Monday, April 16, 2018

How To Rent Your Property?

I am so relieved and happy that I have managed to rent out my condo at last. It was a very long short and stressful wait of 3 months due to the economic downturn and over supply of condos around the vicinity of Taman Desa. I also had a headache to encounter a few "bogus tenants" who were actually international scammers out to cheat which I had posted in my blog HERE (Beware of Scammers)

I would not hesitate to share about my greed & stupidity to advertise my unit over the Mudah.Com as advised by a friend. It positively attracted many viewers and the response was fast as so many desperate and hungry agents also wanted to help me to seek tenants too. So it took up my time to respond to all of the agents and would-be scammers.

The mistake I made was that I showed my real mobile phone number in the free advertisement online which the website had indicated that response would be faster than getting inquiries through their own chat box. I had hoped that I would get a tenant quickly and need not fork out one month's rental for the agent's fee but I was wrong.



Having a good agent saved all my precious hours to respond to so many potential tenants and driving all the way to open my unit for their viewing. Sometimes the potential tenants would be tactless and gave rude comments or opinion after seeing your unit. It would escalate my wife's blood pressure instead but not mine. I have many years experience and hundreds of encounters dealing with property agents and potential tenants. I am always very calm, very thick skinned and cool like a cucumber with ever ready words that could blast them back like missiles if they provoked me. You know TM's fiery lava mouth lah! Muahahaha




I need to share this good service by Ms Jun Soh (H/P: 012-3801780) from Chester Properties who was so patient and very different from all the agents I have dealt with. I understand that Chester Properties Group is very new in the local market but they are the most aggressive today with so many branch offices all over Klang Valley. They strive to please both the owners and customers (tenants/buyers) by going the extra mileage to offer their professional services. I had previously rented my unit to 2 other foreigners through another agent who just collected his fees & bade 'good bye'.

This agent Ms Jun had found me a tenant who is a diplomat from the Embassy of Korea. His wife had viewed 4-5 units in my condominium before seeing mine. She immediately confirmed on the spot when she saw the fabulous view from all my unit's windows that overlooked the million dollar bungalows on the hills of Taman Desa from my highest floor unit. I actually enjoyed my earlier years staying there and could see the KLCC Twin Towers, KL Tower and Genting Highlands from my bed. I could also view the big firework displays like 2-3 times a year around the KL's downtown. It was actually a big waste of money to burn away millions of dollars each year to show off the firework displays when our country's debts and hungry homeless people are increasing!

Just remember to engage a good and reliable property agent when it is not the right time to be a hero.

Happy Voting For GE14!
Ini Kali Lah!


This is NOT A PAID POST. 
All opinions are solely mine & subject to
my own discretion.
***

41 comments:

  1. That's very good advice. I have heard horror stories of tenants or potential tenants from hell. Not that easy as a property owner to rent out. A good tenant who pays on time and maintains your property well is hard to come by.

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    1. Yes it is not easy to be a landlord as the tenancy headache is no ending. My first Iranian tenant even challenged me to the court!! That was so horrific and my lawyer blamed that it's the typical Iranians who like to fight all the time.

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  2. There are lot of agents here but most of them aren’t reliable and mostly based on commission rather customer satisfaction. We have shifted to few houses in past and we picked up the houses only through online ads by owners. But an agent with properly registered with official address do their best and will be clear on pros cons. Looks u own a wonderful flat with fabulous view to stretch far…

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    1. It is the same everywhere that not all agents are so helpful and attentive to both parties. That was the reason I had to share my good experience with the world about Chester Properties which was professional as they are managed by a well known COO Jason Lim. I was kinda impressed.

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  3. good for u finally! my neighbour is also trying to sell their unit, but so far no one come to view their unit. Oversupply of residential houses and times are bad for property market...

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    1. Thank you! I had to pray so hard for divine's help to get me a good tenant. Prayers are powerful!
      We need a new government to prevent developers for building too many condos, shops and offices! Crazy lah!

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  4. From my experience as a telemarketing executive, I came out across people who can be very so rich that they own a few condos at the same time. I got many leads for my agent and one of them wants to sell her Penthouse, good commission lah for the agent.

    However, due to DNC in our country (Do Not Call) and also the PDPA (Personal Data Protection Act), nowadays many numbers we cannot call liao.

    Good for you Landlord TM, hee hee.

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    1. I am surprised that you could easily fish out their info last time. I have managed a leading call centre many years ago and have good sound knowledge about this industry including its pros & cons. You were so good to find leads for your agent. He should have paid you a handsome 20% referral commission too!
      I am not sure whether we have this DNC and PDPA law in our country. Even there is law here, all are so badly abused.

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  5. I'm not kaya enough to have a condo to rent, so I won't need to go through this 'experience' but I'm glad you've finally managed to rent out your apartment. Ya, getting a property agent to handle everything is the way to go, cost a little bit more but save you a lot of hassle.

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    1. It has nothing to do with kaya to invest. Just buy the smallest unit like mine and let the rental pay the banks. Agents are plenty in town and I never had good impression until this recent encounter that I need to share with everyone.

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  6. I always use an agent, but I have also encountered an agent who was more interested to protect the tenant rather than the landlord !

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    1. Sigh! I often encountered agents who protected their own pockets. We should share our stories over coffee!

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  7. gosh. it was informative to read this - i bought my apartment in 2003, and i've never had to deal with property issues ever since, but it's certainly daunting to imagine the challenges one would face, especially in selling or renting ...

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    1. Sometimes I observed some high profile friends who owned many properties for rental investments. They seem to handle them all like an Art of War. It takes one's experience and instincts to develop these skills in property investments.

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  8. That is why I sold my unit at a loss to a nice young couple instead of letting it out for fear of getting tenants from hell. congrats to you! let me google for the contact of this good agent of yours.

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    1. I have more than 10 years in doing the creative planning for property advertising and that gave me the gift of gab to even sell some properties like an agent. It takes one's guts and some instinct to invest cheap with high returns. Gone are the days we could speculate and buy properties with 100% loans with developer's help. We could dispose before the CF was issued during the peak days.

      You sold yours at a loss! Did you mean that you sold it lower than your purchase price?

      I have typed the agent Ms Jun's contact number in this blog post since she advertises her name and actual phone number in the property websites too.

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    2. you are right. My purchase price was RM207k and I sold it for RM180k because I told the buyer the unit has leaking issues and could not be fixed because it is the common area pipes leaking don't know from which floor and the maintenance office just put in a workaround and notba permanent fix.

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    3. You made the right move by not clinging to something unworthy. It would disturb my sleep when my unit was having so many broken pipes, cracks and nonsense. How about buying a new cheap house in Sungai Buloh which starts from RM220,000 only!!

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    4. One foot in the grave liao so not planning to buy any new house. lolx! Thanks anyway.

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  9. Wow! Luxury condo + sound investment!

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    1. What luxury? It is an old ramshackle condo in tatters!

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  10. sometimes i wonder if it's just my imagination that every time i come to this site, it's a different look! :'D can't wait to vote. it'll be my second time, WHOO HOO!

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    1. LOLOL... You are not dreaming. I am always changing the blog design like changing our soiled underwears!

      You are soooooooo young!! Just voting twice. Please vote wisely yeah.

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  11. That's good that you have finally managed to rent out your unit. Yeah, economy is pretty bad ever since our currency is dropping. A lot of foreigners felt that working in Malaysia is no longer 'profitable' compare to Singapore. That's what those Indonesian labours told me. Might as well just work in their own country. LOL

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    1. I agree that our country is not a good choice for foreigners now. Our currency is always falling like durian runtuh! Muahahaha

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  12. If i am on the same spot as them i would also get your unit because of the view. Well thank to your agent because he seemed to had a pretty good job and seems like he landed you to good renters too!

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    1. I had my share of good and bad tenants too. The Iranian tried to sue me in the courts! It was a nightmare that I could put behind now.

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    2. The nightmare that you could put behind you now would be a very interesting topic for this blog if you are OK to share it.

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    3. I think I will blog about it just to create awareness to all landlords.

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  13. Wow, seems like you're a savvy investor! I'm just happy staying at home blogging; I'm definitely not a risk taker. Hahaha!

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    1. I wish I am in your shoes and need not have to go to office to see monsters at work. Your karma is so beautiful to stay at home and see the bank account growing. Good for you!

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  14. Wow, her business must be increased after your promotion in your blog. Renting out the property was a nightmare of me as previously my tenant didn't pay me the rental for a few months and not only that, he also left "sou zou shit" for me which is one thousand plus of unpaid electric bill ~>_<~ Really dry also no tears, if you understand Cantonese

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    1. I also had my own share of nightmares with tenants. My friend's tenant also ran away and left electricity bills that raked over thousands. Sometimes we have to depend on our own luck and that's where good agents would be helpful to screen them first.

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  15. My husband deals with our tenants. I can't. I get angry easily over their petty demands. And when I am pissed, I chased them out. So now, my husband doesnt allow me to get near our tenants anymore. haha.

    ReplyDelete
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    1. Whoa! You so ganas and chased tenants out! LOLOL Muahahaha
      Your husband's face is very patient and kind hearted, so he should deal with tenants. I also don't allow my wife to go near the tenants anymore.

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  16. "TM's fiery lava mouth" ? Kakaka...TM, you have a way with words. Reading your blog is always a good vibes affair.

    Oh, yes. I cannot imagine why some people have to be so rude or speak down to people. Glad it's all sorted out for you.

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  17. scammers? wokay....after this post i go kaypoh that post

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    1. mine usually by word of mouth. Yea ... hard to try saving 1 month rent

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    2. hahaha.... woi laser mouth...after u retire can help me rent out my property ah? real as you said fed up dealing with potential tenants. Banyak comment. Same also with agent. They just want you to lower the rent so that they can faster rent out the place

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    3. glad to hear that you found a good agent and good tenant. Will mark down the phone number. might need her service in a few months time

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