Hi,

Would like to know if any property owner has experience or knowledge - if we rent out our unit as Co-Living, and get an operator / management company to manage the unit, does the bank recognize the monthly rental income report for future loan application?

So far 2 operators has told me that their monthly report can be recognized by the bank.

Thanks.

Yes if the TA is stamp and the bank statement reflecting the same amount as per income report, banks have different % of recognizing the rental income

If u open a company doing property management, and all the revenue go into it, in operational for 2 years, got profit, then should be no problem. But it will be on separate entity when taking loan under company, unless company declare dividend back to shareholder, then shareholder can use own name to apply loan

But there is no TA involved. I am only signing a management contract with the co-living operator who will manage my unit. They will collect the room rentals on my behalf, deduct whatever fees and utilities and then pay me the balance. So my question is whether that contract that i sign with the operator can be recognized by the bank.

So, just to clarify. I am an individual property owner. Don't intend to open any company.

I am signing a contract with a property management company - a co-living operator who will manage my unit, collect the rent on my behalf, and pay me whatever balance after their fee/utilities deductions.

Unless the property management company is very reputable and could give financial guarantees, your contract is only worth the paper is printed on.

If this type of contract is bankable, re agents would have promoted.

This post has been edited by icemanfx: Mar 31 2025, 10:07 PM