Bali property tips regarding How to rent your house in Bali . Robert T Kiyosaki said property investment is the best way to growth your passive income. Sometime people who stay in Bali has 2 until 3 unit house in Bali, one of the unit they rent it out. Bali is one of the best destination in all around the world, property rental become a must. Many hotel growth in Bali, on peak season at December the occupancy of the hotel rental become 80% . Today, do not think about hotel, let’s think about your house .
How to rent your house in Bali
Herewith some item on how to rent your house :
Searching Market price
Start to find the ideal market price for your house rental, find around you, or you may search on OLX.co.id, search the location near you, find other house rental close to your area. Market price is important, if you already know your market price , so your house rental won’t be up than others property , it is more competitive.
Do a little bit renovation to your house. Try to fix between renovation expense cost and Income rate for your house. This is mean not to much cost your money, but make your house more beautiful look. if you confuse, click here about Buy a fully furnished house or empty .
On property ads, i split become 2 item :
- On Home
You have to put a banner to your house, in front of fence is ok. You also have to put a benner around your property, for example put it on a traffic street in front start of your property access.
- Off Home
off is mean you have to put ads online, put your property advertiser on property agent blog that focus only on Bali area. Find a property agent online that cover your area as well.
- On Home
Rental legal document
Prepare your copy Certificate and copy of building permit. you have to discuss with Notary office that close to your property. Sign all rental legal document on Notary office is a must. All of rental papers document will prepare on Notary office , you only come bring two document above , and sign it.
Use property agent
If you can not do a rental house in Bali a lone because of Busy on Office, better you as property agent to secure all rental think , start from item number 1 until item number 4. Let’s property agent handle your house as well.Normally for property rental , the agent ask you about 10% commission / fee .