Which nationalities are the best or the worst tenants? Being a landlord since 2002, and through chatting with fellow owners, I have my fair share of tenant stories. Let me clarify that this is not meant to be a racist podcast that stereotypes tenants in Singapore. It is not about stereotypes. It is about believing in somebody who will pay his rent on time, keep the … [Read more...]
The day I bought my first private property
In the evening of 30 June 1998, I arrived in Singapore alone with a luggage of personal belongings and some cash equivalent to S$600. In a few days’ time, I would start a job paying S$4,000 a month. I was grateful to find employment in the midst of the Asian Financial Crisis. The next morning I went to POSB to open a savings account. After I deposited all my S$600, I was … [Read more...]
Trust yourself you can create wealth in property
I received a few messages from readers of my blog which read something like this: I like properties and I want to learn everything about it. My dream is to earn passive income from property investment. I hope to be financially free one day ... But I am only a 20-something guy who just started working a few years back. I live on a humble four-figure salary every month. I … [Read more...]
Property investor scores a home run (the unpublished version)
An article on "Property investor scores a home run" which features “me & my money” was published yesterday on The Sunday Times invest section. You may be interested to read a longer version of my answers to the standard questions. Read the unpublished additional details highlighted in italics. Q: Are you a spender or saver? I am a compulsive saver. During my … [Read more...]
Dealing with repairs in rental properties
I parked my car outside the house. A neighbor accidentally kissed it and damaged the license plate. It was replaced after a week so I drove it to an 8 a.m. meeting on Monday. Unfortunately, I was stuck in the highway for an hour. When I reached the carpark, the agitated vehicle was already complaining with strange noises. It waited till I was on the way back that it finally … [Read more...]