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 Rent out to Expats

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TSBlackPen
post May 15 2019, 05:36 PM, updated 7y ago

GOD Hand
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Senior Member
867 posts

Joined: Apr 2010
From: Buddha Hand



Hi, just come across some property agents prospect are expats.

Just get my condo (PJ) not long ago and did some major renovation (fully furnish)

here some of the details agent send to me:-

Tenant profile 1:

Nationality :Thai
Sex:Female
Pax:one
Occupation :Events & Digital Marketer Director
Tenancy :1+1year
Budget: RmXXXX per month
Commencement date:June (somewhere middle maybe)
Studio fully furnished : With washing machine & TV

Tenant profile 2:

Nationality : Korean
Race: Asian
Sex: F
Occupation : English Teacher
Tenancy 1 year
Budget: RmXXXX per month
When to start? Asap

Anyone encounter before? First time encounter expats. Mind share what your though and concern? Tq notworthy.gif made arrangement to visit the house on weekend

This post has been edited by BlackPen: May 15 2019, 05:40 PM
TSBlackPen
post May 15 2019, 06:10 PM

GOD Hand
*****
Senior Member
867 posts

Joined: Apr 2010
From: Buddha Hand



QUOTE(abu.shofwan @ May 15 2019, 05:49 PM)
For me, it doesn't really matter what nationality. If the person is bad, then don't accept.

I lived in a condo in KL before, filles with expats. Some are noisy (to the extent can hear them ML... Dang! ), some are good/kind hearted...

Good luck with your potential tenants.
*
So far I never encounter expats..Didn't know their behavior, so hope any sifu here can advise sweat.gif

to me..like some sort of too happy to be true as expats monthly rental higher compare to local. Just worried that is a scammer things? laugh.gif

ML sound, you must be enjoyce laugh.gif laugh.gif laugh.gif
TSBlackPen
post May 18 2019, 10:32 AM

GOD Hand
*****
Senior Member
867 posts

Joined: Apr 2010
From: Buddha Hand



QUOTE(Bjorn1688 @ May 17 2019, 10:04 PM)
A Korean English teacher in Malaysia?? Hmmm

What exactly are your concerns?
*
I never deal before any expats. So ask sifu opinion. What to aware and etc 😬
TSBlackPen
post May 18 2019, 05:09 PM

GOD Hand
*****
Senior Member
867 posts

Joined: Apr 2010
From: Buddha Hand



QUOTE(Bjorn1688 @ May 18 2019, 02:05 PM)
laugh.gif just no. But maybe it is different with Korean teachers.
A few things to consider:-

1) Is the agent legit?
2) Ask for an interview.
3) Ask for some references.
4) Does the potential tenant have a source of income? Is it contractual or freelance?
5) If it is an extremely expensive and fully furnished place would the local employer be willing to sign as a guarantor?
6) Would there be an "easy break" clause in the event the tenancy must be ended early. (Common with diplomatic corps and O&G as well as some international school teachers)
*
The agent is legit. After both viewing the units..here my though:-

Prospect 1 -
1) seem like not interested. When visit the unit like very rush and want to rush to airport for flight (carry luggage to visit the unit)
2) due to her boss is stay opposite tower A of the condo. Then she only choose to select smaller unit which is Tower B.
3) seem like not a choice of my unit.

Question here for prospective 2
1) She doesn’t have any working visa here. Just tourist visa
2) She said “I’m gonna do a visa run and then go to Korea for about a month in September and come back and do another visa run - that makes 1 year”

Hmmm here some of my conclusion.

Do tourist visa can do rental here? Is the rental agreement ok with tourist visa? I don’t think so able, if not mistaken only working visa or student visa.

This post has been edited by BlackPen: May 18 2019, 08:40 PM
TSBlackPen
post May 19 2019, 01:01 PM

GOD Hand
*****
Senior Member
867 posts

Joined: Apr 2010
From: Buddha Hand



QUOTE(Bjorn1688 @ May 19 2019, 12:08 AM)
P2, Qs:-

On a willing buyer willing seller basis.
However I would caution against renting to such people as she could very well suddenly be denied entry on one of her visa runs. You could however ask her Malaysian bf to sign as a guarantor.

P1 seems like a high flyer so may not be a bad choice.
*
Agent lawyer told her this.

Msia & Korea have Tourism Agreement. M’sian can stay in Korea for 3 month. Same applies to Korean comming to Msia.

Landlord can have short term rental of 6 months + 6 months. Bcos short term nego for 6 months advance rental.

Legal Fees for Tenancy Agreement is paid by Tenant but L/lord choose the Lawyer

Do make any sense? Hmmm

This post has been edited by BlackPen: May 19 2019, 01:13 PM

 

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