Find a tenant
Looking to find a tenant for your residential property in Singapore and wondering what happens after you contact me?
Before I continue further, I would like to state that I only handle Singapore properties (residential, commercial, industrial) and whole unit rental. I do not handle room rental or rental of overseas properties. I also do not help to find roommate.
Now that I have gotten that out of the way, let me touch on what happens when you engage me to help you look for a tenant for your rental property.
1. Do you have ready tenants?
This is one of the all time favourite questions that landlords contacting me for the first time, like to ask. My answer is, yes and no.
There are some property agencies and property agents in Singapore who are 100% focused on helping tenants (either new to Singapore or already in Singapore for some time) find properties to rent. Such agencies and agents (let’s just call them property agent from this point) usually have some kind of agreement with the human resource departments in some companies whereby any expat staff who requires accommodation will be directed to a particular property agent to help them.
So a typical work week for such a property agent will look something like this,
- shortlisting suitable properties for the tenants he has been assigned
- taking tenants out for viewing
- negotiating rental deals
- completing paperwork
- attending to tenancy issues
This property agent is focused 100% on helping the tenants to look for properties and usually does not do much marketing of properties (acting for landlord to market). Such property agents can say they have “ready tenants” but whether the landlord’s property meets the tenant’s requirements is another story.
When landlords ask me whether I have “ready tenants”, usually I have to tell them no. This is because I am not a tenant based agent and depending on when contact is made, I may or may not be helping a tenant to look for a property at that point in time.
In my work, I work with all types of property clients – buyers, sellers, tenants & landlords. Some corporations but mostly individuals. Since I have been in this industry for a number of years, I do have loyal tenants that I have helped for years and still continue to do so. Depending on the time of the year, I may have situations where I am helping my existing tenants or new tenants (just arrived) look for suitable rental properties to rent.
My definition of “ready tenants” is having tenants (who are ready or about to move) where the landlord’s property fits the tenant’s requirements. That makes the tenant ready to take the property.
So if a landlord calls me at a time when I happen to be helping a tenant and the landlord’s property meets the tenant’s requirement, then I can say “yes, I have ready tenant for you”.