QUOTE(zest168 @ Jul 8 2011, 05:55 PM)
Please share with us those bad experiences so that we are well aware too
I'll share mine on Awang Hitam:
Physical
- thrashes the house. Broken doors and windows. Some wooden doors/frames/kitchen cabinet expanded due to water seepage. Tiles are chipped and broken. Cracked glasses.
- Furnitures. Well, its thrashed.
- Plumbing. It is plugged with various unimaginable material.
When would you know this? When they have ran away after exhausting your house. Worse would be a situation where you've rented out to Awang Hitam for less than a year. All your +30% rental would not even cover the cost of repair. Penny wise, pound foolish.
Finance
- Good luck in collecting rentals should it be delayed. They are physically superior, naturally and they know it. They do not hesitate to flaunt it.
Environment
- Most have a liking to alcohol. If they are drinking from glass bottles, its sure to turn into pieces scattered around before the session ends.
- The next issue associated with the item above is aggressive behavior. Many things can happen. I've seen stuff flying off balconies.
Well, as an investor, I guess most doesn't care about "environment factor" or how much nuisance it caused to neighbors. But "physical" point above will hurt your investment and your pocket. Proceed at your peril if you insist.