Elevate by Abiel

28/05/2024

𝟮-𝗕𝗥 𝟮 𝗕𝗮𝘁𝗵 𝗟𝗼𝘄 𝗙𝗹𝗼𝗼𝗿 𝗖𝗼𝗻𝗱𝗼 𝗥𝗲𝗻𝘁𝗲𝗱 𝗮𝘁 𝗛𝗶𝗴𝗵𝗲𝘀𝘁 𝗥𝗮𝘁𝗲

The owner is a long time co-investor with Abiel. This was one of his investment units and he engaged RFP immediately to stage the unit when he collected the keys. He knew that he needed to get it leased out soonest possible, especially knowing that it was new with many other available units then.

Our team got the place staged in a week, photos and videos taken, and got it quickly leased at $4,300/month in 5 days, setting the highest record for a low level unit at the time. However, 2 months into the lease, the tenant had to leave Singapore for work purposes.

The team got down to work again, clearing and cleaning up the unit to be ready for lease once again. This time, in just 2 days, the owner got an offer of $4,650/month, with a very good tenant profile.

He's a happy owner, with a happy tenant.

Check out the recent reel to hear what he has to say about his experience!

25/05/2024

The owner, Elynn, bought this 2-bedroom 1 bath unit at the mega development Treasure @ Tampines. It recently TOP and out of the 2000+ newly completed units, she is one of the many owners preparing her unit for rental.

She was concerned about her ability to rent the unit well due to changes in the rental market in the past year. Plus, she has a very hectic work schedule, which makes it more troublesome for her to head to the east to manage the leasing of the unit, hence she engaged RFP's help.

The team got her unit ready in 2 weeks and quickly searched for a good tenant profile, which eventually got her $3,900/month, which is about $700/month higher than similar units! On top of that, she didn't have to manage all of those herself.

Head over to the recent reel to hear what she has to say!

24/05/2024

This is what Elynn had to say after engaging RFP's help to prepare her newly bought unit for lease.

Look forward to the upcoming post to see the staging and rental income for Elynn's unit!

15/05/2024

This HDB shophouse was previously getting the owner $3400/month in rental.
It is a 2-storey shophouse, with commercial usage below, and residential on top.
Given the rental he was receiving, it is considered relatively low.

When he handed the unit to us to update and lease, it was not in a great condition. Pipes clogged, ceiling peeling, and very bad smell from tenants who did not take care of the unit, especially the residential space upstairs.

𝗜𝘁 𝘁𝗼𝗼𝗸 𝘂𝘀 𝟭.𝟱𝗺𝗼𝗻𝘁𝗵𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗿𝗲𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝘀𝘂𝗯𝘀𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗴𝗼𝘁 𝗶𝘁 𝗳𝘂𝗹𝗹𝘆 𝗳𝗶𝗹𝗹𝗲𝗱! 𝗔𝘁 𝗮 𝗿𝗲𝗻𝘁𝗮𝗹 𝗼𝗳 $𝟳𝟴𝟱𝟬/𝗺𝗼𝗻𝘁𝗵 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗽𝗿𝗲𝘃𝗶𝗼𝘂𝘀 $𝟯𝟰𝟬𝟬/𝗺𝗼𝗻𝘁𝗵, 𝗶𝘁'𝘀 𝗮 𝗱𝗼𝘂𝗯𝗹𝗲𝗱 𝗿𝗲𝗻𝘁𝗮𝗹 𝗶𝗻𝗰𝗼𝗺𝗲! 𝗕𝗲𝘁𝘁𝗲𝗿 𝗾𝘂𝗮𝗹𝗶𝘁𝘆 𝘁𝗲𝗻𝗮𝗻𝘁𝘀, 𝗯𝗲𝘁𝘁𝗲𝗿 𝗺𝗮𝗶𝗻𝘁𝗲𝗻𝗮𝗻𝗰𝗲 (𝗼𝘄𝗻𝗲𝗿 𝗼𝘂𝘁𝘀𝗼𝘂𝗿𝗰𝗲𝗱 𝗵𝗶𝘀 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝘁𝗼 𝘂𝘀), 𝗹𝗼𝗻𝗴𝗲𝗿 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗿𝗲𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗲𝗻𝗮𝗻𝘁𝘀 𝘄𝗵𝗼 𝗮𝗿𝗲 𝘄𝗶𝗹𝗹𝗶𝗻𝗴 𝘁𝗼 𝗽𝗮𝘆 𝗯𝗲𝘁𝘁𝗲𝗿.

Win-win for all!

14/05/2024

09/05/2024

Every project we take over, is a project to make good returns for the investor. Strategic renovations is an investment, not just an expense.

It is not just about making a good looking space. The numbers need to make sense for each landlord. Hence, the approach for the asset enhancement works need to consider costs and returns - where renovation will make a difference in returns will be proposed in the most cost-effective manner; where cost-reduction helps with the outcome will also be considered.

Just a few examples. More to share in upcoming posts!!

08/05/2024

𝗝𝗨𝗠𝗕𝗢 𝗥𝗘𝗡𝗢𝗩𝗔𝗧𝗘𝗗 & 𝗥𝗘𝗡𝗧𝗘𝗗 𝗔𝗧 $𝟮,𝟱𝟬𝟬/𝗥𝗢𝗢𝗠 𝗣𝗘𝗥 𝗠𝗢𝗡𝗧𝗛!

One of our investors , owns a jumbo unit that is extra spacious, and they were faced with too much space due to work commitments largely overseas.

They engaged our team, to further increase their passive income portfolio from properties, to work on the unit to fully utilise the extra spaces that they're not
using.

Renovations only took us less 1.5 months, and we successfully leased each room at $2,500/month for the investor and returned the unit to them - renovated, furnished and rented.

P.S. We're so in love with the patio 🥰😍😍

06/05/2024

Apart from rentals & valuations, many may overlook the importance of good property management and its long term effects on the bottom line.

Taking care of the property and tenants well, means reduction of unnecessary costs & trouble to the landlords. Too many landlords we came across have experienced horror stories of poorly maintained properties and unexpected issues arising from poor profiles of tenants.

Here’s what we do…more to come!!

02/05/2024

𝗧𝗵𝗶𝘀 𝗶𝘀 𝗮𝗻 “𝘂𝗴𝗹𝘆” 𝘀𝗶𝘁𝗲 - 𝘁𝗵𝗲 𝗸𝗶𝗻𝗱 𝘄𝗲 𝗹𝗼𝘃𝗲. It has everything you can ask for, termites,
cockroaches, cat s**t (which also means cats) and rats 😂😂😂

However, it turned out to be a dream project! When we first met with the owner, the neighbour just sold their shophouse for $4.5m.

Halfway through our reno, someone approached the owner with an offer of $6.5m for his property.

Eventually, the owner got a valuation of $6mil after the completion of the asset enhancement.

His rental doubled. Excess cashflow was used to service the capital he invested in the reno with excess for “play” - truly a happy ending.

We returned the keys after the place was fully tenanted. Total hassle free process!