FAQs for Property Owners
Is renting out a house profitable?
It is. You will generate profits through recurring income. However, the process poses risks at times. This is why you must entrust the agreement to reliable partners like us from the Red Crowns.
How much can I lease out my property for?
To give you an idea about the current rate, the average rental for one person with Red Crowns is $3,500 per month, giving you a chance to gain more than 140 per cent of returns.
Do I need to pay tax for rental income?
Since you are the real estate owner, you must declare the earnings from the lease as a source of income. This means that you are responsible for paying its income tax.
What documents must I prepare to lease out my property?
We will require all legal documents of the land or structure you’re leasing. You also need to prepare clear photographs of the different areas of the land. Moreso, you need proof that you are the owner and have the right to lease it.
Not with us! We’ll handle the process of notification to HDB, and all other related legal processes, for you. You can become a landlord easily and with peace of mind, as we have experience handling all our our units in the same way as well.
If you still have unanswered questions, don’t hesitate to contact us. We are always happy to help and answer any questions you may have.