REAP WHAT YOU SOW
I installed Chitika ads at my website www.ikatankasih.my. I didn’t realize I tried it from April 2017 till June 2018. Unfortunately it doesn’t bring any income during that period.
It might be due to lack of hits from my websites. On average my website clicks from Google Search is around 380.
I decided to uninstall it and try with Nuffnang.
Windmill Upon Hills is a freehold condominium located at Genting Highland, Pahang. Specifically it is located at Genting Permai near Petron and Starbucks.
Below are pictures that I compiled from February 2017 till August 2019.
Updated till August 2019.
Target completion is October 2019.
(sources from Windmill Upon Hills Facebook & others)
Please join owner Windmill Upon Hills Telegram Group Chat
This year our maid going to enter her 9th years working as a maid for us. Having her really helps our daily life. Our main concern are mainly to have someone trusted to take care of our children while we working.
We came to know that in 2018 government released new rules ~ which every odd year maid permit renewal need to do health check through Fomema. Then can proceed with permit renewal. We just knew of that rules like less than 2 months from expiry … agak panic and kelam kabut dibuatnya especially me… the wife.
I read lots of negative comments in fomema fb for period of Jan – Mar of year 2018. Complaints on the systems, response time and pending password. I decided to asked within my kids – parents Whatsapp group for any of other mommies experience to share. To my surprise feedback is good and some of them just knew of that rules – (credit to me for the announcements)
Step 1
Step 2
Step 3
Step 4
That’s all. Good luck guys .. mommies… bibik.
I respect my 8 years old boy Hadeef who offers to wash his little 4 years old brother’s poo.
He learned to do it by watching how we did.
I double check whether it was really clean or not the way Hadeef washed it.
My pray for him to be really good, successful boy and contribute to the society.
I have been a landlord since 2008. It has been 10 years now. Based on my own experience, there are few type of tenants.
Tenants can break or make your life easy. Therefore, it is crucial to screen tenant carefully.
So I came out with my own guidelines to screen my tenants. I made mistakes at the beginning because I want so bad to have my unit occupied and money flowing in.
Based on my bad experience, I would rather leave my unit vacant till I ll get the good one.
Below are my guidelines based on my experience. Other landlords might have different views. I don’t suggest anyone to follow blindly my guidelines.
| Household Type \ Factors | Family with Young Kids | Family No Kids | Single Alone | Together with Friends (Men) |
|---|---|---|---|---|
| Period of stay | 2 - 4 years | 2 - 4 years | 3 - 4 years | 1 - 2 years |
| Rental income | Sustainable | Sustainable | Sustainable | Ask for discount if one of members leave and no replacement |
| Pay on time | Yes | Yes | Yes | No if suddenly one of members leaves |
| House conditions | Graffiti on wall | Clean | Clean | Dirty |
| Complaints | Sometimes | Sometimes | Sometimes | Sometimes |
| Utilities are paid? | Yes | Yes | Yes | Need to monitor and inform |
| Person in charge | Remain the same | Remain the same | Remain the same | Keep changing |
| Recommended | Yes | Yes | Yes | No |
Ensure tenants are soft spoken, not demanding or not complaining so much on the house. Example saying the house has so much dust (even in actual fact no). If not, if they become your tenants, they will make your life miserable by complaining a lot.
Appearance is important to check whether the tenants will take care of your unit or no.
You can check whether their hair is well trimmed, taken care off. Their shirts are ironed. Besides, if can meet them near their car would be good. You can see whether their car is a mess or not.
You can check this one easily by asking for deposit. If they negotiate please raise the red flag.
Please also try to dig where do they work to check sustainability of their income.
If you are Malaysian and never been to Sabah …. rugi wooo… you should buy ticket now.
A lot of places for you to visit there especially pada sesiapa yang suka pada nature (alam semulajadi) – here is the right place for you to go. I’ve been to KK if not mistaken dah 6 kali.
so this one in 2018, i share with you a bit of photos of places that we went;
MARI-MARI CULTURAL VILLAGE – Inanam
We went there just to do sight seeing of the waterfall / river and tak bawa any extra clothes.
Bila dah sampai menyesal la pulak sebab kids nak mandi, – since they all consider not yet teenage so mandi dengan apa pakaian yang ada. We lepak for less than an hour jadilah. So kalau nak datang sini kena plan betul-betul. Bawah ni ada map so u can see what they have there;
http://marimariculturalvillage.com
NEXUS RESORT & HOTEL KARAMBUNAI
Here the second time we stay at Karambunai, first time in year 2016 we stayed at Rasa Ria Resort & Spa (http://www.shangri-la.com/kotakinabalu/rasariaresort/) nice place to stay also (next time will share on this). Back to Nexus ya;
http://www.nexusresort.com/the-hotel/about-us
I want to analyze just in case if I could buy RM750k worth of property, how should I invest. Lets say I want to invest in:
1) One terrace house worth RM750k
2) 3 units Medium cost apartment worth RM250k each
1) The investment is for rental play
2) No problem on Loan to value (LTV) of 70% on third property as if I could use my wife name.
3) I don’t include MRTA cost because can’t find MRTA calculator online
4) I don’t include property valuation report fee in the calculation
1) Profit – of course
2) Risks – which investment give me less risk?
1) Terrace house is located at Bukit Jelutong
2) Apartments are located at Kota Damansara
From mudah.my, average selling price for a standard terrace house is more or less around RM750k Assume, after negotiation I manage to purchased the property at RM750k.
Again from mudah.my, average asking rental is RM2,200 per month.
From mudah.my average selling price is around RM270k. Assume, after negotiation with the owners, I purchased all three properties at RM250k each.
Average asking rental price is RM1,200 based on listing at mudah.my
1) Profit – Apartments x 3 produce less loss vs one terrace house
2) Risks – put all your egg in one basket is riskier. If the terrace house is vacant, loss of income is 100%, while if only one apartment is vacant out of three, at least still can get 2/3 of rental income.
To invest in RM250k apartments (3 units of them).
Of course all these analysis is based on numbers only not considering other factors, like JMB of the apartment. Sometime apartment degrade quickly if JMB doesn’t manage well the apartment.
This year March 2018, I did renovation on my rental Gugusan Mawar apartment at Kota Damansara. I installed new kitchen table top.
1. I want to give my tenants comfort when they are cooking.
2. For future appreciation of rental and property value.
I want her to learn from young age to know the value of work and money.
This week I use my EPF to have monthly withdrawal to reduce my loan principal.
I have a question whether to use the extra fund to save in ASB or reduce my loan principal.
So which one will give me higher return?
To do the analysis I need to know what will be:
1) Effective return of saving in ASB vs reduce principal loan.
2) How long it takes to settle the loan
For me it is the amount of dividend / saving from interest that I get by year end.
Example: ASB dividend rate is 7.42% and I make a monthly saving of RM1,074 per month.
So usually, we calculate the dividend by end year we get is:
RM1,074 x 7.42% x 12 months = RM956.
But ASB will calculate based on monthly minimum amount. Based on that calculation the dividend we will get is RM519.
So effective return is RM519 / (RM1,074 x 12) = 4.03%
2) ASB Dividend Calculations
At first thought without deep analysis, I thought I want to put the money in ASB as ASB gives 7.42% dividend vs loan interest rate of 4%.
However, based on the analysis, I will pay off my loan principal instead of putting the money in. ASB.
Furthermore, by 33rd month, I have fund from monthly EPF withdrawal of RM1,074 + loan monthly installment of RM630 which I don’t need to pay anymore.
So total extra cash flow is RM1,704.
Reference:
Excel analysis file Invest in ASB vs Settle of property loan
