OMR is so uniquely positioned with growing IT, Start hotels space, Expected grade separators, potential monorail, high spending residents (no offence) - all set to become the most sought out space after CBD (if not already). More importantly, it may become CBD in 5-7 year timeline as well as more wide variety of business that may open here.
Lot of people are investing in this area in terms of apartments (most sought asset type in the affordable range and reduced headache for office goers).. Investment yields in property appreciation and rentals. while property appreciation is always a changing factors, it is always advisable to have maximize the rental income from such properties. Typically thes properties are in the range of premium to super premium category with price range of 4K+ pft
Given the background (stage setting for new readers only), what are the steps invester has to take to maximize rental income in terms of
1. What interiors to be provided along with furniture, decorations, Appliance, etc.
2. Is there a corporate player who assist in gettinig high rental customers like corporate lease or service apartment lease type companies
3. Is there a way we can do a long term lease and have some interiors done as per the leaser's requirements
4. What type of financials been followed (interior upfront cost, damage cost, maintenance cost, etc.,) that may be required for serviced / furnished apartments (pls note it should be widely different from just appartment rental as mostly that is only a deposit + rental and there is no damage waiver / damage rebuild clauses in these types of rentals)
5. Pricing model in place is there a pricing model of % of actual real estate value + interior decoration value that has to be charged as monthly payment
Team who has experience can share your views and help other investors to maximize their revenue as well.. Thanks in advance for anyone's support.