There are many strategies to it.

First strategy you could engage an agent to deal with everything.
Pros :-
Someone looks for a tenant for you.
Someone can chase rental collection for you depending on the contract.
Can usually get the maximum money possible.

Cons :-
Change of tenant will be an annual affair.
You will need to find someone that deals with maintenance.
Difficult to find agents that are honest.

Second strategy, you could engage a property portfolio manager.
Pro:-
This person has their own letting agents, handymen and even IDs on hand.
1 point of contact for absolutely everything.

Cons :-
Expensive (Check out the thread I have at Property Q&A on this topic)
Good ones are few and very far between.
You will find not just tenants change annually especially if they get wind that you just want some money, there will be all kinds of funny expenses and job request.
Only worth it if you are in possession of 20 or more properties and worthwhile to give salary to this person.

Third strategy is to do it yourself.
Pros :-
Tenants tend to stay longer.
Better yields.
Plenty of technology that makes it easier these days.

Cons :-
You have to get your hands dirty.


My take :-

If it is under 5 properties, do it yourself. I know of people who are living in UK and still manage their properties in KL.

I was looking into doing the 2nd strategy as I don't have as much time as before due to job commitments. Decided not to bother as I invest for profit not to do charity.

Same, however it also means you must be willing to get your hands dirty.

I always believe when it comes to this there is only 1 way to do it, get down to the field and get your hands dirty. Unless of course you only have properties that are fully paid off and you have money to throw, then different story.

Personally I have already decided even if I have 50 properties on hand, I will still manage it myself but I would hire a handyman to settle the maintenance issues.

Local or foreign student?

How has that worked out?

Sounds like you found yourself a gem of a tenant. This is the same one that painted an entire apartment in a day?

You use social media to find tenants? As in posting it on FB Groups?

I've always admired you for trying new and unconventional ways and means to solve problems. Also admire your persistence in never accepting or making excuses especially where there hasn't even been any attempts at trying.

Wish more people especially in the workforce and in the consumer market would do the same.



Only a problem if you make it a problem.

Its good to be a non-conformist and a bit of a rebel. My father is definitely one, he sort of behaves like the typical eccentric Brit, the exact type that would do something because he can and the exact type that keeps long hair and a pony tail. His rules are very simple for everyone, you fuck up and make a mess then you better find out how to sort it out and clean your own shit. Rules are meant to be broken just don't get caught red handed.

Myself, I don't conform if I don't want to and rebel if I have to. If I fall, then I fall and I will get up and try again, I won't ask for a hand to help get up and going again. As they say if it doesn't kill you then it makes you stronger and wiser.

Its an absolute pity the system here doesn't accommodate rebels very well here. Little wonder we can never have any visionaries like Steve Jobs, Elon Musk or any types of such persons because somewhere along the line before they get to their full potential they are told to conform or rice bowl kicked in their face.