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 Prompt monthly payment& your future tenant, Tips and experience please

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aaronpang
post May 22 2008, 11:23 AM

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Joined: Jan 2003
From: Kuala Lumpur
QUOTE(bitterbutter @ May 20 2008, 06:13 PM)
I have a concern here: how do I ensure my future tenant make prompt rental payment to my bank account? Other than the normal check your account& follow up call method? I am not interested to deal with tenant problem with regards to the rental payment, like insufficient fund, need cash to help family, etc.

Also, between:

a- students
b- family, or
c- a group of singles who just started their career

which one would you prefer as your tenant?
*
Just add there is also another type of tenant:-

d- Company lease

Leasing to a company surmounts many problems esp. if it's a large reputable organization like DHL/HP etc. Such organizations have steady incomes and are unlikely to have financial problems.

I have colleagues who are staying in company provided housing "Mont Kiara" for nearly a decade already.

Also maintain a cordial and relationship with your tenant. If nothing else, their conscience will guide them in keeping your home safe IMHO.

If the tenants have rented before ask them for past references and talk to their former landlords.

 

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