My life as a tenant I arrived in Singapore alone in 1998. I started renting on my own but ended up moving three times in just 13 months. First, it was a common room in an HDB flat for three months. Next, I stayed in the whole 4-room HDB flat (with one room locked up) for ten months. Then I moved to a private apartment sharing with two flatmates. Being new to Singapore, I … [Read more...]
Smart Landlords vs Smart Tenants Education Seminar
Smart Landlords vs Smart Tenants An education seminar by Property Club Singapore Synopsis What are the tax implications when you buy, lease and sell your properties? Do you know that your purchase fund and selling profit can lead to unforeseeable taxable income? How do smart landlords maximize their rental return by saving cost and adding value? How to increase the … [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...]
To let: by agent or by yourself? (part II)
I would definitely engage the service of my property agent every time I rent out my properties, for the following reasons: 1) Why waste the time to advertise, to arrange viewings, and to take the risk of showing strangers around, when a professional can do it for you? 2) Your tenant (especially in a company lease) is mostly likely represented by his/her own agent. You … [Read more...]
To let: by agent or by yourself? (part I)
A landlord posted a message in a property forum, asking whether it’s better to let the flat through an agent, a lawyer or by himself. This post is most likely from a 1st time owner. My two-cents: I don’t think it’s necessary to engage a lawyer, unless yours is a special lease that needs much customization in the contract. Lawyers tend to give 'safe advice' in order to … [Read more...]