Risks of investing in Condo for rent that no one has ever told you

It is undeniable that investing in real estate, especially condominiums, is very popular because it is not only safe but also returns a good profit to investors. However, ACU PAY will show you risks that are likely to be encountered frequently in condo investments.

The risk of having more investors

At present, competition in marketing is much higher. More than 50% of condo buyers are investors rather than tenants, whether they buy for speculation or for rent. As a result, competition for investors to attract tenants to rent the property has been intensified. Also, there are plenty of condominium rooms for tenants to choose from, resulting in lower rent prices than targeted. Therefore, investors should study ways and differentiate themselves from their competitors, such as services that allow tenants to recognize that condo landlords are attentive or penetrate the market in terms of the needs and location of each period, making a difference in the aspect of modern and not too old facilities.

Risk of having no tenants

This is the main problem of investing in a condominium for rent which is the fear that there will be no tenants. However, this problem will be solved only when, before deciding to invest in a condominium for rent, you check your location first. You should check which place your condo is located, whether it is near the community, and how convenient it is for people to travel to your condo, such as a hospital, government office, BTS or MRT, or department store, and how much should the rental be. The price should be set to suit the target group so that risk can be minimized and costs can be managed in parallel.

The risk of not self-estimation

You should know your own cost of investment and analyze the risks and possibilities first. Some investors are greedy, they invest in multiple rooms at the same time. To reduce this risk, investors should consider themselves and invest in moderation, which will help us live happily and not be too tense or over-invested and reduce the risk of financial problems.

The risk of having no knowledge

This is very important, no matter what investment you make, risk will definitely come. To reduce the risk, you should study your investment before you start. Ask yourself and answer yourself how long it is profitable, and possibilities, and find information on websites, seminars, books, or listen to successful investors.

Every investment is risky, but if we know first and analyze carefully before we invest, risk becomes an opportunity for a better investment. Real estate is still a type of investment that can be profitable and stable which takes some time to grow. Just think of the above key priorities before you act, you will be more successful and reduce the losses or close the businesses.