Anyone who wish buying a property to rent out, please keep in mind the following expenses: 1/ Monthly interest on your mortgage, 2/ Monthly property maintenance fees, 3/ Annual property tax (IRAS), 4/ Additional Annual income tax (IRAS) on rental income, 5/ Landlord responsibilities: As a good landlord, be prepared for additional costs related to repairs or replacements as per the tenancy agreement. 6/ Think again for other potential expenses (based on your situation). Many people overlook or are unaware of these expenses in detail. Compare all these expenses with your rental income and potential capital appreciation of your desired property to make an informed decision. Please also make sure follow government regulation in renting your property. And finally, ensure you forecast your cash flow for at least 6 months ahead-the longer, the better.
If Airbnb it can be immediate anyway? Abt earning passively, the common sense - like both write an agreement to it with the payment and both have the papers with own thumbprint and signature?
Anyone who wish buying a property to rent out, please keep in mind the following expenses: 1/ Monthly interest on your mortgage, 2/ Monthly property maintenance fees, 3/ Annual property tax (IRAS), 4/ Additional Annual income tax (IRAS) on rental income, 5/ Landlord responsibilities: As a good landlord, be prepared for additional costs related to repairs or replacements as per the tenancy agreement. 6/ Think again for other potential expenses (based on your situation). Many people overlook or are unaware of these expenses in detail. Compare all these expenses with your rental income and potential capital appreciation of your desired property to make an informed decision. Please also make sure follow government regulation in renting your property. And finally, ensure you forecast your cash flow for at least 6 months ahead-the longer, the better.
Suweettt.. thanks for this 🙇🏻♂️🙌🏻
How about first time renting out room or apartment .
If Airbnb it can be immediate anyway? Abt earning passively, the common sense - like both write an agreement to it with the payment and both have the papers with own thumbprint and signature?
Thanks for this! Really helpful!
Thank you for knowledges
How to engage your service ?
Via email or wapp , I am from KL keen to rent first then purchase
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