owners here offer cut throat rental and rental is poor in most of the area.