Sorry, didn't mean to offend, not judging tenants wholly on rental, only making a deduction of what I've learned so far about certain pool bracket that needs to be factored in, is all. I used to have Utopia-mindset of people, but was told this world doesn't operate like that :/

I've seen hi-fi people that can behave worse than most decent beings too, so I do understand it boils down to individuals.

but having said this, I wont want to get my hands dirty with low cost flats.

they dun do online banking. therefore month month have to visit them....
the compound and condition they lived in.....I cant bear my stomach.

I believe the mid cost section has the worst tenants of all......

The above facts is why I don't trouble myself with property below 500K. Middle income families have a different mindset from low income families.... sometimes time is more important than money. You don't want money while spending precious time trouble shooting and dealing with constant bullshit.

Low cost doesn't mean it is just 4 walls and a roof.
I've seen low cost places where the tenant inflicted the following damages:-
1) Toilets stolen of anything metal. Clogged up too because they flushed down garbage.
2) Place had GI pipes, every single part of the house that had a pipe was hacked off for the metal.
3) Wires, every single part of it pulled out.
4) Lourve windows hacked out clean.
5) Grilles all gone.

Not saying more "atas" places have no such types, just recently paid off a bill for RM337k for damages done to a condo by not the tenant but his irate Malaysian gf. Thankfully the MNC company he works for signed the lease and not him.

The problem with lowcost tenants isn't so much that they are bad hats, some are genuinely good people just that if the rent is 40-50% of their income, you can bet your last dollar that when push comes to shove rental won't be the highest priority of bills to pay. Car, astro and mobilephone topups as well as ciggies would 100% take precedence.

As they say perceptions and first impressions are often always rights and there usually isn't any smoke without fires.



Once it is 20 years the MOF isn't as good and banks do become reluctant to loan.

Plenty to learn

Its a volume game ain't it?

1 or 2, it becomes problematic, if you have 6-8 then you could always outsource the collection.

It is one of the reasons why I don't touch these types of property investments, used to JV with a few others to do this and rented out rooms. You do make a fair but but unless you have the personality of a gangster or a loanshark or a fierce aunty with very loud voice, this isn't a market worth being anywhere near.

Omg, RM337k of damages?? What did she do?? That's some crazy girlfriend there. Told you these things still shocks me, lol...just can't accept how nutcase some people can get.

It always takes a certain type of people to chase after rentals, doesn't it, lol...if not fierce, people really take nicer people for a ride T_T

Why it cost RM337k?

Basically anything that could be broken or damaged with a sledge hammer she damaged it.

Here's the items that had to be replaced :-

1) 9 pieces of floor to ceiling glass.
2) All the hardwood floor.
3) All the bathrooms.
4) Kitchen cabinets and appliances.
5) Bedroom wardrobes and most of the custom made furniture.
6) Mattress and sofas, basically she used a knife to slash all of it.
7) The plaster ceiling.
8) A chandelier.
9) Some of the plastering because she smeared crap on some of the walls.

All over an American bloke that has an even bigger ego than Donald Trump.

OMG.
Tenant from Hell or rather Malaysia lol
The said property is in which country?

Property is in Bangsar.
Tenant is an American working for an American MNC. The company he worked for signed the lease. In his late 40s.
His gf is a Malaysian Chinese, she is only 19 years old.

Only 19 Must be a drug addict otherwise she wouldn't have done such crazy things.

This post has been edited by W.ROOK: May 16 2019, 10:19 PM

Jaw dropping, oh my goodness...it's just luck, isn't it, to get this sot people renting from you. Can I know how was your reaction when you got the news? @_@

Not gf la. Fubu la.

She had a cannabis addiction, picked it up from him as he was tested positive for it too. Only thing she was hauled up while the company he worked for didn't want a scandal or hot potato to deal with so had him bailed out and whisked home.



I was furious because how I first got to know about it was a neighbour told me there were renovations going on at my unit.

I called him, he said he was trying to hang a picture frame and that the neighbour was exaggerating.

They I received a call from the building manager to inform me that there had been an incident.

I went over and police were there. I was furious at that time.

These days? I view it that I have an essentially brand new place since most things were replaced and the company agreed to cover 75% of the repair bills, paid the remaining 8 months rental on the contract, told me to retain the deposits and paid a further 3 months rent in goodwill in exchange for the matter to be "forgotten"

He probably felt that way am sure. Not sure if she did hehe.

Wahhh...that fella actually tried to hide from you despite it being such a huge incident and damage...I mean, how to hide like that, crazy le...
So lucky neighbour looked out for you and subsequent actions followed... otherwise not sure what else that fella will do to your unit.

Thanks for sharing...and to think this type of tenant profile would give lesser issues, pfftt

my MIL is sooo nice. she let ppl pay her once a year for the total rent. and that is after multiple chats and visit.

andddd still being taken a ride now currently. no pay since dec18 and the rental only rm500.

both working with stable income but dunno why.

it's in their gene.

and she seems not the type of loud aunty one. so much anger cited coz the market is 800-1000 for landed lot house.

Your MIL is a rare human being indeed! Those tenants are seriously taking advantage of her...how can anyone go for such deal '''

Sound like Uber corporate culture.

Every year pay once a year??

Sounds to me they wait for their yearly bonus to pay rent and debts.

An example today for reference.
Low cost flat at Klang. Reserve price starting 20k.
Subsale selling around 60k: https://www.brickz.my/transactions/resident...era/non-landed/



Attracted 25 bidders.
Sold at 80k.
Confirm this is overprice but what to do. This is the available method investors can continue to collect low cost unit.




Here the full story:

Wah, 20k sampai 80k...seems still good since can rent at that rate. Guess he's happy nonetheless, somemore add to collection.

Thanks for sharing this, always enjoyed them

One question about low cost properties...is there a website or a source to check on whether a property is low/medium cost? I came across some that are vague and there's simply no clear info on their status even after searching online.

This post has been edited by pinksapphire: May 19 2019, 03:05 AM