QUOTE(bigmamma @ Jul 8 2013, 06:09 AM)
Too many units are available for rent. My semi furnished unit in R2 has been in the market for the past 5 months, nice unit, good location, cheap rental but no takers. It is really a tenant's market. I simple refuse to rent to Africans especially students. One of them offered me RM2100 for my 1007sf unit which current rental is only around RM:1700. I am even more suspicious. i can hold but I am afraid many others cannot. I am really disappointed with the rental market at Setia Walk. I am giving it another 3 months to rent failing which I will sell before the place is invaded by more Africans.
"Invest in property for genetating passive income"
A very simple and understandable sentence, but in reality it is quite hard to execute.
Market price (rental rate, ROI, selling price) will change if other factor is not constant. This mth rental 1500 doesn't means that next mth / yr must be 1500, I hv a 3-rooms 1350sf unit, just finish renovating (fully firnished), asking 2600/mth, if mkt response no gd, I will adjust lower, within 2-mths must rent out, drop to the level tenant accepted. (Even below 1500/mth).
Rental play also need holding power.
For landed property, I am prepare to hold 18 mths without renting (before dispose it off).