Some breathing space
It's been about 9 months since the last false alarm. Yes, that's 9 months of missing rent! As briefly mentioned here, I finally have a tenant who not only signed a 2-year tenancy agreement but also at a rental rate that's slightly above the minimum rent that my agent and I agreed upon.
However, there are a few caveats:
(1) 6-month diplomatic clause
(2) Bidet spray in each of the 2 bathrooms
(3) New TV (which I've always wanted to replace anyway)
(4) One stand fan
(5) Replacement of an old single-bed mattress
(6) Tenant is required to service aircon once every 4 months, instead of once every 3 months, because they claim they won't be using much of it (there's just no easy way to check this, is there?)
Well, at least for the next 6 months, I will have rental income. I've asked my agent to continue to look for buyer though. Earning rental income is not worth it given the non-resident tax rate. In any case, all along I aim to start looking to sell it off starting from 2020 due to its age. It's a leasehold property and so I'm trying to sell before the inevitable relentless fall in price phase.
However, there are a few caveats:
(1) 6-month diplomatic clause
(2) Bidet spray in each of the 2 bathrooms
(3) New TV (which I've always wanted to replace anyway)
(4) One stand fan
(5) Replacement of an old single-bed mattress
(6) Tenant is required to service aircon once every 4 months, instead of once every 3 months, because they claim they won't be using much of it (there's just no easy way to check this, is there?)
Well, at least for the next 6 months, I will have rental income. I've asked my agent to continue to look for buyer though. Earning rental income is not worth it given the non-resident tax rate. In any case, all along I aim to start looking to sell it off starting from 2020 due to its age. It's a leasehold property and so I'm trying to sell before the inevitable relentless fall in price phase.
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