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 Good idea to rent out for 3 years? Pros and Cons

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TSsubaiku
post Dec 28 2023, 05:22 PM, updated 2y ago

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Hey guys, need some input from those of you who have experience. Recently I had some viewings to rent out my condo unit. Got some interested foreign students offered to rent for 3 years. I have usually done only 1 year so far. On one hand seems ok to me because I don't need to worry for the next 3 years. But on the other, if there are any problems, also means locked down for 3 years. (They seem ok lah when meeting them) Also, cannot raise rent.

Any advice?
K555
post Dec 28 2023, 05:30 PM

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Joined: Sep 2022
QUOTE(subaiku @ Dec 28 2023, 05:22 PM)
Hey guys, need some input from those of you who have experience. Recently I had some viewings to rent out my condo unit. Got some interested foreign students offered to rent for 3 years. I have usually done only 1 year so far. On one hand seems ok to me because I don't need to worry for the next 3 years. But on the other, if there are any problems, also means locked down for 3 years. (They seem ok lah when meeting them) Also, cannot raise rent.

Any advice?
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then try 2 + 1 lor with condition to raise not more than certain percentage..
student lagi ma..kesian sikit

 

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