A Practical Rental Property Guide for Landlords

Rental pricing follows evidence, not sentiment. Compare three to five genuinely similar units in the same society, then adjust for floor, furnishing, parking and views. An overpriced unit that sits vacant for two months usually costs more than a slightly lower rent agreed in one week.

Screening protects the asset. Confirm employment or business documentation, verify the previous tenancy if possible, and always complete a written agreement that states notice periods and utility responsibility clearly.

Furnished and serviced units earn more per square foot in Pakistan's larger cities, but only where management is professional. Housekeeping, appliance replacement and faster turnover all need to be budgeted.

Keep a maintenance reserve equal to roughly one month's rent per year. It removes the temptation to delay small repairs, which is the most common reason tenants leave good units.