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Tips for Running an Apartment Rental Business

For a long time, property has been used as a profitable investment instrument, for example apartment investment. Many investors are interested in this type of residence investment, because it is indeed very prospective, especially from the rental market segment.

However, running an apartment rental business isn't as easy as it seems. If you planned a wrong strategy, there's a high change that your apartment won't be rented out. Well, for you who are planning to run an apartment rental business, here are some tips that you can do.

Choose The Strategic Location

Location has a very important role. For that, choose an apartment which has a strategic location, such as close to shopping & education centers, public transportation, offices and so on. More strategic your location are, greater potential for your apartment to be rented out.

Determine the Reasonable Rent Price

Pay attention to the rental price you want to set. Don't set the price too high or too low. Actually there are several ways that can be done to determine the rental price. The first is based on the prevailing prices around the area and the second is using the apartment price formula x capitalization rate (%) = rental price / year. For your information, the average capitalization rate for apartments in Jakarta is 7%-12% per year. For example, if you buy an apartment for Rp. 500 million, the formula that can be used is Rp. 500 million x 7%, then the rental price is Rp. 35 million per year.

Choose an Apartment with Complete Facilities

Choose an apartment that has complete facilities. This is because facilities can encourage someone's interest in renting an apartment. Look for apartment that has a swimming pool, gym, park, children's playground, jogging track and so on.

Digital Advertising

When running an apartment rental business, don't forget to market your apartment via digital, such as social media or marketplace. This method is considered very effective because people nowadays spend more time with smartphones. When placing an apartment rental ad, don't forget to use the best photos with interesting words, so that people are interested in renting your apartment.

Well, for those who are currently planning to run an apartment rental business, The Green Sedayu apartment can be an attractive choice. This vertical residence located in the Cengkareng area, West Jakarta has many advantages that are suitable for apartment investment.

One of them is the strategic location of Green Sedayu Apartment. This apartment is close to the Jakarta Outer Ring Road (JORR) Toll Road, Soekarno Hatta International Airport, educational centers, shopping centers and so on.

This apartment was developed by Agung Sedayu Group with a mixed-use concept. The developer built various towers (Pasadena Tower & New York Tower), hotels and malls there, on an area of 2,2 hectares.

Another advantage is that the apartment is equipped with very complete facilities, such as a swimming pool, mall, children's playground, gym, cafe, cinema, jogging track, 24-hour security system.