Long-term A Guide to Listing Your Long-term Rental

RENTALS.SG  Residential Rentals

Today Join Our Global Community

Today

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RENTALS.SG and our global property rental website, RENTALSWORLDWIDE.com, are home to over 250,0000 vacation rental properties, more than 140,000 hotel listings worldwide and a growing community of landlords who list their long-term rental properties direct to potential tenants. With rental demand growing in major cities around the world, Singapore is no exception. RENTALS.SG presents a local unique platform for landlords to reach potential tenants without engaging a real estate agent. Advertising your property for rent is a simple online process. You will receive your potential tenant enquiries directly. We do not charge a commission or agent fee and that means great savings by simply Going Direct with a top domain name. All property owners are ID verified by passport, driving license or IC. In this way, we offer a secure community and that helps build trust for potential tenants. You can start listing your property immediately.

Rent your place DIRECT to long-term tenants

Started Let’s Get

Started First impressions always count when it comes to advertising a rental property. Communicating the unique features and benefits of your long-term rental is the key to attracting tenant enquiries. You will be able to create your own headline, description and select from a very comprehensive list of standard property features. You may also highlight the suitability of your property such as child friendliness, wheelchair access and if pets are welcome. Your monthly rate, security deposit and advance rent requirement can be included in the listing as tenants prefer transparency. To apply for membership to list your property will need to have your property information, some great photographs, your passport, IC or driving license and either a Paypal account or credit card ready. Showcase your property in the best possible way in less than 15 minutes.

Uploading your rental property is a simple process

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Simple Keeping The Process

Simple Renting your property is effectively a business and as with all businesses, there are a number of factors to consider when marketing your property. Tenants have a wider choice, they are well educated and well informed of the local Singapore market. Making sure that your property is presented in the best possible way and described fairly and accurately, so that you attract the right tenant quickly and obtain a fair market rental rate, are important factors to consider. You also need to make sure that you conform to all local regulatory requirements and comply with the law. If you are unsure, you should seek advice. At RENTALS.SG, we believe that presenting your property in the best possible way is key to attracting enquiries and finding a tenant. Keeping your costs down is critical to your pocket – which is why, for long-term rentals, we not only empower you to deal direct but save you significant costs on agent commission fees. The business landscape is changing and the model is increasingly through a direct platform.

List your property For Rent and save on agent commissions

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Involvement Decide Your Own Level Of

Involvement Renting your property yourself can be a very satisfying and rewarding experience and besides, no-one knows your property better than you! With RENTALS.SG, you now have the ability to save yourself a considerable amount of money on agent commission fees and advertising, all for a small amount of personal time and involvement. You will also have complete control and will be able to establish a direct relationship with your tenants. No Lease Agreement? If you do not have a standard English language lease agreement to sign with your new tenant, you can simply download one from your control panel and, if appropriate, you can complete the details directly with your tenant. Of course some members may find the tenant directly and pass this to their own agent by negotiating a lower commission fee. You decide your own level of involvement. Invest a little personal time to save money

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Home Prepare and Showcase Your

Home Your property may well be furnished and ready to rent, however it is worth keeping in mind that some very simple points can make a difference in securing a tenant. You are after all, competing with other properties on the market. Basic household items such as kitchen equipment, fridge/freezer, washing machine, dryer, electrics, paintwork and air-conditioning should all be in good order. Tenants will look for signs that the property has been well maintained and is clean. Make sure that the driveway and entrance areas are tidy. Keep the air-conditioning on to make the space comfortable when showing the property. Make minor repairs and remove any garbage. Offer as much information on your property and the local area as you can – schools, shops, transport, parks and restaurants. You should try and make the tenants feel at home in the unit and area. Do not overlook compliance and safety requirements. The property must meet any regulations and safety compliance before you advertise to rent. Please seek advice if you are unsure.

Showcase your property in the best way possible

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Advert Putting Together a Winning

Advert At RENTALS.SG we believe in bringing a highly professional approach to advertising your long-term rental property. With large format images, unique property headline and full description together with a well structured and complete check-list of features, we ensure that nothing is overlooked in bringing your property to life. Agent adverts are typically brief and lack detail and good quality images. Often information is outdated and sites that purport to have nearly or over a “million” properties may do – but how will you ever get found? By understanding that potential tenants look for different information within your advert, it is important to make your description and photographs as strong as possible. By doing this yourself, you leave nothing to chance. A winning advert draws attention and attracts enquiries and that means a potentially improved rental return.

Show great pictures and as much information as possible

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It is very important to take time for photographs. They can present your property better than any words and is important as most people are visual by nature. Interesting photographs are likely to engage with the tenant’s attention. Here are a few tips to help take the best photographs: -  Prepare you property and choose a clear bright day, preferably

with morning sun. Turn off any TV or computer displays, prepare the rooms and remove any unsightly objects. Do remember to take photographs of any special features. Try to avoid people in general photographs.

-  Use natural light and shoot away from the windows to avoid exposure issues. If you require additional light, use the interior lighting but try both with and without the lights on and select the best results.

-  Never display dark or cluttered images. Correct any photographs using simple editing software on your computer and choose the best results.

-  Make sure you have good exterior shots of the property and any views.

-  Showcase your rental property with up to 25 photographs

Simple editing can make for a stunning photograph

1000 Words A Great Photograph is Worth a

Thousand Words

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Rental Rate Advertising With The Right

Rental Rate Much in the same way as a great description together with great photographs attract positive attention, the same detail should be paid to your published rental rates. It is important that the property is not priced too high or too low and as such, it is worth spending a little time to research comparative rates for similar properties in the area. The key to negotiating the final rentals rates is to be friendly and flexible within your limitations. Simply rejecting a good offer without discussion may cost you more in lost income over the coming weeks or months should the property remain unoccupied. With your potential cost savings, you may be able to make some concessions to close the rental rather than miss a good opportunity.

Target local and expatriate tenants in Singapore

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Enquiries Responding to Your

Enquiries When a potential tenant makes an enquiry, they will contact you directly through the enquiry system to your account. You will also be alerted by email. The tenants or your own email will not be disclosed until such a time as you both agree to share your contact information directly. Our advice is to always respond to tenants on the same day as you receive the enquiry to improve the chances of a successful appointment. Always include as much information as the tenant may have requested. Responding to enquiries presents an ideal opportunity to get to know each other and establish an early relationship. Your tenant will want to view the property, so provide clear meeting point instructions when arranging a viewing. Please remember our earlier advise on preparing the property to show at its best. Receive and manage your enquiries through your control panel

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Tenants Meeting Your Potential

Tenants Meeting with your potential tenants should be a positive and friendly experience. Be prepared for the meeting with a Letter of Intent or similar document and a draft Tenancy Agreement. You may want to prepare your own, but a sample in English is provided on your control panel for your convenience. Show the benefits of the property and listen for feedback. Be clear and flexible, within your limits, to any requests as this will influence the tenant decision making process. Clarify the rental rate and the responsibility of each party towards the security deposit, notice periods and bills. Having now shown or given the details of your property and explained the features and benefits, you can simply ask for a decision and agree.

Renting your own place can be a rewarding experience

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Payments The Tenancy Agreement

Deposit & Payments As soon as you have signed a Letter of Intent and prior to signing the Tenancy Agreement, you should take an agreed non-refundable deposit to remove the property from the market. You will also need a copy of the tenant’s ID and any references. Upon signing the Tenancy Agreement, you should secure the advance rent and a security deposit. Often the non-refundable deposit will be converted to become the security deposit. You should provide a receipt and provide your bank details to the tenant for the ongoing rental payments. Registering a Tenancy Agreement is required and in Singapore this is a simple on-line process with IRAS. If you are unclear, check online to ensure that you are following the correct process.

Rent out your place and see how easy it can be

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Tenants Preparing For Your

Tenants Now you are ready for your tenants to move in. The following are a few pointers and reminders to help with a successful transition. -  Make sure the property is clean, any repair work and servicing

has been completed. -  Remind your tenants to arrange for the transfer of utility bills to

their name and take a meter reading. -  Explain how to operate any systems such as security alarms. -  Prepare the key sets. -  Prepare and together with the tenant review and sign the

inventory list. You can download a useful starter list to help you from your control panel. Each party should keep a signed copy.

-  You may like to take photographs to avoid any future disputes. -  If there is any damage to the property, fixtures or fittings, then

this should be noted and countersigned by both parties. -  Confirm that you have a copy of your tenants official ID.

Let the tenants settle in.

A new place, a new experience

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Factors Key Success

Factors RENTALS.SG enables members to Go Direct, reach a wide audience and save on agent commission fees. Our service is simple and the savings can be considerable. Here are a few tips to help with your success. -  Take great photographs and write a captivating description of

your property. -  Be timely when responding to enquiries -  Keep accurate records of the tenancy throughout the period -  Maintain a good relationship with your tenants -  Resolve any potential problems early -  Insure your property -  Maintain the property throughout the tenancy -  Ensure that you comply with all local regulations Find a place around the world

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Membership Opening An Account & Enjoy

Membership Opening an membership account to advertise your long-term rental property is a simple process. Just click the “List Your Property” button, complete your registration details. Uploading your property details is simple and secure. The membership fee is valid for 6 months and if your property is not rented within that time, you may extend for a further 6 months, free of charge. If you have rented your property already, the listing will expire naturally. Membership is paid once, in advance for the first 6 month period. We keep advertising periods “short” to ensure that the properties that are available within the marketplace remain relevant. It is not in the landlord or tenants interest to have out dated properties advertised. If you own or manage four properties or more, you may contact us directly and a specialist will assist you. Just click the “List Your Property” icon now to list your long-term rental property. Let’s get started!

Become a Member and list your property for rent

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Registered Office: The PHILLIPS Group Pte Ltd 8 Robinson Road | ASO Building | #06.00 | Singapore | 048544 All rights are reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means. This includes but is not limited to photocopying, recording, or other electronic or mechanical methods, without prior written permission of The PHILLIPS Group Pte Ltd. The PHILLIPS Group Pte Ltd have made every effort to ensure the accuracy and completeness of the information contained in this brochure and we assume no responsibility for errors, in accuracies, omissions, or any inconsistency herein. Any likeness or similarity to people, places or organisations is unintentional and purely coincidental. Local rules and regulations vary by country. Be sure to check with your local authorities before listing or renting your property long-term. Always refer to our Terms & Conditions and Privacy Policy on our website. Copyright © 2014, The PHILLIPS Group Pte Ltd

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