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Pai
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 Sep 18 2007, 03:40 PM
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QUOTE(Jordy @ Sep 18 2007, 02:29 PM) Been considering for awhile now.. Since I'm studying in tar college setapak now, and I'm going to move out with a group of my friends, is it worth buying an apartment, and rent the other rooms out to my friends..? I might be continuing to UTAR afterwards, so I can keep living there and renting the rooms out.. When I leave the place the next 4 years, I can sell it and earn (if it appreciates).. You guys think there's opportunity for this in ss2 wangsa maju..? Jordy mate, whats the selling price and the rental for this particular property u r looking at? That way we can see if its really wort ur while. Numbers dont lie  |
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Pai
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Sep 18 2007, 11:25 PM
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QUOTE(Jordy @ Sep 18 2007, 04:21 PM) Well, the apartments there cost between 90k-120k.. They are 3r2b, so can fit in 6 people comfortably.. Most of my friends are living there, so I guess that's one of the hottest area for KTAR students.. Rental for one lot is between 500-600 I see.. So that works out to around 7%.. If I buy it, I might be able to sell out at the current price or a bit of premium.. Not sure about property though, just starting to understand it..  im with ejleemy on this, at 7% gross yield not really worth the effort. This is before UTAR shifts to Kampar. however, if you can get a unit below 80k (9% yield) then its definitely worth looking at |
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Pai
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Sep 19 2007, 01:27 PM
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QUOTE(Jordy @ Sep 19 2007, 12:12 PM) Then no need agreements between me and my friends..? The agreement is only between me and the landlord la..? yup, and that will be a major headache for you. |
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Pai
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Sep 19 2007, 05:48 PM
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QUOTE(aaronpang @ Sep 19 2007, 03:17 PM) TS just have to be smart about it... take the same contingencies as any good landlord would... Put everything in writing...(even if its not legally binding) also think smart collect deposit 2months at least... put deadlines for rental collection and screen/background check potential house mates. Get their parents/guardian contacts if anyone doesn't pay a friendly phone call should typically resolve the matter. He can get the parents contact under the guise of emergency contact in case of emergencies bla bla bla... Since he's renting and not servicing a loan the risks and liabilities are smaller and easier to manage IMHO. Easier said than done. When it comes to frens, usually involves emotional attachment. He'll be better off renting to complete strangers, IMO  |
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