Your one-stop-landlord guide to the in's and out's of renting. If you feel like taking a step into the waters of property or real estate, check this out.
Landlords usually play around with these 2 terms but most of the time they are somewhat confused which is which. Although they are quiet similar, Rental Yield and ROI and very different because when you want to calculate both figures, there are several things to consider.
As a landlord, you will need a specific protection for the unit you are renting out. Apart from the same coverage that your get from your normal housing insurance, a landlord insurance would cover some other things:
The value of one's property, can go down terribly because of pest infestation. When it comes to your rental, it would sometimes be the deciding factor whether a tenant wants to rent your house or not. If you have an infestation, you might constantly be dealing with complaints from them, as well as a high tenant turnover rate, which cause unnecessary stress and also will be very expensive in the long run.
How does sublet work? In layman terms sublets happens when your initial tenant, rents out the property to another individual. Can a tenant sublet a property? If, the landlord is aware of the sublets, that wouldn’t be a problem. Usually it occurs when the landlord knows the amount of rent he wants and leaves it to one tenant to sort out how to go about the payment. If they are renting out the other rooms, the tenant will inform the landlord out of courtesy.
Tenants, you will either love them or want to evict them. The risk of hiring the wrong tenant is always there for any new or seasoned landlord. However, there are ways to find the best tenant and pick them out from the worst tenants you could possibly imagine.
Memang tidak boleh kita nafikan proses menyewa rumah ni sangat lah temeh. Tak cukup degan tu, kita selalu bimbang dengan keadaan rumah yang kita sewa. Risau maintenance rumah tinggi bila tiada penghuni, risau penyewa rumah bayar bill lambat, risau barang perumahan rosak. Memang tak habis persoalan ni. Oleh itu, pentingnya perjanjian sewa rumah supaya kedua-dua pihak faham akan hak masing-masing. Ia juga boleh mengelakkan jika ada sebarang perselisihan faham.
Before we start, here’s what you need to know about Central Credit Reference Information System (CCRIS) that is controlled and run by Bank Negara and Credit Tip-Off Sdn Bhd (CTOS) that is done by private companies. The infographic below tells you the difference between CTOS and CCRIS: