My wife and i live in Sydney and my wife has 2 properties in MK.
My wife has an agent to handle both properties. I never bothered much about these properties until recently as we will be spending a lot more time in KL nowadays. My wife deals with the agent and i don't get involved much as she bought these properties with her own money.
I can tell you that it involves a lot of work especially when tenant leaves - checking condition of unit after leaving and getting agent to organise cleaning/getting a new tenant. Sometimes agent will play up and you end up a long while before you get another tenant. My wife has changed agent 3 times in 5 years so this is really not a bed of roses. We used to only go back to KL once a year and i don't know how my wife handled it then - i only started getting interested in the process of rental because i am thinking of buying one more property (probably in Bangsar or MK area) when i retire next year. I will definitely not buy unless i am living in KL and have the time because even though you engage an agent, there is still a lot of work you need to do because the agent will overcharge you for even minor repairs (agents have their tricks for overcharging esp when you are not there). Luckily for us, we will have more time nowadays as i am about to retire and spend a lot more time in KL.
This post has been edited by Garysydney: Jul 8 2019, 04:13 AM
How to manage property if u are in diffrent state?
Jul 8 2019, 04:10 AM
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